ABSTRACT
Business is becoming increasingly globalised.1 The causes are undoubtedly manifold but important drivers include liberalisation of the international trading system,2 creation of the World Trade Organization (WTO) in 1994 and its various agreements,3 advances in communications and information technology and substantial reductions in the costs of transportation.4 Law and policy, by way of contrast, remain predominantly domestic or state based. This creates tensions between the practice of business and its regulation. The rapid growth of commercial globalisation has emphasised the tension between conflicting national economic policies.
