ALF was retained to advise on the complex restructuring of a joint venture between a prominent Libyan company and a leading European industrial group.

The JV had encountered significant governance challenges and commercial disputes that threatened its viability. Our team conducted a thorough legal audit of the JV agreement, identified the key points of conflict, and proposed a restructuring framework acceptable to all parties.

The process involved renegotiating the shareholding structure, revising the management and governance provisions, resolving outstanding financial claims between the parties, and updating the JV agreement to reflect current Libyan law.

The restructuring was completed within six months and the JV is now operating successfully under its new framework.