§ Mr. Jim CunninghamTo ask the Secretary of State for Trade and Industry what plans he has to promote the harmonisation of company law in the EU. [78917]
§ Mr. Byers[holding answer 30 March 1999]: A number of harmonising Directives in the field of company law have already been adopted or proposed.
In addition, during its Presidency in 1998, the UK achieved significant progress on the proposal for a European Company Statute which will make it easier for companies with operations in more than one Member State to restructure their business.