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.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (2019/2)
To all lending institutions operating in Palestine Date: Thursday, January 03, 2019
Subject: Executive Enforcement Matters
Further to Circular No. (2018/85) regarding the registration of executive enforcement matters in courts, we attach for your information the letter from His Excellency the President of the Supreme Court / President of the Higher Judiciary Council No. (5189/19) dated 13/12/2018, concerning the permission to register executive enforcement lawsuits with the execution departments in accordance with procedures and the law, following the settlement of previous concluded cases.
Supervision and Inspection Department
Palestine Monetary Authority
Enclosure: Letter from His Excellency the President of the Supreme Court / President of the Higher Judiciary Council.
Copy: His Excellency the President of the Supreme Court / President of the Higher Judiciary Council.
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452
info@pma.ps | Fax: +970 2 2415310 | Fax | Tel: +970 2 2415251 | Tel
Gaza - Palestine P.O. Box 4026
Fax: +970 8 2844487 | Fax | Tel: +970 8 2825292 | Tel