Compensation Claims

Now the new Libyan government is encouraging companies to come back and resume their activities in the market. In order for these companies to be able to come back and do the expected work (or even to cancel their contracts and allow other companies to complete the work), they need to apply for compensation and submit an outstanding payments report to the government’s Compensation Committee.

 

Compensation Services

Consultancy House introduces a compensation service for international companies affected by the Libyan conflict. We work through your latest financial statement (if you have one) and the latest report of your activity to prepare the following:

·        Reviewing company’s documents of operation if available and latest financial statement

·        Preparation of financial statement until the date of stopping company’s activities.

·        Evaluating the company’s damages and loses

·        Evaluating the potential profits and lose of the period of work operation stops until the time of submitting the report.

·        Evaluating the market changes and international inflations (including material prices and exchange rates)

·        Preparation of compensation and outstanding report for company’s loss, damages, potential profits and some other issues (issues are vary from one company to another).

·        Submitting reports to the responsible authority and follow up the case until payment is made (this may includes court case).