On Wednesday 21 May, the European Commission presented its fourth ‘omnibus’ simplification text. It primarily concerns ‘small midcaps’ (SMCs) with up to 750 employees and €150 million in turnover. These companies will now receive the same treatment as SMEs with fewer than 250 employees, at least within the framework of eight European laws. Some 38,000 companies are affected, according to the Commission, which intends to help them grow and export their products internationally.
In...