Notwithstanding that there are different provisions in several laws that govern Arbitration in Libya – such as Law No. 25 of 1955 on the Petroleum Law, Law No. 9 of 2010 on Investment Promotion, and Law No. 12 of 2010 on Labor Relations – the main rules regulating arbitration in Libya are provided in section IV, Articles (739 -771) of the Civil and Commercial Procedure Code of 1954.
Since then, rules on arbitration have not been developed until the promulgation of a Bill on arbitration law on April 17, 2023. The law has yet to be published. It contains 100 articles regulating commercial arbitration in Libya. قانون رقم 10 لسنة 2023 م بشأن التحكيم التجاري الليبي (lawsociety.ly).
The Bill dates to 2008-2009 when the Libyan Ministry of Economy initiated a proposal on an arbitration law that no progress was ever made on. Bearing in mind that Libya still needs to join the New York Convention on the Recognition and Enforcement of Foreign ArbitralAwards 1958and the Washington Convention on International Commercial Arbitration 1965.
A review of the Bill signifies the following salient points: Read more
