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EVENT:
A court is due to rule on February 4 on the appeal of Swiss businessman Max Goeldi who has been given a prison sentence for overstaying his visa.
SIGNIFICANCE:
The number of foreign businesses working in Libya has grown during the past five years, because of good opportunities and Libya's international political rehabilitation. However, the case of the Swiss businessmen reflects that fact that doing business in Libya remains subject to the risk of arbitrary political interference, including from the family of the Libyan leader Muammar al-Qadhafi.
Word Count (approx): 1276
Headings
- Switzerland spat
- Qadhafi family
- Hazards
- Resistance
- Unpredictability
- Disagreement
- Risk management
- Precautions
- Visas
- Libyan partners
Primary Keywords: ME/NAF, EU, Libya, Switzerland, economy, politics, corporate, foreign investment, judicial, private sector, talks
Secondary Keywords: Bulgaria, France, Italy, Sweden, United States, banking, energy, human rights, oil
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