The flexibility of law and its limits in contemporary business regulation

Mark Fenwick, Stefan Wrbka

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Over the last three decades, the rapid pace of technological change, transformations in the composition of markets and the emergence of global production capacities and service providers have created many new opportunities for business, as well as consumers. Globalization is the new and irreversible economic reality of our age. Clearly these economic changes have contributed to the creation of new pressures on, and expectations of, those fields of law connected to the regulation of business, particularly cross-border business. Lawmakers and regulators have been compelled to respond to the new demands and challenges created by the emergence of a global economy. New expectations of law – in particular, that it be more agile or flexible in regulating the market economy – have prompted law-makers and regulators in multiple jurisdictions to adopt various novel regulatory techniques and legal forms to respond to this challenge.

Original languageEnglish
Title of host publicationFlexibility in Modern Business Law
Subtitle of host publicationA Comparative Assessment
PublisherSpringer Japan
Pages1-12
Number of pages12
ISBN (Electronic)9784431557876
ISBN (Print)9784431557869
DOIs
Publication statusPublished - Jan 1 2016

All Science Journal Classification (ASJC) codes

  • Social Sciences(all)

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  • Cite this

    Fenwick, M., & Wrbka, S. (2016). The flexibility of law and its limits in contemporary business regulation. In Flexibility in Modern Business Law: A Comparative Assessment (pp. 1-12). Springer Japan. https://doi.org/10.1007/978-4-431-55787-6_1