Having fulfilled the Law before He died, Jesus rose from the dead a new creation, that is, the risen body of Christ, the church. And all who are a part of His body are set free from the commandments of the Law.
The church is a spiritual body that lives and walks in the Spirit of Christ, the new creation (first the natural, then the spiritual). All who walk by the flesh of the old creation are still subject to the Law, and those who walk by the Spirit of the new creation are not subject to the Law, for the Law is fulfilled in them.
All who believe in Jesus were crucified with Him and are therefore also dead to the Law. Having been buried with Him through baptism, they were raised up with Him into newness of life in the Spirit, and are subject to a new law, the law of the Spirit of life in Christ Jesus, Romans 8:2. The old Law is now fulfilled in them, even though they are no longer subject to it.
In fulfilling the Law and dying to it, Jesus broke down the barrier between Jews and Gentiles, for because of Israel’s rejection of Jesus, Gentiles are now invited to become partakers of the promises of God, by being grafted into Israel’s olive tree, and partake of its rich root.
Jesus has broken down the dividing wall between Jews and Gentiles by His life of total obedience to God and His sacrifice on the cross, bringing an end to the Law through His death, and subsequently inviting peoples of all nations to the newness of life in His risen body, the church.
Thus, all who walk by the flesh are still subject to the Law, because the mind set on the flesh is hostile toward God; all who walk by the Spirit are set free from the Law, because the Law is fulfilled in them.
Jon David Banks, God’s most unworthy servant