Business Law

27-02-2013
An English-language translation, provided by Tumi Law Firm, of Decision 207 of 2012 concerning the participation of foreigners in joint-venture companies, and branches and representative offices of foreign companies in Libya.
28-01-2013
The government is understood to be drafting a replacement for last year’s Decision 207, which provides the legal framework for foreign companies in Libya, with the new rules expected to ease certain restrictions.
15-01-2013
The Libyan government has filed a lawsuit claiming that it was defrauded of $37m (LD46m), according to press reports, in the latest round of a long-running dispute.
23-08-2012
According to a recent government decision published by a local newspaper, the Libyan government has assigned members of the Lebanese Bar Association to identity and recover state-owned Libyan assets in Lebanon.
09-08-2012
The Ministry of Economy has published new legislation covering the activities of foreign companies in Libya, limiting foreign shareholdings in joint ventures to 49% and specifying restricted sectors.
11-07-2012
The UK-based law firm says it will open an office in Tripoli next month, headed by the former general counsel of the Libyan Investment Authority (LIA).
07-06-2012
According to the Deputy Minister of Labour, Mohamed al-Megherbi, a committee is currently drafting a new labour law which will be presented to Libya's future constituent assembly later in the year.
20-05-2012
A recent law passed by Libya's Ministry of Economy and Trade places restrictions on the size of construction contracts open to joint venture companies between Libyan and foreign firms.
19-05-2012
The Ministry of Economy and Trade has published a new law governing joint ventures and foreign company branch offices in Libya.
19-05-2012
The Central Bank of Libya (CBL) has frozen the assets of some 330 companies and individuals pending investigation into their business dealings prior to 2011.
01-11-2010
Secretary of the General People’s Committee Al Baghdadi Ali al Mahmoudi announced on 3 November that foreign investors would only be allowed to participate in Libyan projects in the form of a joint venture with a Libyan partner.