In recent years the lack of a suitable legal and financial framework in Libya has deterred foreign investors. The Libyan government has now demonstrated its commitment to reform and to attracting foreign investment to increase oil production capacity and to diversify the economy. Initiatives such as Law No 5 have encouraged investment in the agricultural, services, healthcare, and industrial sectors and Law No 7 in the tourism sector. Tthis important report provides an authoritative update on the commercial law, and on banking and accounting practices in Libya.
About the Author
Frere Cholmeley Eversheds - is the Paris branch of the global law firm Eversheds. It is a highly regarded provider of international legal advice and assistance. Its services are often provided in collaboration with associated firms who share its values, and a network of 'best friend' and preferred law firms across the globe with whom it has worked previously. In this way it combines invaluable local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.