Keywords
Auditors
board of directors
directors, economic beneficiary
general meetings of shareholders
Lebanese Code of commerce
general manager
power of attorney
powers
preferred shares
president
reform
related parties’ transactions
responsibility
security shares
shares
shareholders
usufruct
voting right
board of directors
directors, economic beneficiary
general meetings of shareholders
Lebanese Code of commerce
general manager
power of attorney
powers
preferred shares
president
reform
related parties’ transactions
responsibility
security shares
shares
shareholders
usufruct
voting right
How to Cite
SOUMRANI, P. (2021). La réforme du Code de commerce libanais : impact sur le fonctionnement des sociétés anonymes. Proche-Orient Études Juridiques, (74), 75-96. Retrieved from https://journals.usj.edu.lb/poej/article/view/582
Abstract
Except for specific limited amendments, the Lebanese corporate law has remained unchanged for many years. Several drafts aiming to reform and modernize such law have been prepared since the 1990s. But it is only in 2019 that a new draft has been voted hastily by the parliament, and has entered into effect on the 1st of July 2019. The reform brings numerous advantages: it facilitates the functioning of limited liability companies and joint stock companies, introduces the single partner limited liability company, provides for specific provisions governing the GDRs, as well as companies’ mergers and splits, and sanctions penally the misuse of corporate assets.
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