The International Conference on Arbitration in Libya was held in Tripoli from 28-29 May organized and supervised by the Administrative Control Authority, in partnership with the Libyan Academy for Postgraduate Studies.
The conference was held in the presence of Prime Minister, Abd Alhamid Aldabaiba, the head of the High State Council, Khaled Mishri, the head of the Audit Bureau, Khaled Shakshak, and the head of the Administrative Control Authority Suleiman Al-Shanti. Several ministers from the Tripoli-based government as well specialists in commercial arbitration from Egypt, Tunisia, Cameroon, South Africa, Algeria, the UAE, France, Germany and the United States of America also participated.
In an exclusive interview with Libya Herald, the Chairman of the Organizing Committee of the Conference, Dr. Al-Arif Al-Tir, said, “The organization of this conference comes to emphasise the important role of commercial arbitration in resolving many outstanding issues between the contracting parties to implement development or investment projects or contracts’’.
Importance of arbitration for Libya and its interests
He emphasised the importance of arbitration for Libya and its interests, its role and importance in investment, and benefiting from successful international experiences and practices in the field of international arbitration. This, he added, is due to its advantages that made it the ideal means to settle disputes between contracting parties, especially in the field of international contracts and being a means of attracting foreign investments. These are the aspects that the country needs considering its exceptional situation to achieve stability.
Tir said there is an aim of studying the reality of commercial arbitration in Libya and investigating the experiences of some countries in this field and describing the problems and difficulties facing the case management in the Libyan state regarding the consideration of judicial and arbitration cases filed against the country abroad.
There is an attempt to revive projects stalled since 2011
He said there is an attempt to revive projects that have been suspended since 2011 in order to raise the national economy and reduce any financial losses that may be caused by arbitration lawsuits filed against Libya before an international arbitration centre in commercial disputes that arose after the events of 2011.
It is noteworthy that, last April, the House of Representatives issued Resolution No. 10 of 2023 regarding Libyan commercial arbitration, consisting of 10 chapters that regulate arbitration procedures in arbitration disputes and contracts through the formation of a specialized commission and centres.
