The Lebanese law on secured transactions is fragmented. There are multiple laws contained in various statutes that govern different security interests. The following is a list of the statutes that govern portions of the secured transactions law:

• The Code of Commerce
• The Code of Obligations and Contracts
• The Annex to the Code of Obligations and Contracts Relating to the Pledge of Movable Assets
• The Legislative Decree Relating to the Fonds de Commerce
• The Code of Money and Credit
• Asset Securitization Law and
• the Law on Leasing Operations.

The international Finance Corporation is currently working on a project to create a unified law governing secured transactions that facilitates access to credit for small and medium sized businesses, but there is no draft law yet.

Further Reading

• https://www.smefinanceforum.org/sites/default/files/post/files/459822_s2_-_secured_lending_in_lebanon_-_randa_abousleiman.pdf

Last Checked October 2020

If you have any questions or would like to suggest an update please email magda.raczynska@ucl.ac.uk