Diffusion of Regulatory Dualism: Making Legal Transplants Feasible and its Impact on Legal Convergence

52 Pages Posted: 5 Jul 2010 Last revised: 9 Aug 2010

See all articles by Mark T. Kawakami

Mark T. Kawakami

Maastricht University Faculty of Law; Maastricht University

Date Written: June 15, 2010

Abstract

The subject of legal transplants, particularly as it pertains to corporate governance and capital market regulations, is comprised largely of skeptics who doubt the practicality or the effectiveness of a country simply emulating the laws of another. This debate has spilled over to the subject of legal convergence and whether legal transplants contribute to the harmonization process. This thesis will first provide a brief overview of the problems and existing solutions associated with transplanting capital market regulations. Then, it will proceed to offer a different approach to transplanting capital market regulations by incorporating the concept of regulatory dualism. This approach will likely increase efficiency and improve the likelihood of successfully transplanting a law across borders. The thesis will conclude by arguing that this proposed method will steadily contribute to the harmonization of laws, without sacrificing the essence of each country‘s history or diluting the impact of regulatory competition.

Keywords: Legal Transplants, Regulatory Dualism, Legal Convergence, Legal Harmonization, Capital Market Regulation

Suggested Citation

Kawakami, Mark T., Diffusion of Regulatory Dualism: Making Legal Transplants Feasible and its Impact on Legal Convergence (June 15, 2010). Available at SSRN: https://ssrn.com/abstract=1633892 or http://dx.doi.org/10.2139/ssrn.1633892

Mark T. Kawakami (Contact Author)

Maastricht University Faculty of Law ( email )

Bouillonstraat 1-3
Maastricht, 6211 LH
Netherlands
630765612 (Phone)

HOME PAGE: http://https://www.maastrichtuniversity.nl/mark.kawakami

Maastricht University ( email )

Bouillonstraat 1-3
Maastricht, 6211 LH
Netherlands
630765612 (Phone)

HOME PAGE: http://https://www.maastrichtuniversity.nl/mark.kawakami

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