The Committee for the Protection of the Rights of Depositors at the Bar has examined the issue of including the draft Capital Control Law on the agenda of the House of Representatives session that will be held tomorrow, and has taken the following position:
The approval of the Capital Control Law in a session of the House of Representatives in the absence of a large number of representatives because it is an electoral body and not a legislative body is unacceptable and carries many question marks.
We refuse to pass this bill because:
There is no mention or distinction in it of legal or illegal deposits.
– There is no indication of accountability and the lack of impunity for those who wasted and stole the money of depositors, but rather an absolute discharge from the stage of October 17 until today.
– There is no protection for the money of depositors, but the suspension of lawsuits and exposing the rights of depositors to the passage of the projected time.
– There is no accountability or change in financial governance, i.e. the Banque du Liban bodies that failed to carry out their duties towards depositors, but rather give them the authority and responsibility to follow up.
We refuse to pass the Capital Control Law as a unilateral smuggling, while the issue of deposits and depositors must be dealt with as a national issue that transcends all partial interests.
Therefore, we call on all parliamentary blocs to abide by their pledge and to approve the Banking Restructuring Law and a financial plan that guarantees the return of depositors’ money in conjunction with the Capital Control Law that protects the issue of depositors.
We call for a stand in front of Parliament on Thursday 8/17/2023 at ten o’clock.
2023-08-16 15:29:00
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