Executive Regulations of the Competition Council

The Competition Council approved its executive regulations establishing its operational framework and jurisdiction. The regulations mandate that all commercial and economic activities in Libya are subject to competition rules, with exemptions granted to government entities and state-owned enterprises. Prices are to be determined by market competition except in emergency circumstances or for specified goods.

Foreign companies face a newly operationalized competition regulator with broad jurisdiction over commercial activities, including extraterritorial reach if activities impact Libya's market. The explicit exemption of state-owned enterprises and government contractors from competition rules creates an uneven playing field favoring state entities. Private foreign investors will be subject to merger control, anti-monopoly scrutiny, and pricing regulations while competing against exempt public sector entities. The Council's mandate to address 'dumping' and 'dominance' introduces regulatory uncertainty without clear thresholds or safe harbors.