Identification of hurdles that companies, especially innovative start-ups, face in the EU justifying the need for a 28th Regime

This in-depth analysis, commissioned by the European Parliament’s Policy Department for Justice, Civil Liberties and Institutional Affairs at the request of the Committee on Legal Affairs, assesses the potential drivers and rationale for a possible 28th Regime as proposed in the Letta Report. The 28th Regime seeks to enable firms who wish to do so to operate under a new business law codified at European level. The intent is to enable firms, especially SMEs and innovative firms, to operate without friction across all EU Member States.

Apostolos Thomadakis is Research Fellow and Head of the Financial Markets and Institutions Unit at CEPS, and Head of Research at ECMI. J. Scott Marcus is Associate Senior Research Fellow at CEPS.