Lebanon’s Code of Commerce does little to protect bankrupt business owners, which in the long term discourages investment in the economy. But in the case of insolvent banks, it could help launch civil and criminal lawsuits against bank directors.
Rockets & Feathers: Why Lebanon’s Fuel Prices Rise Fast and Fall Slow
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
