Force Majeure and Unforeseen Circumstances in Libyan Contracts
Contracts are generally intended to be performed as agreed. However, exceptional events may interfere with performance. Libyan civil law recognizes the relevance of force majeure
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The Libyan Entry Strategy: Navigating the Choice Between Decree 207 and Investment Law No. 9
Introduction: Libya continues to represent a strategically important market for foreign investors and international companies seeking opportunities in North Africa. Despite periods of political and
Strategic Shareholder Arrangements in Libyan Companies: Enhancing Stability and Long-Term Value
In Libya’s evolving commercial landscape, many companies are founded and operated by multiple shareholders, whether through family-owned enterprises, joint ventures, or investment driven structures. While
Commentary on Decision No. 507 of 2025 Regarding the Issuance of the Regulation Governing Public-Private Partnership Contracts
Within the framework of the State’s endeavour to develop infrastructure and improve the quality of public services, and with the aim of attracting private sector
What Globalization Reveals About Libya’s legal System
In an era of globalization, where trade, finance, and information flow across borders at unprecedented speed, the weaknesses and strengths of national legal systems are
Tumi’s Law Firm: Strengthening Libya’s Global Legal Profile with Consecutive Recognition in Leading International Guides
Tumi’s Law Firm has once again been acclaimed on the international stage, securing recognition in two of the world’s most prestigious legal publications: the Project Finance
Foreign Investment in Libya: Understanding Law No.9 of 2010 and Its Executive Framework in Regional Context
Libya is endowed with vast natural resources and a strategic location at the crossroads of Africa, Europe and the Middle East. These advantages and the
State-Owned Enterprises in Enforcement: A Critical Analysis of Olin Holdings v. Libya
Abstract In a decision with concerning implications for sovereign immunity and enforcement of investor-state arbitral awards, the Paris Court of Appeal affirmed that Libya’s National
Leveraging Artificial Intelligence to Modernise Libya’s Archive-Centric Judiciary
1. Executive Summary Libya’s courts remain heavily dependent on paper archives, carbon-copy pleadings, and hand-written registers. The resulting delays, loss of files, and evidentiary gaps
Libya’s Renewable Energy Journey
Libya’s Renewable Energy Journey: Comparative Lessons from Egypt and Saudi Arabia As the world shifts toward a cleaner energy future, Libya is stepping up its
New Arbitration Law and the Noted Improvements from terms of Civil and Commercial Proceedings Law
Arbitration is a form of alternative dispute resolution, where parties to a dispute may appoint arbitrators to resolve a matter outside the judiciary. This method
Enforcement of Foreign Judgements and Arbitral Awards in Libya
Foreign judgements are judgements issued by a court or governing body in one jurisdiction against a party in another jurisdiction. The parties to these disputes
Revolutionizing the Libyan Judicial System: A Leap Towards Efficiency and Accessibility
The Libyan judicial system has long been criticized for its inefficiencies, primarily due to its reliance on outdated systems, physical records, and paper-based processes. These
Libya’s Free Trade Zones: Key Legislation and Strategic Opportunities in Benghazi, Tripoli, and Misrata
Libya, with its strategic location at the heart of the Mediterranean, has long been seen as a potential hub for trade between Africa, Europe, and
The Execution and Enforcement of the Arbitration Awards pursuant to the New Libyan Arbitration Law
The Arbitration Law in Libya was enacted under law No. 10 of 2023 which was into force on April, 17, 2023 and creates the procedural
The Difference Between the General Assembly and the Extraordinary General Assembly in Libyan Commercial Law
Under the Libyan Commercial Law, the General Assembly (Ordinary General Assembly) and the Extraordinary General Assembly are conducted for various purposes and are regulated under
Incorporation of Foreign Companies’ Branches and Joint Ventures Companies in Libya
As Libya’s socio-economically stabilizes, many business opportunities are beginning to appear in Libya, which has incentivized foreign companies to start or return to their operations
Libya and Turkey Customs Mechanism Article (003)
Last week, during a meeting at the Turkish Ministry of Commerce in Ankara, Libya and Turkiye and agreed on a new mechanism aimed at realising
Libya Energy Economic Summit Article for LinkedIn
Tumi Law Firm is proud to be attending the Libya Energy & Economic Summit to be held on the 8th and 9th of November 2023
Chambers and Partners Ranking
Our firm proudly has been ranked for another consecutive year as Band 1 Top Tier firm by the esteemed 2023 Chambers Global Guide legal directory.
Careful Reading of the Ministry of Justice’s 11-4-2 Legal Opinion on Foreign Direct Investment (FDI) and Its Implications on the Oil and Gas Investment Industry
Prima facia, the Libyan Ministry of Justice Department’s legal opinion and response to the Deputy Minister of Economy is indeed a reassuring legal piece to
An Outline on the Corporate Code of Conduct
The Ministry of Economy has on 19th of May 2022 issued a new code of conduct to govern the behavior and internal policies of companies and