Well, we've proven the 27 smaller, competing bureaucracies are creating plenty of their own issues. It's not like the US where 50 states (and yet more territories) actually compete on simplifying corporate law and offering strategic advantages.
Corporate law is inherently somewhat bureaucratic; better simplify it and unify it if proven necessary.
Bureaucracies are not in competition though. They are intended monopolies. For a prospective company they are investment options, larger countries usually have larger bureaucracies but also larger labor markets.
Well, this part of bureaucracy tries to provide a single bureaucracy instead of 27 different ones.
The second such attempt - there's also Societas Europaea.
I think the question really is: What's better? One giant bureaucracy or 27 smaller (and competing) bureaucracies?
Well, we've proven the 27 smaller, competing bureaucracies are creating plenty of their own issues. It's not like the US where 50 states (and yet more territories) actually compete on simplifying corporate law and offering strategic advantages.
Corporate law is inherently somewhat bureaucratic; better simplify it and unify it if proven necessary.
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Bureaucracies are not in competition though. They are intended monopolies. For a prospective company they are investment options, larger countries usually have larger bureaucracies but also larger labor markets.