Administrative Contracts Regulation 2024

The Council of Ministers issued a comprehensive new regulation governing administrative contracts financed by the public treasury, effective October 31, 2024. This decision repeals the 2007 Administrative Contracts Regulation and establishes updated procedures for all government contracting in Libya. The regulation applies retroactively to existing contracts where terms do not conflict.

This represents a fundamental reset of Libya's public procurement framework. Foreign contractors, consultants, and suppliers doing business with Libyan government entities must immediately audit existing contracts for compliance gaps and adapt to new procedural requirements. The retroactive application to existing contracts creates legal uncertainty for ongoing projects. Companies should expect transitional disruption as Libyan counterparties interpret and implement the new framework, particularly around contract modifications, payment procedures, and dispute resolution mechanisms that may differ from 2007 rules.