Rigidities and weaknesses of Lebanese company law

The world economic evolutions overturn the organization of the enterprises. Actually, the managers, shareholders, the markets, and in general, the total of the economic actions require another aspects of management, flexible, reactive, transparent and certain. In order to adapt with the evolutions above, the enterprises have taken more reforms then those experienced in the second half of 20th century. But, the said reforms need credibility, growth, profitability, the survival of the enterprise and the nation's prosperity.
What about the Lebanese companies law?
In fact, this law is not adaptive with the recent enterprises' requirements; its rigidity makes, often, an obstacle of the new structures required by the shareholders. Indeed, the practice imagined several remedies. But their efficiency, as well as their validity, is limited. This situation is regrettable, because it urges the enterprises to constitute their structures of collaboration abroad, in order to overstep a solid and stiff legislation in Lebanon. At the time when the comparative law grows up and the word of business combines and harmonizes its rules of trade, Lebanon is invited promptly - legislator, jurists and practitioners - to overtake this juridical handicap.