Although acquisitions today in countries with concentrated ownership structures are becoming more common, this is not the case in Libya where most companies are still state-owned. This due to various reasons such as the fact that Libyan banks do not offer financial support in the form of loans for takeovers and also currently there are only a small number of companies listed on the stock market. This may change due to the recent re-opening of the Libyan Stock Market which was closed since 2011. Although M & A practice is found in only a few law firms in Libya, Abdou Law Firm has a combination of technical know-how and practical experience in this practice area. We identify the objectives of the client’s business and its related legal issues, advise on deal and negotiating tactics, and conduct due diligence on other side. We can verify the compliance of companies involved in M & A with requirements related to market challenges, shareholder obligations, labour rights, tax requirements and more. We have the ability to communicate with the competent government authorities in Libya regarding the completion of M & A.
ALF has expertise in taxation law, intellectual property law, labour law and court decisions governing these operations, all of which are fundamental to the M & A process.
