Ministry of Economy in the interim government will improve the investment climate, facilitate investment services and guarantees and attract investors to participate in proposing and amending legislation related to investment and creating a fair and stimulating environment for the private sector to participate in projects and public services.
Accordingly, the Ministry of Economy of the Interim Government intends to hold a workshop entitled “
“Evaluation of the Libyan Investment Law and its Executive Regulations (Reality and Challenges)”.
Objectives of the workshop:
1. Evaluation of investment law according to the general provisions contained therein as follows:
– Investment in the framework of the general policies of the State and the objectives of economic and social development.
– Localization of knowledge and technology in the Libyan economy.
– Investment and rehabilitation of economic units to achieve spatial development.
– Investment and diversification of sources of income.
– Organizational Unit for Investment Management.
– Investment plans, privatization and preparation of comprehensive investment maps.
– Unified security services, study of investment legislation.
– Partnership between the public and private sectors.
– Factors that contribute to creating an attractive investment environment.
2. Review the current status of the institutional framework for investment in the Libyan state through the participation of the entities and organizational units implementing the investment law.
3. To highlight the challenges facing investment legislation, by presenting the most important obstacles.
4. Presenting modern models of contracts and investment agreements by reviewing the modern principles governing these investment contracts in Libyan legislation and comparative legislation.
5. To highlight the role of the private sector in the investment maps through organization of partnership management between the government sector and the private sector.
6. Access to practical and specific recommendations for investment legislation.
Workshop Themes:
Evaluation of Law No. (9) for the year 2010 concerning promotion of investment and its executive regulations will be dealt with according to the following axis:
The first axis:
Objectives, policies and general strategies for investment according to the following:
1. Investment policies.
2. Investment strategies.
3. Investment objectives and programs.
4. Areas of investment.
The second axis:
Procedural, operational, organizational and institutional aspects as follows:
1. Procedures and stages of contracting and investment models.
2. Administrative and regulatory units for investment.
3. Incentives, guarantees and risks.
4. Follow-up investment projects.
5. Evaluating investment opportunities and feasibility studies.
Third Axis:
Evaluating the legislative rule on investment and proposing amendments that contribute to the development and improvement according to the following:
1. Defining competencies and powers.
2. Methods of settling disputes arising from contracts and investment agreements (national judiciary – arbitration).
3. Provisions of the Investment Law and its relationship to the general policies of the State.
4. Evaluation of Law No. (9) of 2010 (Development possibilities).
Fourth Axis:
Review and evaluation of practice cases related to comparative study or comparative cases and good investment practices.
Targeted: –
Ministries, institutions, businessmen, Chamber of Commerce, Industry & Agriculture, Commercial Register, Industrial Zones Authority, Investment Promotion and Privatization Authority, Free Zones, Faculty Members, all specialists and stakeholders.
The work papers will be accepted until 25.04.2019 and the work papers will be sent to the workshop by email: workshop@gmail.com.
Note: Accommodation and Flight tickets can be provided for participants outside Benghazi.
