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Banking Law and Constitutional Limits
The judicial ruling nullified Article 3 of Lebanon's Banking Reform Law, reaffirming that legislation must adhere to constitutional procedures and that the voting process was not conducted according to legal standards. It also canceled some provisions that restricted freedom of movement, isolated the judiciary from decisions related to travel bans, and protected bank employees from legal prosecution. This underscores the importance of respecting the constitution to ensure the legitimacy of the legislative process and the accountability of the banking sector, especially in light of the current economic crisis facing the country.
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