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Dáil
‹ Ceisteanna—Questions. Oral Answers. - Company Law.

Fourth EC company law directive

Summary

Flynn asked when legislation implementing the fourth EC directive would be introduced. Bruton hoped to circulate a Bill during the session; he said four EC countries had not legislated and noted that Ireland had told the Commission it hoped to have a Bill before Parliament in autumn 1984. Flynn also asked whether the limited-liability Bill would be circulated that session, but Bruton referred back to the earlier answer.

asked the Minister for Industry, Trade, Commerce and Tourism when he proposes to introduce legislation to implement the fourth EC directive on company law.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

I hope to be able to circulate the appropriate Bill to Deputies during this session.

Comment on this

May I take it that the Minister will be circulating the Bill dealing with limited liability in this session also?

Comment on this
John Bruton Mr. J. Bruton Fine Gael

We have dealt with that question.

Comment on this

Would the Minister like to say "yes" to my question? With regard to the fourth EC directive will the Minister tell the House how many EC countries have not introduced domestic legislation to deal with this matter?

Comment on this
John Bruton Mr. J. Bruton Fine Gael

Four.

Comment on this

Will the Minister indicate if he has received any notification of recent date from the European Commission to the effect that they will be before the European Court again this year if they do not have this matter dealt with this session?

Comment on this
John Bruton Mr. J. Bruton Fine Gael

The position is that the European Commission sent a reasoned opinion to Ireland on 22 June 1984, pursuant to Article 169 of the Treaty, requesting Ireland to take the measures necessary to comply with the directive. That procedure is part of the preliminary stages of taking a member state to the European Court of Justice. Ireland replied on 21 August to the reasoned opinion indicating that it was hoped to have a Bill in the national Parliament in the autumn, 1984, session.

Comment on this