Commercial, corporate and M&A in Oman

Addleshaw Goddard

Led by Oliver Stevens, Addleshaw Goddard handles some of the largest corporate and commercial matters in Oman, including billion-dollar M&A transactions and joint ventures. The practice's commercial work includes advising international companies on entering the Omani market. The team draws on Addleshaw Goddard's network of offices worldwide to handle cross-border matters. In addition to Stevens, Nasser Al Habsi and associate Ma’athir Al Busaidi are key contacts in the team. Stevens is praised as 'a fantastic lawyer who seems to genuinely care about his clients'.

Practice head(s):

Oliver Stevens

Other key lawyers:

Nasser Al Habsi; Ma’athir Al Busaidi

Testimonials

‘The AG team are a pleasure to work with. Extremely diligent and responsive. No job is ever too big or too small, where solutions to problems are always found. ’

‘Oliver Stevens is a fantastic lawyer who seems to genuinely care about his clients. His communication skills are excellent allowing him to explain complex legal matters in a straightforward manner. His knowledge of commercial law is impressive. I would highly recommend Oliver.’

‘It was a nice experience to directly work with Addleshaw Goddard (Middle East) LLP on our shareholders’ agreement, including all other relevant documents for acquiring more shares and registering with the Government authority. The team was very aware with all the required terms and conditions that forms part of such agreement. In addition, they knew all the relevant procedures, documentation that the Government authority will require to complete such an acquisition.’

‘It was very evident to me that Addleshaw Goddard lawyers were aware of all requirements or conditions that were needed to make the agreements to be fair and reject any conditions that were biased. They were very flexible in meeting deadlines, they are readily available to responds outside the normal working hours, they attend calls at any time and give instant advice. They meet their deadlines. ’

‘It is the best firm in Oman we have dealt with. The associates are very professional and prompt in their advice and actions. They give you a clear and concise opinion of the situation; don’t cloud the facts, you know where you stand with them and what is best way to a solution. ’

‘Oliver stands out as he is absolutely blunt on the law and its effects. There is no mincing of words to make one or the situation look different than it is. This is very much appreciated by us.’

‘Oliver Stevens is excellent. Intelligent, flexible, hungry, and pragmatic, he is arguably the leading corporate lawyer in Oman’

‘Roger Byrne and Oliver Stevens both have excellent knowledge and experience in this jurisdiction, which is an absolute must for practical solutions.’

Key clients

Bank Muscat

Oman Telecommunications Company (Omantel)

Phaze Ventures

China State Grid

The Zubair Group

Schlumberger

Accor

Oman Aviation Group

Ooredoo

BankDhofar

OQ

Special Technical Services

Alizz Islamic Bank

National Bank of Oman

HSBC Bank Oman

Khazaen Economic City

Oman Investment Corporation

Raysut Cement Company

Worley

Weatherford

Innovation Development Oman

Al Dhahira Colas

Hill International

Jindal Shadeed Iron & Steel

Multiplex Middle East

Qatar Investment Authority

The Nielsen Company

Veolia

Thawani Technologies

Middle East Consulting & Engineering

Sharqiyah Desalination Company

Apergy Corporation

Port of Rotterdam

Services & Trade Co.

Knoma Ltd

Ensign International Energy

TUV Middle East

ALEC Engineering

Oceaneering

Vennwest Global Technologies

Work highlights

  • Advised China State Grid on its successful circa US$ 1 billion acquisition of a 49% stake in Oman Electricity Transmission Company, a major part of Oman’s electricity sector privatisation programme.
  • Advised Alizz Islamic Bank on its merger with Oman Arab Bank, creating a combined bank with over US$ 8.4 billion in assets and being the first transaction under Oman’s 2019 Takeover and Acquisition Regulation.
  • Advised Worley on Oman aspects of its US$ 4.6 billion acquisition of Jacobs’ global Energy, Chemicals & Resources division.

