Tag Archives | Joint Ventures

Some Foreign JVs Get Temporary Reprieve from New Law

Foreign joint venture companies that were registered before Decree 207 of 2012, which compelled the reduction of their equity holding to a maximum of 49 percent by this month, have been given a temoorary reprieve. Libya Herald reports that under the Ministry of the Economy’s Decree 22, an extension has been granted for JVs that […]

Investors must use caution in Libya

As the elections in Libya approach, Mohamed Karbal, the managing director of the Karbal & Co law firm, explains the legal minefield of investing in the country. There are four ways for foreign investors to conduct business in Libya: establishing a joint venture; opening a branch office; opening a representative office; and through direct investment. […]