EU Inc (the 28th regime) · 2026/0074(COD)
Opposes the proposal due to insufficient insolvency rules, unclear scope definitions, lack of minimum capital requirements, and incoherent legal basis, urging either a full comprehensive regime or postponement.
Define 'innovative start-up' clearly and unambiguously with precise, enforceable criteria to avoid interpretation doubts and abuse.
Ensure coherence by clarifying the extent to which the regulation displaces national insolvency law, especially regarding director liability and insolvency-specific duties, to avoid divergent case law and legal uncertainty.
Introduce a minimum capital requirement and possibly a deposit to cover minimum insolvency costs to enhance creditor protection and the reputation of the EU Inc. form.
Prevent easy relocation of a company's registered seat to another Member State to avoid stricter insolvency rules and thus reduce forum shopping.
Clarify the legal basis and ensure the regulation does not create incoherence by leaving key insolvency and liability rules to national law, which risks divergent interpretations and undermines harmonization.
Develop a sector-specific insolvency definition and harmonized insolvency filing obligations within the 28th regime to address differences in national insolvency grounds and creditor ranking.
Develop a comprehensive, coherent insolvency regime for the EU Inc., including mandatory involvement of qualified insolvency practitioners, clear insolvency grounds, and exit rules, or postpone the introduction of the 28th regime until this is achieved.
Exclude insolvency grounds that force start-ups and scale-ups prematurely into insolvency procedures, especially regarding over-indebtedness linked to uncertain future financing rounds.
“Ein EU-Rechtsrahmen müsste die dargestellten, regelmäßig länger andauernden Verhältnisse ihrer Finanzierung gesondert in den Blick nehmen.”
VID-StN zum 28. Regime.pdf, page 4
Ensure thorough examination of eligibility for the 28th regime at company formation to prevent misuse and legal uncertainty later in insolvency proceedings.
Address tax treatment and minimum capital requirements to ensure the EU Inc. attracts serious investors and does not become a vehicle for small companies without investment prospects, which would deter serious investors.
“Kommt es dazu, dass die Rechtsform der EU Inc. hingegen in breiterem Umfang für Kleinstunternehmen ohne Kapital und Investitionsperspektive genutzt wird, wie seinerzeit die englische Ltd. nach deren Zulassung in Deutschland, würde die neue Rechtsform anstelle von Attraktivität eher Abschreckungspotential für seriöse Investoren entwickeln.”
VID-Stellungnahme zum 28. Regime_COM (2026) 321.pdf, page 10
On the files they lobby on: “Laufende Vorhaben: - Vorschlag für eine Verordnung des Europäischen Parlaments und des Rates über den gesellschaftsrechtlichen Rahmen des 28.…”
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