Author Archives: Auguste Bakhos

Updated laws on e-transactions, offshore companies, and code of commerce

Updated laws on e-transactions, offshore companies, and code of commerce

Pressure to update the seven-decades-old Lebanese code of commerce was threefold. First, pressure to reform followed the decision of Banque du Liban (BDL), Lebanon’s central bank, to issue Circular 331 in 2013 to encourage investment in the startup ecosystem, as startups by definition entail innovative technology and development language that is foreign to rigid and

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