Libya

Located in Northern Africa; Libya is bordered by the Mediterranean Sea. The sovereign state is comprised of three historical regions. These are  Tripolitania, Fezzan and Cyrenaica. Libya is the 16th largest country worldwide and Africa’s fourth largest by population. Tripoli is the capital and largest city. Benghazi, in Eastern Libya, is the second largest. Italy invaded and inhabited Libya from 1911 to 1943 and finally became an independent kingdom in 1951.

Libya belongs to international groups including the  Arab League, the OIC and OPEC, and the United Nations. Libya’s legislature is a unicameral Council of Deputies. The former 200-seat legislature was the General National Congress. In 2012, parliamentary elections took place in Libya, which were the first free elections held in over 40 years in the country.

The Libyan economy is fueled by oil and gas exports and has struggled in the past few years as oil prices decrease.  The instability has helped create a shadow economy which contributes to the economy’s destabilization, inflation, and the weakness of the Libyan currency, the dinar.  Many governmental services are erratic, with power outages common due to a lack of fuel for power generation.  Living conditions in general have been in decline since 2011.

Islam is the primary religion in the country, with nearly 96 percent of inhabitants belonging to the religious denomination, and the Holy Quran is designated as the law of the society under the Proclamation of People's Authority. Egyptian code and precedent serve as the basis for the Libyan judiciary. The Libyan government is largely in transition and the court system is currently in flux.

Visitors to the National Law Review will find the latest content and news stories about Libya online. Cryptocurrency, international affairs, immigration, travel bans, and human rights issues, are among the topics visitors can read about online. News stories are updated regularly.

 

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Feb
12
2018
The Hague System for the Registration of International Design Rights Welcomes Russia Sterne, Kessler, Goldstein & Fox P.L.L.C.
Oct
3
2014
Investors in Africa Benefit from Regional Trading Blocs McDermott Will & Emery
Nov
13
2014
Common Market for Eastern and Southern Africa (COMESA) Merger Assessment Guidelines Clarify Jurisdictional Test and Notification Requirements McDermott Will & Emery
Feb
3
2017
What You Need to Know About President Trump’s Executive Order on Immigration Issues McDermott Will & Emery
Feb
18
2020
Weekly IRS Roundup February 10 – 14, 2020 McDermott Will & Emery
Oct
3
2017
Breaking News: President Trump Imposes Travel Restrictions against North Korea, Chad, and Venezuela and Removes Restrictions against Sudan; United States Supreme Court Cancels Oral Arguments in Pending Travel Ban Case Hunton Andrews Kurth
Mar
10
2017
President Trump Issues Revised Executive Order Regarding Travel Suspension Hunton Andrews Kurth
Mar
7
2017
Revised Travel Ban Issued March 6, 2017 Vedder Price
Oct
3
2017
Travel Ban, Take 3 Womble Bond Dickinson (US) LLP
Mar
6
2017
UPDATE March 6, 2017: President Trump’s Latest Immigration Executive Order Dinsmore & Shohl LLP
Jan
30
2017
President Trump’s Executive Order – Impact of the “Protecting the Nation from Terrorist Attacks by Foreign Nationals” on International Travel Dinsmore & Shohl LLP
Feb
2
2017
February 2, 2017 Travel Advisory and Immigration Update Sheppard, Mullin, Richter & Hampton LLP
Mar
18
2011
New Sanctions Block Continuing Performance Of Libyan Government Contracts In Addition To Targeting Col. Qadhafi's Assets Sheppard, Mullin, Richter & Hampton LLP
Jul
19
2011
Trading Up: Newly Implemented North Korea and Libya Sanctions Sheppard, Mullin, Richter & Hampton LLP
Sep
19
2011
OFAC Settles Alleged Sanctions Violations for $88.3 million Sheppard, Mullin, Richter & Hampton LLP
Jul
28
2021
Nota Bene Episode 136: Africa Q3 Check In: Diligent Competition Investigations and the Digitization of the Economy with Andreas Stargard [Podcast] Sheppard, Mullin, Richter & Hampton LLP
Jun
11
2013
State Department Issues Nuts and Bolts Guidance on Libya Sheppard, Mullin, Richter & Hampton LLP
 

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