Today is a dark day for depositors and financial recovery in Lebanon. Ibrahim Kanaan, one of the figures associated with the obstruction of reforms, has been re-elected Chair of Parliament’s Finance and Budget Committee. At the same time, the Constitutional Council struck down Article 3 of the amendments to the Banking Restructuring Law, a provision called for by the international community in line with best standards, while overturning safeguards that would have paved the way for holding banks accountable. What we are witnessing is the protection of vested interests at the expense of depositors’ rights, and the continued obstruction of a recovery plan whose requirements are well known, after seven years of studies and negotiations with international donors.