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Tuesday, 24 January 2012

Libya in business, just not business as usual - The National

Businesses of all kinds should be looking at the potential of Libya and considering whether and how to enter the market.

A large part of that decision will be based on how business-friendly the laws of Libya are and how much protection investors can expect.

The legal system of Libya is reasonably well developed and includes detailed laws that are, for commercial and financial matters, largely derived from the French and Egyptian civil codes. Sharia is very rarely invoked in commercial matters, but does prohibit gambling and alcohol.