WINE is an attempt to reimplement the Windows API on a Unix-like platform. I'm not sure what license it's under, but it goes along with free software and opensource concepts, I'm sure. If not LGPL then probably BSD-type.

Although it stands for "WINE Is Not an Emulator", that is debatable. From a technical point of view, it is not emulation because all code and hardware access is done 100% natively. But it really does have emulator-like functionality, and could be considered an emulator by some.