The famous physicist John Archibald Wheeler proposed that there were no fundamental laws and that eventually, at very high energies, they would be broken. He proposed this conjecture when it was proposed that the law of baryon number conservation does not hold at high energies. Therefore, he proposed that all conservation laws would be broken in such conditions and then he ultimately concluded that all laws of physics would also be broken and could potentially change 1, 2, 3.
There is also this question in Physics Stack Exchange 4, in which one of the answers points out that all laws of physics can be "rewritten" as some kind of conservation law. Therefore, following this logic, if there would be no conservation laws, then there would be no laws of physics at all.
And finally, in this Q&A site 5, someone asked what would the universe look like without conservation laws. We can read the following answer:
The key thing to know about conservation laws is Noether's theorem. Noether's theorem tells us that conservation laws are linked to symmetries. There is a one-to-one correspondence between conservation laws and symmetries. Conservation of energy is linked to time translational symmetry. Time translational symmetry means the laws of physics don't change over time. If you do the same experiment five minutes later you'll get the same result, just five minutes later. In any universe in which that is true, energy will be conserved. Conservation of momentum is linked to space translational symmetry. If I do the same experiment five metres to the left then I'll get the same result, just five metres to the left. Any universe where that is true will have conservation of momentum. You can do the same thing with, say, conservation of angular momentum and rotational symmetry. Once you get into quantum mechanics things get a little more complicated, but the same basic idea holds — conservation of electric charge, say, has a corresponding symmetry. So, in your universe where there are no conservation laws there are also no symmetries. That's going to be really problematic. The laws of physics will have to depend on your absolute location in space and time, so there is no relativity (even Galilean relativity doesn't hold). The results of an experiment will depend on which laboratory you do it in and on what day. If there were intelligent life in such a universe, trying to figure out the laws of physics would be an absolute nightmare for them. I don't think any complex processes could exist in such a universe, though. The laws of physics change as you move through space and time, so a process that worked in one time and place wouldn't work if you moved or just waited a few minutes. I think it is a non-starter.
If all of this is true, then, would this mean that in a hypothetical imaginary universe without conservation laws of any kind, there would be no fundamental laws of physics, but instead they would vary all the time? Or could we have laws of physics even without laws of conservation nevertheless?...