The implementation of a European Code of Business law (www.codeeuropeendesaffaires.eu) is one of the key recommendations of the report “Much more than a market” authored by Enrico Letta, President of the Jacques Delors Institute and former Italian Prime Minister, to strengthen the European single market.
With the scientific support of the Henri Capitant Association, and the support of numerous European foundations (in France, the Foundation for Continental Law, the Robert Schuman Foundation, and EuropaNova), the objective of the European Business Code project is to address, whenever feasible, the fragmentation of European commercial legislations. This fragmentation hinders the ability of small and medium-sized enterprises to thrive within the internal European market, thus affecting the economic competitiveness of the Union.
In his report, Enrico Letta demonstrates that it is possible to make useful progress within the framework of an 28th optional regime with the creation of instruments such as a unique status for European SMEs (the Simplified European Company), the euro bond, euro guarantee, euro security, the European loan contract, and the European insurance contract.
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