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Libya: A Guide to Commercial Law, Banking Law and Accounting
- Format:
- Book
- Author/Creator:
- Cholmeley, Frere, Author.
- Series:
- Business & Investment Review
- Language:
- English
- Subjects (All):
- Commercial law.
- Banking law.
- Physical Description:
- 1 online resource (143 pages)
- Edition:
- 1st ed.
- Place of Publication:
- Edinburgh : Blue Ibex Ltd. Jan. 2010 La Vergne : MyiLibrary [Distributor]
- [Place of publication not identified] GMB Publishing Limited Imprint 2008
- Language Note:
- English
- Summary:
- Libya: A Guide to Commercial Law, Banking Law and Accounting is an in-depth progress report on legal reforms instituted in Libya since the lifting of the trade embargo. The Libyan government has now demonstrated its commitment to reform and to attracting foreign investment to increase oil production capacity and to diversify the economy. This authoritative guide to the laws and practices governing business engagement with Libya, describes the current legal, banking and accounting framework and assesses the potential risks for foreign investors in Libya and is written by international lawyers, bankers and accountants with hands-on local knowledge.
- Contents:
- Intro
- Title
- Copyright
- Contents
- About the Authors
- Introduction and General Overview
- Institutions
- The Constitution
- The Declaration on the Establishment of the Authority of the People - the Jamahiriya
- The Legislature
- The Executive
- The Judiciary
- Overview of the Libyan Legal System
- Constitution
- Human Rights Legislation
- Codified Legislation
- Other Significant Legislation
- The Court System and Arbitration
- The Court System
- Arbitration
- Chapter 1: Establishing the Appropriate Corporate Entity to Conduct Business in Libya
- Introduction
- Establishing a Libyan Company
- Relevant Legislation
- Corporate Forms
- Consequences of the Recent Legislation
- Participation by Libyan Public Entities
- Procedure for Establishing a Libyan Joint Venture Company
- Other Registrations
- Registration of a Libyan Branch of a Foreign Company
- General Principles for the Registration of a Branch
- Documentation and Procedures for Opening a Branch of a Foreign Company in Libya
- Management
- Establishing a Representative Office
- Other Miscellaneous Issues
- Visas and Work Permits
- Customs and Import Regulations
- Leasing
- Use of the Arabic Language
- Chapter 2: Foreign Investment
- The Foreign Investment Law and the Tourism Law
- Scope of Application
- Incentives
- Applications
- New Developments
- Restructuring of Foreign Investment Support Services
- Investment Procedure
- The Transit Trade and Free Zones Law
- Chapter 3: The Law of Contracts
- General Principles
- The Formation of Contracts
- Effects of a Contract
- Non-Performance of a Contract
- Assessment of Damages
- Commercial Contracts
- Commercial Agency
- Administrative Contracts
- Chapter 4: Employment Law
- The Labour Law
- General Provisions
- Employment of National Personnel.
- Employment of Foreign Personnel
- Training Contracts
- The Social Security Law
- Health and Safety
- Chapter 5: Environmental Regulations
- General
- Atmospheric Pollutants
- Protection of the Sea and Marine Resources
- Food Hygiene
- Protection of Nature
- Penalties
- Prevention of Pollution of the Sea by Oil
- Public Cleanliness
- Protection of Water Resources
- Petroleum-Related Operations
- Protection of Archaeological Sites
- Chapter 6: Intellectual Property
- Trademarks
- Rights of Authors
- Patents
- Membership of International Conventions
- Chapter 7: Insurance Law
- Corporate Requirements
- Authorized Insurance Activities
- Licensing
- Chapter 8: Banking Law
- Operations in the Banking Sector
- Libyan Banks
- Foreign Banks
- Currency and Exchange Control
- Foreign Currency and Libyan Dinar Accounts
- Money Laundering
- Chapter 9: Taxation, Accounts and Auditing
- Taxation
- Company Income Tax (Tax on Profits)
- Personal Taxes
- Jihad Tax
- INAS (Social security contributions)
- Stamp Duty
- Customs Duties
- Books, Records and Accounts
- Statutory Books
- Accounting
- Financial Statements
- Audit Requirements
- Accounting Profession
- Chapter 10: The Legal and Contractual Framework of the Libyan Oil Sector
- Administrative structure of the oil sector
- The General People's Committee (Council of Ministers)
- The Supreme Council for Oil and Gas
- The National Oil Corporation
- The Legal Framework
- The Petroleum Law
- The Petroleum Regulations
- Contracting models and contractual terms
- The Deed of Concession
- The Participation Agreement
- Joint Venture Agreements
- Exploration and production-sharing agreements
- EPSA III
- Appendix
- Summary of Three Bidding Rounds
- Libya index.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on publisher supplied metadata and other sources.
- Part of the metadata in this record was created by AI, based on the text of the resource.
- ISBN:
- 1-281-37631-0
- 9786611376314
- 1-84673-057-0
- OCLC:
- 476204109
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