Regulatory Alerts2019-01-01
Circular No. 2: Executive Enforcement Matters
The Palestine Monetary Authority’s Supervision and Inspection Department issued Circular No. (2019/2) on January 3, 2019, to notify all lending institutions in Palestine of revised procedures for registering executive enforcement lawsuits. Citing a Supreme Court directive dated December 13, 2018, the circular mandates that institutions may now file these cases with execution departments in full compliance with established legal protocols. This new registration pathway is explicitly contingent upon the prior settlement and clearance of all outstanding enforcement files.
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