Abstract

Recent events in Libya have turned the spotlight on an aspect of international investment law that has, so far, attracted little attention. Investments, almost by definition, require stability and cannot thrive in situations of violence and political volatility. Libya is host to a number of important foreign investments, notably in the energy sector. The current armed struggle has seriously affected these investments and is likely to lead to a series of disputes with foreign investors. At the same time Libya is party to bilateral investment treaties (BITs) with several countries ...