>One would expect companies to be judged based on following the spirit of the law, rather than nitpicking and allowing wide holes like this.
The letter of the law is what people follow. The spirit, or intent, of the law is what they argue about in court cases.
If the regulation says 49% and a company follows it, who's to say they're exploiting a loophole? They're literally following the law. Until there is a court case and precedent is set.
The letter of the law is what people follow. The spirit, or intent, of the law is what they argue about in court cases.
If the regulation says 49% and a company follows it, who's to say they're exploiting a loophole? They're literally following the law. Until there is a court case and precedent is set.