Judgment of the Court 19 January 1993

In Case C-89/91, REFERENCE to the Court under the Protocol of 3 June 1971 on the Interpretation by the Court of Justice of the Convention of 27 September 1968 on Jurisdiction and the Enforcement of Judgments in Civil and Commercial Matters (OJ 1978 L 304, p. 36), by the Bundesgerichtshof (Federal Court of Justice) for a preliminary ruling in the proceedings pending before that court between

THE COURT, composed of: C. N. Kakouris, President of Chamber, acting for the President, G. C. Rodríguez Iglesias, M. Zuleeg and J. L. Murray (Presidents of Chambers), G. F. Mancini, R. Joliét, F. A. Schockweiler, J. C. Moitinho de Almeida, F. Grévisse, M. Diez de Velasco and P. J. G. Kapteyn, Judges, Advocate General: M. Darmon, Registrar: H. von Holstein, Deputy Registrar,

after considering the written observations submitted on behalf of: Shearson Lehman Hutton Inc., by G. Limberger, Rechtsanwalt, Frankfurt, TVB Treuhandgesellschaft für Vermögensverwaltung und Beteiligungen mbH, by J. Kummer, Rechtsanwalt, Karlsruhe, the German Government, by C. Böhmer, Ministerialrat in the Federal Ministry of Justice, acting as Agent, the Commission of the European Communities, by P. van Nuffel, of its Legal Service, acting as Agent, assisted by A. Böhlke, Rechtsanwalt, Frankfurt,

having regard to the Report for the Hearing,

after hearing the oral observations of Shearson Lehman Hutton Inc., TVB Treuhandgesellschaft für Vermögensverwaltung und Beteiligungen mbH and the Commission at the hearing on 7 July 1992,

after hearing the Opinion of the Advocate General at the sitting on 27 October 1992,

gives the following

Judgment

Question 1

Question 2

Question 3

Question 4

Costs

1 Language of the case: German.