The oil and gas reserves were only recently discovered in Lebanon. There is no legislation for on-shore petroleum resources. However, in 2010 the Lebanese Parliament enacted law No. 132 to govern the offshore petroleum resources. in 2012, the Lebanese government established a new regulatory body to supervise the oil and gas sectors. This new regulatory body is known as the Lebanese Petroleum Administration (“LPA”). In April 30, 2013, the Lebanese government issued decree No. 10289 referred to us the Petroleum Activities Regulations (“PAR”). In the first week of January 2017, the Lebanese Council of Ministers approved the implementing regulations for law No. 132/2010.
A foreign company may set up a branch office in Lebanon. In order to do so, the foreign company must appoint a resident as its representative. The representative may be an employee of the company. He/she must also be its attorney-in-fact with full power to legally represent and have specific power to register the company.
In Lebanon, commercial representation agreements are governed by Decree-Law No. 34 of August 5, 1967. The Lebanese legislator enacted Decree-Law 34/67 in order to provide the Lebanese commercial representatives with strong protection vis-à-vis the major international entities they may be representing in Lebanon.
In accordance with Legislative Decree No. 54 issued on June 16, 1977, it is no longer necessary to obtain a Decree by the Council of Ministers in order to form a joint stock company. Notarization of the company's articles of incorporation by a Notary Public is, however, required.
Decree-Law No. 46 enacted on 24-6-1983 governs the incorporation and operation of the offshore companies in Lebanon. A offshore company must take the form of a joint stock company and is subject to the incorporation and operational requirements that apply to the joint stock company.
Between May 1888 and January 1924, trademarks were essentially protected in Lebanon by an Ottoman law dated May 11, 1888 and an Ottoman Decree dated October 8, 1888. These two statutes remained in force until January 17, 1924, date of the enactment of Decree No. 2385 (the "Decree") issued by the French High Commissioner.