Business Law

The agency is set to begin accepting applications for new trademarks from next month onwards.
Libya's Minister of Economy says the draft of a new Libyan companies law has been sent to the national assembly for approval.
A committee tasked with drafting new legislation governing investment in Libya's oil and gas sector has held its first meeting.
A representative from US-based law firm Latham and Watkins has held a meeting with the head of Libya's investment and privatisation authority.
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.
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.
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.
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.
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.
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).
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.
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.
The Ministry of Economy and Trade has published a new law governing joint ventures and foreign company branch offices in Libya.
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.
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.