Regulatory Alerts2022-01-05
Amendment of Law No. 75 dated 27/10/2016
The Lebanese Parliament and President have enacted Laws No. 260 and 261 to amend Law No. 75 of 2016 by extending the mandatory replacement period for bearer shares and share warrants from one to three years, while simultaneously establishing a five-year statute of limitations for related forfeiture procedures. Additionally, Law No. 261 defines the academic and administrative conditions under which students in the French-American curriculum are granted equivalency to the Lebanese Baccalaureate, ensuring their completed credits and examination results are formally recognized. These measures collectively protect acquired shareholder rights against premature state transfer and streamline educational credential validation for expatriate and non-resident students.