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Practical Guide to Lebanese Commercial Law

Home / Practical Guide to Lebanese Commercial Law (Page 2)

The Single Partner LLC in Lebanon: What You Need to Know

Lebanon’s business landscape has evolved significantly in recent years, especially with reforms introduced by Law No. 126 of 2019, which modernized the framework for limited liability companies (LLCs). One of the most notable changes is the ability to establish a single‑partner LLC, a structure that combines flexibility with limited liability protection. If you’re an entrepreneur or investor considering this option, here’s a clear breakdown of what it means and how it works. Legal Foundation The single‑partner LLC is governed by Legislative Decree No....

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Consumer Protection in Lebanon: Online & Social Media Promotions Q&A

Consumer Protection in Lebanon: Online & Social Media Promotions Q&A IntroductionIn today's digital age, businesses increasingly rely on online advertising and social media promotions to reach consumers. However, with this shift comes a heightened responsibility to ensure transparency, fairness, and compliance with Lebanon’s Consumer Protection Law (Law No. 659/2005) and Electronic Transactions Law (Law No. 81/2018).This guide provides businesses with essential questions and answers, covering legal obligations, promotional practices, misleading advertising, consumer rights, data protection, and enforcement measures. Understanding these regulations...

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Offshore companies in Lebanon Q&A

Offshore companies in Lebanon Q&AOffshore companies in Lebanon are entities with specific regulations regarding their permissible and prohibited activities.They can engage in business activities outside of Lebanon, such as negotiating contracts, managing foreign companies, conducting international trade, and owning foreign assets.However, they are prohibited from conducting business within Lebanon, engaging in insurance or banking activities, or generating income from Lebanese sources.These companies are subject to specific regulations, including those related to their articles of association, bank accounts, and financial reporting,...

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Top Attorneys in Lebanon: Your Ultimate Guide to Legal Expertise and Services

Navigating the legal landscape can be daunting, especially in a vibrant and complex country like Lebanon. Whether you’re facing a personal dispute, drawing up a contract, or needing guidance on regulatory matters, finding the right attorney is crucial for achieving success and Kallas Law Firm is here to guide you in your legal matters. This comprehensive guide highlights our legal expertise across various specialties, from corporate law to family matters. With a focus on the unique challenges and opportunities within Lebanon’s...

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35 Questions to ask the founders before drafting the Articles of Association for a Lebanese joint stock company (SAL)

Drafting the Articles of Association is a crucial step in incorporating a joint stock company (SAL) in Lebanon. These questions will help ensure that all critical aspects are thoroughly considered and addressed, in compliance with the Lebanese Commercial Code. Founders Shareholders' Details: What are the names, nationalities, dates, and places of birth of all shareholders? Beneficial Owners: Who are the beneficial owners of the company? Authorized Persons: Who are the individuals authorized to manage the company or sign on its behalf? General Information Company Name: What...

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Understanding the New Financial Violations in Lebanese Commercial Law

  Introduction In recent years, Lebanese commercial law has undergone significant changes to address emerging financial crimes. The new Lebanese Commercial Law No. 126, dated March 29, 2019, introduces several provisions aimed at safeguarding companies from malicious activities. This blog post will delve into two key financial crimes outlined in the law: intentional harm to the company and concealment of the company's true financial status. Intentional Harm to the Company Article 253 (1) of the new law establishes penalties for individuals who intentionally damage...

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Competition Law in Lebanon.

The Competition Law is a law that was enacted in 2022 in order to promote freedom of competition and ensure fair and competitive markets in Lebanon. This law defines the rules governing competition in the country, prohibits agreements and practices that violate these rules, and combats monopolistic practices and the abuse of dominant positions in the market.The main goal of this law is to protect the rights of consumers and promote economic efficiency, production, innovation, and technical progress, while also...

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Mediation in Lebanon

Mediation is an amicable process of resolving disputes between two or more parties who are in disagreement. It involves a professionally trained individual, a mediator, assisting those individuals in drafting an agreement that addresses the needs of both parties. The goal is to identify the zone of possible agreement and reach a win-win situation. In this post we hope to provide some insight into what mediation entails under Lebanese law and how it can help you with any future dispute. Mediation is...

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Transnational Law

Towards a modern global view of law practice and the need to reform the current legal educational system Law students and legal practitioners are accustomed to the traditional view of the law which consists of a clearly defined categorization of local law, public international law (governing interstate relations) and private international law (governing relations between private persons and legal entities) Thus, law students are being taught these subjects in totally separate courses and legal practitioners become specialized in each of the...

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