The Libyan government has demonstrated its commitment to reform and to attracting foreign investment to increase oil production capacity and to diversify the economy with the publishing of a report, the " Libya: A Guide to Commercial Law, Banking Law and Accounting".

The report, aimed at Libya's potential foreign investors and trading partners, is the first authoritative progress report on legal reforms instituted in Libya since the lifting of the trade embargo. In recent years, the lack of suitable legal and financial framework in Libya seems to have deterred foreign investment.

Initiatives such as Law No 5 have encouraged investment in the agricultural, services, healthcare and industrial sectors and Law No 7 in the tourism sector.

Written by leading Libyan attorneys Mukhtar-Kelbash & Elgharabli and international law firm Eversheds, and with contributions from banking and accounting professionals in Libya, this important book provides an authoritative review of the commercial law, banking law and accounting practices in Libya.

Key topics covered include, Establishing the Appropriate Corporate Entity to Conduct Business in Libya; Foreign Investment; The Law of Contracts; Environmental Regulations; Intellectual Property; Insurance Law; Banking; Taxation, Accounts and Auditing;, and the Legal and Contractual Framework of the Libyan Oil Sector.