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 has become highly favorable worldwide as it provides a more efficient and speedy resolution, especially for businesses looking to cut
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 may experience challenges in retaining their rights and exploiting the prospects awarded to them when faced with the barrier of
The Libyan judicial system has long been criticized for its inefficiencies, primarily due to its reliance on outdated systems, physical records, and paper-based processes.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 inefficiencies have led to delays, increased costs, and a lack of transparency, which have undermined public trust in the legal
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 Middle East. In recent years, the country has taken steps to realize this potential through the establishment of Free
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 regimes for enforcing arbitration awards in Libya. This law is based on the UNCITRAL model law and has been adopted
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 different sets of rules and regulations. The following is a more detailed discussion as to how the two differ from
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 in Libya. In order for foreign companies to successfully and smoothly operate in the Libyan Jurisdiction especially due to bureaucratic
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 the customs agreement between the two nations from 2014. The customs agreement will grow the efficiency of customs procedures not
Tumi Law Firm is proud to be attending the Libya Energy & Economic Summit to be held on the 8th and 9th of November 2023 at the Rixos Convention Centre in Tripoli, Libya. The Summit will have an immense focus on developing a clear agenda
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. We are also delighted with Dr. Tumi’s 22nd ranking achievement in Band 1 for ranked lawyers, in addition to one