Arbitrary Freezing of Bank Account in Libya Law

Abstract

Commercial banks are witnessing renewed and rapid growth in the services that they provide to natural and legal people. This remarkable and undoubtedly welcome development is paralleled by an increase in the responsibility of their clients, and the possibility of banks in the course of their work is the present and possible. This research there for discusses the possibility of arbitrariness by commercial banks ones the customers bank accounts are frozen, it highlights the rules whether substantive or procedural, dealing with the freeze, and what methods do the natural and legal person take in the event of such arbitrariness by the bank, starting from resorting to the supervisory authorities and if necessary the judicial authorities.