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Significant Good News for the Foreign Investment Regime in Libya

This week saw significant good news for the foreign investment regime in Libya: a Ministry of Justice legal opinion confirmed that foreign investors may own up to 100% of projects in Libya (except in the oil & gas sector), and the Privatization Board resumed normal operations. On 23rd January 2023, the Legal Department of the Ministry of Justice issued a legal opinion clarifying the scope of Law No. 9 of 2010 on the Promotion of Investment pertaining to permitted investment structures for foreign investors in Libya. This legal opinion is highly significant for

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