Volkswagen Denationalization Case
West Germany Federal Constitutional Court
12 BVerfGE 354 (1961)
- Written by Mary Katherine Cunningham, JD
Facts
In the 1960s, the West German government and the state government of Lower Saxony privatized Volkswagen Corporation through the sale of 60 percent of the corporation’s stock. The West Germany Federal Constitutional Court heard a complaint arguing that the government had violated Article 15 of the Basic Law for the Federal Republic of Germany when selling the stock. During oral arguments, the court heard evidence that federal agencies had used the conclusions of several experts to determine the appropriate sale price of the stock based on the value of Volkswagen’s operations.
Rule of Law
Issue
Holding and Reasoning (Per curiam)
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