Since the overthrow of Gaddafi last spring, Libya has been in a transition period. Hogan Lovells’ Chris Cross and Tarek Eltumi describe the political and economic factors that go into rebuilding a legal framework
Libya has long been a country of enormous, yet unrealised, potential. It has almost 2,000km of pristine, undeveloped beaches on the southern shores of the Mediterranean Sea only a two-hour flight from most major European cities and 39 billion barrels of proven oil reserves producing 2% of the world’s oil.
