The Lebanese Parliament passed on Thursday July 31 the banking sector restructuring law three days after the draft law was ratified by the budget and finance committee, noting that no major adjustments were made. It is worth noting that the Lebanese government initially passed the draft law back in April, with the budget and finance sub-committee amending it last week. It is worth noting, however, that the banking sector restructuring law will come into effect once the financial gap law is ratified. The Lebanese parliament also approved during its session the judicial independence law.