In lieu of actual progress in the constitutional process, the GNC has voted to have Sharia law serve as THE SOURCE of legislation in the country. The question then becomes does this clarify matters or only further obfuscate them? Will this make the uncertainty about the constitution worse or better? My inclination is that this step only increases the opacity of Libya's legal system and will further promote dysfunction in the credit markets and in issues surrounding property law, etc. Read the story from AJE here.
Libya's National Assembly has voted to make Sharia, Islamic law, the foundation of all legislation and state institutions in the country.The immediate scope of the General National Congress''s (GNC) decision on Wednesday was not clear, but a special committee will review all existing laws to guarantee they comply with Islamic law.The GNC's decision came shortly before a vote to form a 60-member committee that will draft the new constitution.