The recognition of foreign companies is a much debated issue. The exact meaning of ‘recognition’, the conflict rules by which the law of the company is determined, the limits within which national company law can still be applied to foreign companies, all these questions have been and still are the subject of lively discussion in academic writing. The same holds true for the EEC Convention on Mutual Recognition (hereafter Recognition Convention) upon which there has already been extensive, and often critical, comment. What has been rather neglected in this debate is the relationship between the Recognition Convention and the law of the European Communities. The report is mainly devoted to this subject (Chapter I).