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Rather like Dickens’ Mr Scrooge, Libya undernew management has, commercially, to confront three ghosts – Contracts Past,Present and Yet to Come. Tough decisions have to be made about them and those with business interests in Libya need to think hard about what the answers might be. So, legally, does the way things were provide a likely practical solution for the new Libya and its contracts or might the new commercial landscape be something completely different?

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