This paper will analyse the tensions between the harmonisation of law and the maintenance of sovereignty of member states in federal systems. The paper will focus on Australia and the European Union and the pressures faced, in light of the impact of globalisation, to resolve the issues that have plagued both jurisdictions for decades in achieving a satisfactory and sustainable model for corporate regulation on a federal level.
This article was originally published as Marychurch, JM, Co-operation or Sovereignty? Achieving federalisation of Corporate Regulation, Macquarie Journal of Business Law, 1, 2004, 59-71. Original journal available here.