Table of Contents

Chapter 1: Introduction - Institutions; Overview of the Libyan legal system; The Court system and arbitration Chapter 2: Establishing a Presence -Incorporation of a company; Creation of a branch, Creation of a representative office; Joint ventures; Advantages and disadvantages of each option; Visas and work permits; Customs and import regulations; Leasing office premises; Use of Arabic language Chapter 3: Foreign Investment - Law No. 5; Law No. 7 (scope, exemptions and other advantages); Free zones; Petroleum sector Chapter 4: The Law of Contracts -General principles; Commercial agency; Administrative contracts Chapter 5: Employment Law - Libyan personnel; Foreign personnel; Social security; Health and safety Chapter 6: Environmental Regulations; Chapter 7: Intellectual Property - Trademarks law; Membership of international conventions Chapter 8: Insurance Law; Chapter 9: Banking Law - Onshore and offshore bank accounts; Foreign currency accounts; Exchange controls; Status of foreign banks Chapter 10: Taxation, Accounts and Auditing -- Taxation (personal and company); Accounts (standards, book-keeping requirements); Auditing (standards, requirements) Chapter 11: The Petroleum Sector - Petroleum Law and Regulations; The role of NOC; EPSA-IV

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.