After the fall of Gaddafi's regime, foreign companies which had performed works in Libya rushed to the international tribunals seeking compensation.

Even though Libya has not ratified the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards, arbitration awards issued by arbitrators of foreign jurisdictions can be enforced in Libya.

Under the Libyan Civil Code, a Libyan tribunal is empowered to adjust or rebalance a civil contract to "restore its equilibrium" as a result of extraordinary or unforeseen events...

Like any other government, the Libyan government, and its entities, purchases from the private sector, goods, services and works, such as construction and maintenance service.

Libya Investment Libya is not only notorious for being one of the most stringent Middle East countries in enacting oil regulations...

Despite the current security problems, the Libyan government, due to its efforts to rebuild the New Libya, has situated the nation at the apex of a widely-anticipated economic boom...

It is a known fact that the Libyan people are still struggling to establish a strong central government in order to fulfill the hopes and aspirations that inspired the revolution of February 17, 2011.

The Petroleum Law No. 25 of 1955 is considered the authoritative legal text for the Libyan oil industry.

During the twentieth century, Libya enjoyed only nineteen years of peace. Of only eight of the nineteen years, Libya enjoyed the fruits of its oil production.

Tribunals, whether national or international, exercise discretion when awarding lost-profits claims since such claims involve complex economic and financial data.

Violations of human rights are committed by all countries with varying degrees of severity.