Al Busaidy, Mansoor Jamal & Co

Al Busaidy, Mansoor Jamal & Co is regarded as 'a point of reference in the Omani legal market', with it adeptly handling matters of the utmost complexity and significance for clients. Recent work included advising on privatisations, the establishment of limited liability companies and the restructuring of government-owned companies. The practice is led by Mansoor Jamal Malik and Ardeshir D Patel; Malik has more than 35 years of experience in the Omani market, while Patel is recommended as 'an excellent lawyer to work with, and very knowledgeable and approachable'.

Practice head(s):

Mansoor Jamal Malik; Ardeshir D Patel

Other key lawyers:

Ahmed Al Busaidy

Testimonials

‘AMJ is a point of reference in the Omani legal market. There are few reputable and well recognized law firms in Oman and AMJ is indeed one of them. The team at AMJ is well placed to support on a wide range of legal issues and is well introduced in the local community.’

‘Al Busaidy Mansoor Jamal and Co (AMJ) repeatedly deliver excellent legal advice and the firm has an has a good spread of lawyers with in depth knowledge of Omani laws, regulations and practice. Great individual lawyers to work with and always feel confident that when you approach the AMJ, you will be getting sound, relevant legal assistance to help you along your way.’

‘Very responsive and diligent. Great team and a pleasure to work with.’

‘AMJ is clearly the leading law firm in Oman and this is reflected in the quality of their legal advice on local law matters which is far more thorough and definitive when compared with other peer firms in Oman. They combine their strong knowledge of the law, with clear practical views which makes them a very good partner firm to work with.’

‘We have been working mainly with Ardeshir Patel. Whilst being a very competent lawyer in his field, he always shows a pro-active attitude and accountability on the tasks assigned to him. Hands on and very supportive.’

‘Ardeshir Patel is an excellent lawyer to work with, very knowledgeable and approachable. Adi takes a very pragmatic approach to resolving legal problems and is a thorough, well rounded legal professional. Highly recommended.’

‘Despite being the managing partner, Mansoor Jamal Malik is readily accessible and adds great value through his years of experience, both from a legal and commercial perspective which clients really appreciate. Ardeshir Patel in the corporate practice is also very easy to access, and like Mansoor, will provide practical advice which clients can appreciate and act upon. Both Mansoor and Ardeshir are also very collaborative and easy to work with.’

Key clients

A’Saffa Foods S.A.O.G.

ABB Asea Brown Boveri Ltd

Ad-Dhahirah Generating Company SAOC

Advanced Energy Systems

Al Asilah Desalination Company SAOC

Al Batinah Power Company SAOG

Al Hassan Engineering Company SAOG

Al Rusail Power Company SAOC

Alizz Islamic Bank SAOG

Bahwan Engineering Company LLC

Bank Muscat SAOG

Bank Nizwa SAOG

Barka Desalination Company SAOC

C.C. Energy Development S.A.L

Dhofar Generating Company SAOG

Electricity Holding Company SAOC (Nama Holding) and its subsidiaries

Engie Middle East, South and Central Asia & Turkey

Equitativa (Dubai) Limited

Equitix Investment Management Ltd.

FIM Partners

Government of the Sultanate of Oman, represented by the Ministry of Finance

Hark Capital Limited

Interserve Group Holdings Limited

Iskan Oman Investment Company SAOC

Majid Al Futtaim Group LLC

Marubeni Middle East & Africa Power Limited

Masirah Oil Limited

Meethaq Islamic Banking

Muscat National Development and Investment Company SAOC (ASAAS)

