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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...

  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...

Navigating the process of obtaining a police clearance statement and clearing a criminal record can be complex, especially for foreign nationals. At our law firm, we are here to guide you through every step of the way. Below, we outline the essential procedures and requirements for issuing a police clearance statement and clearing a criminal record in Lebanon. A. Police Clearance Issuance For foreign nationals, the relevant police department in Beirut (PD) typically issues a police clearance statement within 2-3 business days,...

Frequently Asked Questions (FAQ) What types of family lawsuits can be filed in Sharia courts? Divorce (Separation) Lawsuit: This lawsuit seeks to officially declare the divorce and arrange the financial consequences in accordance with the marriage contract. Custody Lawsuit: This aims to determine the right of custody over the children. Visitation with Overnight Stay Lawsuit: This lawsuit establishes the right of parents to visit and take their children for overnight stays. Obedience and Cohabitation Lawsuit: This compels the wife to return to the marital...

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...