July 28

In 1571, Spanish colonizers founded the La Laguna encomienda, now Laguna province in the Philippines. This grant allowed colonists to collect tributes and oversee indigenous labor under the encomienda system. As one of the oldest colonial provinces, it became a key center for Spanish administration and economic activity. The establishment influenced settlement patterns and the introduction of Christianity in the region. Laguna's origins under the encomienda system laid the foundations for its modern cultural and political identity.

Effective July 28, 1960, the Volkswagen Law established government and state-level rights to veto major decisions at Volkswagen, safeguarding it from hostile takeovers. The legislation required a 20% shareholding by the federal government, with seats reserved on the supervisory board. It also guaranteed employee representation, pioneering co-determination in corporate management. The act balanced public ownership with market-oriented governance, fueling Volkswagen’s growth into a global automotive leader. Over the following decades, the law became a touchstone in debates on corporate structure and worker participation. It faced European Union challenges and was ultimately repealed in 2007, but its principles continue to influence corporate governance models worldwide.