We regularly advise on the establishment and structuring of market entry vehicles, such as joint venture companies or branch offices, as well as market exit options. Furthermore, we can assist in the day-to-day corporate law aspects of running a Libyan business.
We have acted for a range of private international clients, as well as domestic and government run enterprises. Typically, we advise on the Libyan law aspects of shareholder agreements, joint venture agreements, mergers and acquisitions as well as the establishment and licencing of corporate vehicles required by local laws. We have also acted on the winding up of such vehicles.
Additionally, we have the ability to advise in relation to day-to-day issues such as employment law matters, customs laws and local banking and foreign exchange control regulations.
Highlights of our experience include
Marathon Oil Corporation on the US$450m sale of its stake in the Wahda oil field to TOTAL SA
A major international oil services company in respect of certain issues arising from Libyan customs laws and practices.
A major international oil services company in respect of the sale of its stake and assets in a Libyan joint venture company.
A major international engineering firm in respect of certain issues relating to force majeure, settlement of an existing contract and entering into a new contract and tax issues.
A major international currency house on its successful bid for the design and manufacture of the first post-Gaddafi Libyan banknotes.
A major international medical services company in respect of launching its activities in Libya and incorporating a legal presence.