If I am investing in Lebanon, in case of dispute, is there any dispute resolution mechanism?
Yes, there is. Lebanon provides a legal framework to secure the rights of Lebanese and non-Lebanese investors. Moreover, an arbitration center belonging to the Lebanese Chamber of Commerce was established.
What are my rights as the owner of a patent?
As a patent owner you have an exclusive right to your invention which grants you the right to:
• Manufacture the product subject of the invention and display it
• Market the invention, utilize it, offer it for sale, import it and hold it
• Exploit the method, subject of the invention, and offering it to third parties
• Offer the product, market it, utilize it, offer it for sale, import it and hold it
How can I amend the joint stock company's articles of association?
Any amendment of the company’s articles of association requires a decision of the extraordinary general meeting which is taken by a majority of 2/3 of the present or represented shareholders.
The amendment is made public the same way as with the original articles of association. The amendment of the articles of association of a company should be executed before the notary public.
How can I decrease the capital of my Lebanese joint stock company?
Shareholders can decide to decrease the share capital of the company in an extraordinary general meeting, provided that this decision does not harm the rights of third parties. Such a decision should be published in the Official Gazette to enable third parties to eventually object within three months of the publication date.
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