Tripoli:The committee responsible for setting up an International Arbitration Centre in Libya convened for its second founding meeting to address the necessary legislative, procedural, and organizational steps required for its establishment, as dictated by Prime Ministerial Decision No. (410) of 2026.
According to Libyan News Agency, the meeting, held at the Prime Minister's Office in Tripoli, involved a review of the decision's provisions and the initial framework for the centre's establishment. The committee focused on completing establishment procedures and developing the centre's organizational structure. It adopted several recommendations and finalized the minutes from its first meeting.
The adopted recommendations include reviewing the centre's statute and analyzing the operational mechanisms, organizational structures, and working models of leading international arbitration centres. This review aims to identify the most suitable model for implementation in Libya, leveraging successful international expertise and best practices.
The committee is led by Professor Dr. Muftah Ali Al-Tayeh, with Dr. Amira Al-Jilani Al-Sakiki as Secretary and Rabie Youssef Milad as Rapporteur. Its members include representatives from the National Oil Corporation, the Ministries of Finance, Justice, and Economy and Trade, the Libyan Investment Authority, the Cases Department, the Inspection and Follow-up Department at the Prime Minister's Office, and the Legal Department of the Council of Ministers.
The establishment of the centre is part of broader efforts to enhance Libya's dispute resolution framework and improve the legal environment for investment. This initiative aims to align with national legislation and international commercial arbitration standards, thereby boosting confidence in economic and commercial activities and enhancing Libya's appeal to both domestic and foreign investors.