The purpose of this paper is to provide potential investors with certain basic information concerning the Libyan legal system and some initial guidance on the conditions and requirements for doing business in Libya. This paper does not purport to provide legal advice in connection with the matters that are dealt with herein and it should not be relied upon as a comprehensive and/or formal legal opinion with respect to any such matters, nor as a recommendation by our firm as to whether or not to carry out any investment in Libya. Any questions regarding the contents of this paper should be addressed to the contact persons indicated on the last page.