LIBYAN OIL CONTRACTS: NEGOTIATING THE FUTURE GENERATION OF EPSA

Libya Prior to the Discovery of Oil During the twentieth century, Libya enjoyed only nineteen years of peace. Of only eight of the nineteen years, Libya enjoyed peace and the fruits of its oil production. In 1951, Libya became the first country to gain independence through a United Nations resolution.  At the time of independence, … Continue reading LIBYAN OIL CONTRACTS: NEGOTIATING THE FUTURE GENERATION OF EPSA

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. The Soviet Union in the later stages of its life provides an … Continue reading LIBYAN INVESTMENT LAW: BEFORE AND AFTER, POLITICAL DEVELOPMENTS AND ECONOMIC POLICIES

LIBYAN INVESTMENT LAW: FOREIGN OIL COMPANIES

Dr. Mohamed Karbal is a New York lawyer and founder of Karbal & Co, a full-service international law firm with offices in Libya and Dubai that serve the needs of businesses and governments in Libya and the United Arab Emirates. Contact: uae@karbal.netWebsite: www.karbal.net Libya is not only notorious of being one of the toughest Middle … Continue reading LIBYAN INVESTMENT LAW: FOREIGN OIL COMPANIES

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

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, leading to a halt in oil exports emanating from certain ports. The political division, instability and … Continue reading THE LATEST LEGAL ROW OVER LIBYAN OIL: PC CLASHES WITH NOC

LIBYAN CONSTRUCTION LAW: CONTRACTOR LIABILITIES

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. Presently, the Libyan deteriorated infrastructure is in total disarray: … Continue reading LIBYAN CONSTRUCTION LAW: CONTRACTOR LIABILITIES

ARREST OF SHIPS IN ACCORDANCE WITH LIBYAN LAW

Dr. Mohamed Karbal is a New York lawyer and founder of Karbal & Co, a full-service international law firm with offices in Libya and Dubai that serve the needs of businesses and governments in Libya and the United Arab Emirates.This article was first published in Libya Business News August 2014 and republished in Marasi News … Continue reading ARREST OF SHIPS IN ACCORDANCE WITH LIBYAN LAW

LIABILITY FOR COLLISIONS UNDER LIBYAN MARITIME LAW

Dr. Mohamed Karbal is a New York lawyer and founder of Karbal & Co, a full-service international law firm with offices in Libya and Dubai that serve the needs of businesses and governments of Libya and the United Arab Emirates. It is a known fact that the Libyan people are still struggling to establish a … Continue reading LIABILITY FOR COLLISIONS UNDER LIBYAN 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 that there were 53 maritime accidents in 2013, … Continue reading LIABILITY FOR COLLISIONS UNDER UAE MARITIME LAW

SHIP FINANCE: STRUCTURING ISLAMIC FINANCE TRANSACTIONS IN THE SHIPPING INDUSTRY OF THE UAE

Islamic finance is a branch of finance that raises capital and provides financial services in compliance with Islamic rules and principles. Islamic finance not only establishes rules for providing financial services, but also legal rules for commercial transactions, such as sales. Seeing as Nasdaq Dubai is the largest exchange for sukuk globally, and since the Dubai … Continue reading SHIP FINANCE: STRUCTURING ISLAMIC FINANCE TRANSACTIONS IN THE SHIPPING INDUSTRY OF THE UAE

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 of a new financial regulatory agency may restore investor confidence and increase liquidity on the … Continue reading LIBYA’S NEW FINANCIAL REGULATORY AGENCY: CAN IT BOOST TRADING ON THE LIBYAN STOCK MARKET?