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