According to a recent government decision published by a local newspaper, the Libyan government has assigned members of the Lebanese Bar Association to identity and recover state-owned Libyan assets in Lebanon.

The Ministry of Economy has published new legislation covering the activities of foreign companies in Libya, limiting foreign shareholdings in joint ventures to 49% and specifying restricted sectors.

The UK-based law firm says it will open an office in Tripoli next month, headed by the former general counsel of the Libyan Investment Authority (LIA).

According to the Deputy Minister of Labour, Mohamed al-Megherbi, a committee is currently drafting a new labour law which will be presented to Libya's future constituent assembly later in the year.

A recent law passed by Libya's Ministry of Economy and Trade places restrictions on the size of construction contracts open to joint venture companies between Libyan and foreign firms.

The Ministry of Economy and Trade has published a new law governing joint ventures and foreign company branch offices in Libya.

The Central Bank of Libya (CBL) has frozen the assets of some 330 companies and individuals pending investigation into their business dealings prior to 2011.

Secretary of the General People’s Committee Al Baghdadi Ali al Mahmoudi announced on 3 November that foreign investors would only be allowed to participate in Libyan projects in the form of a joint venture with a Libyan partner.