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Law No.228 regulating privatization’s operations and defining its terms and fields of implementation.

Country/Territory
Lebanon
Document type
Legislation
Date
2000
Source
FAO, FAOLEX
Subject
Energy, Water
Keyword
Policy/planning Public participation Institution Consumer protection Water supply Monitoring
Geographical area
Asia, Mediterranean, Middle East, Near East and North Africa, Western Asia
Entry into force notes
The Law enters into force on the date of its publication in the Official Gazette.
Abstract

This Law consisting of 15 articles aims at regulating privatization activities and defining its conditions and applications. The purpose is to encourage the private sector participation in all sectors, including water and electricity. The Law establishes a framework within future public-private initiatives will be able to: regulate the economic sector involved in the transaction; identify regulatory bodies to oversee public-private transfers and monitor privatized projects; and specify the duration of transactions pursuant to Article 89 of Lebanon’s Constitution. The planning and executing of the privatization is devoted to a Higher Council for Privatization. It may also seek support from inside or outside the public sector. All privatization transactions are abided by regulations to: entertain competition; protect consumers’ rights; to insure labour rights; and guarantee transparency and make information available to the public upon request.

Full text
English
Website
www.hcp.gov.lb