Lebanon’s real GDP contracted by 34% between 2018 and 2022, according to the World Bank in February, wiping out more than 15 years of economic growth. In October 2019, the country’s currency, banks, and public debt collapsed and the Beirut Port explosion in 2020 merely compounded an already grave situation.
As a result, few international firms have seen Lebanon as an attractive option, the only recent exception being Squire Patton Boggs, which opened an office in Beirut in 2023. Dentons entered into an association with the local Chedid Law offices in 2010.
