LEBANON Law and Practice Contributed by: Joseph Nasrallah, Jad Skaff and Yasmina Ballout, HNS Legal
11.3 Interference With Completion In Lebanon, interference with an announced trans - action typically takes a judicial rather than a public- relations form. Minority shareholders or creditors who consider themselves prejudiced by a proposed merger or acquisition do not generally resort to media cam - paigns; instead, they seek relief through the courts.
ates through statutory rights, access to information and corporate governance safeguards rather than
through public campaigns. 11.2 Aims of Activists
There is no established practice of shareholders pub - licly pressuring companies to enter into M&A transac - tions or major restructurings. Strategic decisions such as mergers, splits or transformations are governed by statutory procedures and shareholder approval thresholds.
750 CHAMBERS.COM
Powered by FlippingBook