HL Deb 14 December 1999 vol 608 c29WA
Lord Pearson of Rannoch

asked Her Majesty's Government:

What is the current state of play concerning the proposed Euro Dean 13th Company Law Directive on takeovers. [HL173]

Lord Sainsbury of Turville

Political agreement was reached on the proposed 13th Company Law Directive at the Internal Market Council in June this year, with the exception of one point, a Spanish objection concerning the application of the directive to Gibraltar. Since then Her Majesty's Government and the Government of Spain have been negotiating a solution to this question.