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Enrico Letta's proposal stands as one of his most compelling initiatives

This envisioned EU-level business code presents an opportunity for European companies to voluntarily adhere to a unified framework, thereby streamlining operations and enhancing appeal to investors across the entirety of the European Union and beyond. Letta's proposition holds the promise of facilitating scalability and bolstering attractiveness to potential financiers.

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European Code of Business Law / Enrico Letta's report, Financial Times, April 21, 2024

What to do? One of Letta's punchiest proposals is for a “28th regime” in corporate law – an EU-level business code European companies could opt in to that would make it easier to scale up and attract investors from the whole EU (and beyond), without navigating 27 sets of rules on everything from licensing to creditor rights. This could be the rare policy that offers profound change while sidestepping the political thicket of harmonising national rules. A well-designed, minimally bureaucratic EU business code could be a game-changer for the ability of small businesses and start-ups to expand fast.

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Europäisches Wirtschaftsgesetzbuch / Bericht von Enrico Letta

In seinem Bericht über die Zukunft des europäischen Binnenmarkts, der dem Europäischen Rat am 18. April 2024 vorgelegt wurde, liefert der ehemalige italienische Ministerpräsident Enrico Letta, Präsident des Jacques-Delors-Instituts, Lösungsvorschläge gegen den Wettbewerbsrückstand Europas und den möglichen wirtschaftlichen Niedergang.

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