Impact of Exchange Rate Collapse on Auction Procedures and Debt Collection in Lebanon

With the collapse of the Lebanese lira and complex legal debates over USD payments, creditors across Lebanon are facing significant challenges in recovering debts. The recent suspension of public auctions—a key step in debt recovery—reflects the need for an approach that protects the interests of both creditors and debtors alike.

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The Challenges of Lawyers’ Fees in Lebanon

The legal profession is often regarded as one of the most lucrative fields in many countries, including the United States, European nations, and even some Arab countries like the United Arab Emirates, Qatar, and Saudi Arabia.
However, in Lebanon, the landscape of the legal profession, particularly regarding lawyers’ fees, is shaped by various unique factors.

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