Law of Libya

The law of Libya is characterized by its highly changeable nature, because notably of:

·         Libya's switch to a market economy

·         Libya's will of privatization and opening to the foreign capital

·         Libya's future free trade agreements with the European community

·         Libya's pending membership of the WTO

·         An increase impact of the globalisation on Libyan economy.

These events have led to appropriate and rapid revision and adaptation in all areas of the Libyan law. These changes in Libyan law are still underway, and will continue for several years.

These pages quote from and summarize our firm's publications in French, English, American and German legal journals on Libyan law, in order to review recent changes in the laws and regulations of Libya, which could have a significant or specific impact on the business environment in this country or pose challenges to negotiators.