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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

US sanctions Hezbollah lawmakers

Last month, the United States designated two elected Lebanese legislators and members of Hezbollah as terrorists. This was an escalation of the US measures targeting the party, alleging that Hezbollah smuggles drugs and launders the proceeds to finance its militia and alleged terrorism activities. Little more than two years since Lebanon’s Prime Minister Saad Hariri

Gas sector a catalyst for further cooperation between Lebanon and Egypt

The first six months of 2019 saw an unusual series of meetings between Lebanese and Egyptian officials, with energy cooperation at the core of these discussions. If memory serves well, the frequency is unprecedented. The option of resuming gas imports from Egypt was discussed extensively, especially during the first meetings of 2019. Lebanon previously imported

Internet copyright laws

As the growth of a few digital giants with base in the United States and state intrusion into the online world have reached dimensions that were unimaginable just a decade ago, some critics speak of ‘surveillance capitalism’ as the new form of dictatorship. In the middle of the uncertainty about our digital future, lawmakers are

Rethinking social entrepreneurship

January’s Mashreq Conference on Women’s Economic Empowerment was a welcome initiative at a time where socio-economic conditions for women in Lebanon are dire. In addition to a discriminatory legal, political, and social environment, women continue to make up less than 25 percent of the labor force, according to 2018 World Bank estimates. Donor pledges to

An urgent need for reform

There has been a growing concern over Lebanon’s debt outlook. True, the fiscal deficit at end of Q3 2018 was twice that of 2017 for the same period. Two main factors contributed to its escalation: First, the wage and salary increases that were adopted during the last quarter of the 2017 budget and extended through

Seeking climate consensus

The Paris Agreement, adopted in early 2016, aims to reduce the global man-made emissions that are trapping heat in the atmosphere, causing a cascade of extreme weather events due to variations in temperature. The agreement sought to keep the increase in global average temperature well below 2 degrees Celsius, while attempting to limit it to

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