Administrative order imposing a fine against VW in connection with the diesel issue: Gleiss Lutz advises supervisory board of Volkswagen AG
A Gleiss Lutz team has advised the supervisory board of Volkswagen AG on the administrative order imposing a fine issued by the Braunschweig public prosecutor in the context of the diesel issue.
On 13 June 2018 the Braunschweig public prosecutor issued an administrative order against Volkswagen AG in its capacity as secondary party pursuant to sections 30 para. 1, 130 para. 1 of the German Act on Regulatory Offences (Ordnungswidrigkeitengesetz - OWiG) in the context of the diesel issue. The administrative order provides for a fine of EUR1 billion in total.
Following thorough examination, Volkswagen AG accepted the fine and it will not lodge an appeal against it. As a result of the administrative order imposing the fine, the active regulatory offence proceedings conducted against Volkswagen will be terminated.
The supervisory board of Volkswagen AG was advised by the following team of Gleiss Lutz lawyers: Prof. Dr. Michael Arnold (lead, partner), Dr. Vera Rothenburg (partner), Dr. Adrian Bingel (partner, all corporate, all Stuttgart) and Martin Hitzer (partner, corporate, Düsseldorf).