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 and hardship in the contractual context. The Libyan Civil Code is described as addressing force majeure and hardship, and Article 147 is specifically referenced in
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 expertise for strategic projects that contribute to advancing economic and social development, Cabinet Decision No. (507) of 2025 establishes the legislative and regulatory framework for
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 more visible than ever. This paper argues that globalization exposes both the strengths and the weaknesses of Libya’s hybrid legal system. Libya’s legal framework is
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 the cost of judiciary procedures