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الكتائب اللبنانية
Article 31 after the amendment: Can banks appeal and suspend decisions
Article 31 of the Banking Reform Law issued in 2025 has been amended to grant banks the right to appeal decisions made by the Supreme Banking Authority before a specialized court within ten days of notification. The amendments also allow for suspension of enforcement only in cases of obvious legal errors and severe harm to the litigants. Previously, the regulations restricted suspension of enforcement to orders from the court and focused rulings solely on financial compensation. The changes impose restrictions on the banks' rights to appeal and to seek suspension, raising legal concerns about the shortened timeframes, the court’s authority, and the importance of safeguarding litigants' rights. These amendments are seen as an attempt to ensure the enforcement of the Supreme Banking Authority's decisions while reducing avenues for appeal, amidst debate over whether they adequately protect the rights of banks and are sufficient in the context of banking sector restructuring.
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