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.
Last Checked October 2020
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