THE LATEST LEGAL ROW OVER LIBYAN OIL: PC CLASHES WITH NOC

The Latest Legal Row over Libyan Oil: PC Clashes with NOC By Dr. Mohamed Karbal Since the fall of Gaddafi in 2011, the Libyan oil industry has suffered a loss through the closure of its oil ports and the fall in oil production.  Various armed factions have taken turns in controlling the oil ports, leadingContinue reading “THE LATEST LEGAL ROW OVER LIBYAN OIL: PC CLASHES WITH NOC”

LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW

LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW Dr. Mohamed Karbal It is a known fact that the Libyan people are still struggling to establish a strong central government in order to fulfill the hopes and aspirations that inspired the revolution of February 17, 2011. At present, there are two parliaments and two governments claiming toContinue reading “LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW”

LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW

Liability for Collisions under Libyan Maritime Law By Dr. Mohamed Karbal It is a known fact that the Libyan people are still struggling to establish a strong central government in order to fulfill the hopes and aspirations that inspired the revolution of February 17, 2011. At present, there are two parliaments and two governments claimingContinue reading “LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW”

LIBYAN CONSTRUCTION LAW: CONTRACTOR LIABILITIES

Libyan Construction Law: Contractor Liabilities By Dr. Mohamed Karbal Prior to the upheaval of the February 2011 revolution, Libya was already contending with various economic problems. Forty years of the Gaddafi regime’s irrational strategic planning and an apathetic mindset left Libya among the least developed countries. Hospitals taking 30 years for completion was common practice.Continue reading “LIBYAN CONSTRUCTION LAW: CONTRACTOR LIABILITIES”

LIBYAN INVESTMENT LAW: FOREIGN OIL COMPANIES

LIBYAN INVESTMENT LAW: FOREIGN OIL COMPANIES By Dr. Mohamed Karbal Libya is not only notorious of being one of the toughest Middle East countries in enacting oil regulations but also is known for its rigorous negotiation tactics. The Libyan Petroleum Law no. 25 of 1955 divided concession areas into small exploration sections not exceeding 75,000Continue reading “LIBYAN INVESTMENT LAW: FOREIGN OIL COMPANIES”

Rebalancing Administrative Contracts under Libyan Law

Rebalancing Administrative Contracts under Libyan Law by Dr. Mohamed Karbal Dr. Mohamed Karbal is licensed to practice law in Libya, New York and Washington D.C. and served as an expert witness on Libyan law for Tekfen-TML Joint Venture v. Man-made River. Under the Libyan Civil Code, a Libyan tribunal is empowered to adjust or rebalanceContinue reading “Rebalancing Administrative Contracts under Libyan Law”

Liability for Collisions under UAE Maritime Law

Liability for Collisions under UAE Maritime Law Hosting one of the world’s largest ports, Dubai has rapidly expanded to become a leading maritime hub. As an expected consequence of the growth of Dubai’s maritime industry, the number of marine accidents has steadily increased over the past few years, as Dubai Port police have reported thatContinue reading “Liability for Collisions under UAE Maritime Law”

Arrest of Ships in Accordance with Libyan Law

Arrest of Ships in Accordance with Libyan Law By Dr. Mohamed Karbal Libyan SeaportsDespite the current security problems, the Libyan government due to its efforts to rebuild the New Libya, has situated the nation at the apex of a widely-anticipated economic boom of development in all sectors. Prior to the revolution of 2011, Libya’s exportsContinue reading “Arrest of Ships in Accordance with Libyan Law”

Libyan Investment Law: Before and After, Political developments and Economic Policies

Libyan Investment Law: Before and After, Political developments and Economic Policies It has been proven that political development is a prerequisite for economic development. In other words, to stabilize a national economy, economic growth must be accompanied by political maturity. Political maturity in turn will attract external capital which will stimulate the country’s development. TheContinue reading “Libyan Investment Law: Before and After, Political developments and Economic Policies”

Libya’s new Financial Regulatory Agency: Can it boost trading on the Libyan Stock Market?

Libya’s new Financial Regulatory Agency: Can it boost trading on the Libyan Stock Market? By Dr. Mohamed Karbal, Managing Partner at Karbal & Co, and Nabilah Karbal, Associate at Karbal & Co  Libya’s aim to diversify its economic activity by strengthening its financial sector and encouraging investments may prove a success, as the creation ofContinue reading “Libya’s new Financial Regulatory Agency: Can it boost trading on the Libyan Stock Market?”