Corporate law in the EU

The Defining Tension has an update on the EU's plans for future development of what Europeans call company law (and we call corporate law). To my mind, the two interesting questions are (1) whether the EU will eventually abandon the real seat doctrine and thus allow the development of competitive federalism such as we have here in the US (which raises the question of which country would become the EU's Delaware) and (2) the role of codetermination in harmonization of EU law. As regular readers know, I'm a big fan of competitive federalism and a big skeptic of codetermination.