EU.inc / One Market One Law: first contribution submitted to the European Commission
One Market, One Law (www.onemarketonelaw.eu), not-for-profit association based in Brussels dedicated to the unification and codification of business law in Europe, has submitted its first contribution to the European Commission. It concerns the proposal for a Regulation creating a European company-law framework, the “28th Regime” known as “EU Inc.”, and marks One Market, One Law first public position in the European legislative process.
The main points of One Market, One Law response are the following:
- One Market, One Law supports the proposal and the choice of a directly applicable Regulation, the only instrument able to give companies a uniform European form; a directive would recreate the fragmentation the initiative seeks to remove.
- The regime should remain open to all companies, not only to innovative startups.
- This common form must be coherent in substance: its reliance on national law should be reduced and more uniform rules provided, for real cross-border predictability.
- The integrity of the regime, through robust controls at formation and protection against abuse, is the condition of its credibility.
- “EU Inc.” should be given a European name, and the instrument conceived as the first building block of a European Business Code.
One Market, One Law will continue to engage as the text moves through the Parliament and the Council. The contribution has been published on the Commission’s portal
For any information : contact@onemarketonelaw.eu