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Legal market overview
Oman’s legal market remained strong throughout the year, despite regional instability and the ongoing global economic malaise. The large amount of inward investment and a policy of economic diversification have provided a diet of instructions on transport infrastructure, power and water projects. In turn, this has attracted interest from foreign investors, and there has been a notable increase in cross-border syndicated bank lending. Banking and finance lawyers have been preparing for the impending introduction of laws governing shari’ah-compliant finance.
Al Busaidy, Mansoor Jamal & Co and Said Al-Shahry Law Office are significant local full-service firms, and Al Alawi & Co Advocates & Legal Consultants is noteworthy for its corporate and commercial expertise.
SNR Denton, Curtis, Mallet-Prevost, Colt & Mosle LLP, Trowers & Hamlins and DLA Piper Oman LLP each have an office in the jurisdiction, and remain busy. Of the international firms without an office locally, Allen & Overy LLP and Linklaters advised on the debt financing of a sizeable IPP project in the Sur region of Oman. Clifford Chance has a notable regional practice.
Shearman & Sterling LLP continues to advise on various energy and industrial projects in Oman, with particular expertise in IPP work, and also recently handled a significant IPO on the Muscat Securities Market, as well as construction and dispute mandates. James Comyn is the name to note.