Judgment_paragraph 32 · VALE Építési kft (C-378/10)

32It is thus apparent that the expression ‘to the extent that it is permitted under that law to do so’, in paragraph 112 of Cartesio, cannot be understood as seeking to remove, from the outset, the legislation of the host Member State on company conversions from the scope of the provisions of the Treaty on the Functioning of the European Union governing the freedom of establishment, but as reflecting the mere consideration that a company established in accordance with national law exists only on the basis of the national legislation which ‘permits’ the incorporation of the company, provided the conditions laid down to that effect are satisfied.

VALE Építési kft (C-378/10)

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