The case which was filed by OMV in December 2007, reportedly alleged that a single share in MOL held by the state conferring a veto right on any proposal to scrap the 10% limit on voting rights in the company charter was illegal. OMV is claimed to have had issues with the 10% limit, which the company thought was discriminatory, since it did not apply to the Hungarian state.
In addition to the veto right, OMV argued that the rule limiting the number of board members that may be called down for discussions, should be reconsidered. According to the report, OMV had previously announced an intention to take over MOL. However, MOL is reported to have refused the offer.
