While promising at first glance, in its current shape the draft bill is characterised more by ambiguities than substance. For example, the proposal fails to mention whether the lifting of banking secrecy is retroactive or offers a proper framework to determine when lifting banking secrecy is appropriate. Instead, the law includes rather obscure provisions for banks to deny requests for information, while opening the door to abuse of power.
Eliminating National Oil Dependence Will Clear Out Conflicts Of Interest.
Only a Modern, Neutral and Sustainable LAF Can Survive the Economic Crisis.
For decades, Lebanon’s economy has overwhelmingly served the interests of certain economic actors, who preside over widespread monopolies and oligopolies.
Explore our infographic on the interconnections and vested interests among the players vying to control LibanPost.
