Ceisteanna—Questions. Oral Answers. - Recognition of Companies.

40.

asked the Minister for Foreign Affairs if Germany, Italy, The Netherlands and Luxembourg have ratified the convention of 1968 dealing with mutual recognition of companies; and if Britain intends doing so.

Germany, Italy, The Netherlands and Luxembourg have not yet ratified the Convention on Mutual Recognition of Companies.

The Treaty of Accession to the European Communities provides for the negotiation of adjustments to the convention necessitated by enlargement and the applicant states, including Britain, have undertaken to accede to it as so adjusted.

Will this require any amendment of our company law?

This is being examined at the moment. This is the reason for the delay in regard to the countries in Europe that have not yet ratified the convention. Germany, Italy, The Netherlands and Luxembourg are preparing legislation to enable them to ratify the convention and this will apply in our case as well.