SVB and Credit Suisse: A bump in the road or the end of the banking system as we know it?
Silicon Valley Bank (SVB), the 16th largest bank in the United States of America and the largest bank by deposits in Silicon Valley[1], made headlines [...]
UAE regulator approves first SPAC in the region
On January 24, 2022, the Abu Dhabi Government Media Office announced that the Securities and Commodities Authorities (“SCA”) granted its regulatory approval for the first [...]
Lebanese Bank Dollars (Lollars) are now worth LBP 8,000
On December 09, 2021, the Lebanese Central Bank (the “BDL”) issued intermediate circular No: 601 (basic decision No: 13377) (the “Circular”) amending article 1 of [...]
BDL Circular 158 on gradual withdrawal of deposits (UPDATED)
On June 8, 2021, the Lebanese Central Bank (the “BDL”) issued basic circular No: 158 (basic decision No: 13335) (the “Circular”) that sets out an [...]
Lebanese Banks to buy “fresh” Dollars from the parallel market
On August 17, 2021, the Lebanese Central Bank (the “BDL”) issued basic circular number 159 (basic decision No: 13353) (the “Circular”) that imposes restrictions and [...]
BDL circular on the “Sayrafa” Platform
On May 10, 2021 the Lebanese Central Bank (the “BDL”) issued basic circular number 157 (basic decision No: 13324) (the “Circular”) enacting the legal and [...]
Board meetings via teleconference in Lebanon
On July 18, 2019, the Minister of Justice issued ministerial decision number 1/46 (the “decision”) setting forth the framework enabling directors of a Lebanese Joint [...]
New BDL Circular on Loan repayment in LBP
On August 26th, 2020 the Lebanese central bank (the “BDL”) issued intermediate circular number 568 (the “Circular”) enacting in its decision No: 13260 a framework [...]
Un modèle de courage et de bienveillance
OLJ / Par Ibrahim NAJJAR, le 27 juillet 2020 Georges Melki aura passé sa vie professionnelle à croire à la dignité de l’avocat et aux [...]
Sports and the Law: How will Covid-19 affect contracts, leagues and more?
The Covid-19 outbreak affected people all around the world and crippled global economy. Lebanon, already on the verge of a political, economic and financial downfall, [...]