Musa

Work highlights

  • Advised each of the State General Reserve Fund and Rakiza Feeder Fund 1 (Guernsey) (in their respective capacities as sponsors), Oman Infrastructure Investment Company S.A.O.C. (in its capacity as investment manager and issue manager), Equitix Investment Management Ltd (in its capacity as international fund manager) and both Morgan, Lewis & Bockius LLP and Ashurst LLP (in their capacities as international counsel to the State General Reserve Fund and Equitix Investment Ltd, respectively) on structuring, establishment and listing of the Government of Oman’s State General Reserve Fund’s first-ever US$2 billion infrastructure fund (that is, the Rakiza Master Fund).
  • Advised Nama Holding on divestment of 49% of its shares in Oman Electricity Transmission Company SAOC (OETC), Oman’s state-owned power transmission company, in favour of State Grid International Development Ltd, China (SGID) in the first major privatization by the Middle East’s largest non-OPEC oil producer.
  • Advised Musandam Power Company on initial public offering of shares in the largest electrical generating plant located within the strategically important Musandam Governorate of Oman, majority-owned by the Government of Oman.

Al Tamimi & Company

Al Tamimi & Company has recently been heavily involved in representing international clients making investments in Oman. The firm frequently receives instructions from prominent international law firms, including members of the Magic Circle and Silver Circle. The Oman office is led by Ahmed Al Barwani, while senior associate Arif Mawany is dual-qualified in England and Wales and Oman.

Practice head(s):

Ahmed Al Barwani

Other key lawyers:

Arif Mawany

Key clients

Chevron Asia Pacific Holdings

Retail Food Group

Larsen & Toubro

Daleel Petroleum

Vertex Pharmaceuticals

Goldman Sachs

ORPIC (now, OQ)

Kerry Group plc

Oman & Emirates Investment Holding S.A.O.G.

Aster DM Healthcare

China State Construction Engineering Corporation

Muscat National Development and Investment

Jacobs Engineering

Petroliam Nastional Berhad (Petronas)

Oman Investment Fund (part of the Ministry of Finance)

Work highlights

  • Advising Mitsubishi UFJ Financial Group, Inc, as local counsel on its €5.6bn acquisition of DVB’s Aviation Finance division containing a portfolio of aircraft finance assets.
  • Advising GBT IV, a fund managed by American Express Global Business Travel, as local counsel on the acquisition of 65% of the shares in a joint venture company controlled by Kanoo Travel Services.
  • Advising Excellence Logging as local counsel on the £50m acquisition of the data logging business from Weatherford International and its Omani subsidiary.

Dentons

Dentons' corporate and commercial practice advises on high-value M&A transactions and joint ventures, as well as commercial agreements in the telecommunications, real estate and tourism sectors. The practice is led by Jamie Gibson, who joined the firm in November 2019 from Trowers & Hamlins LLP. Former practice head Nick Simpson has relocated to the firm's Saudi Arabia office, but remains active in the Omani market. Senior legal consultant Simon Topping specialises in the technology and telecommunications sectors. Senior associate Darshi Sanganee is another name to note.

Practice head(s):

Jamie Gibson

Other key lawyers:

Simon Topping; Darshi Sanganee

Testimonials

‘A team of very experienced lawyers. They always manage to offer us a lawyer with the right set of expertise. They listen to the concerns of the business and provide practical advice. They are professional yet very approachable.’

‘Darshi Sanganee provided remarkable service, and I felt at times that she is part of my in-house team. Darshi was very responsive and got very involved on all our matters. Dali Al Habboub is a remarkable lawyer, while unconventional in many ways, I would definitely say that he is one of the best dispute resolution lawyers I have worked with.’

Key clients

Supreme Council for Planning

National Bank of Oman

Bank Dhofar SAOG

OQ (Oman Oil and Orpic groups)

Nama Holding Company

bank muscat

Citigroup

BAE Systems plc

Bechtel Corporation

Motorola Inc.

Vale S.A.

Virgin Group Ltd.

Air Products PLC

Work highlights

  • Advising Oman Arab Bank on its takeover of Alizz Bank SAOG (AIB), creating a lender with more than $8.4bn in assets.
  • Advised KPS Capital Partners the acquisition of a global business known as Lufkin Industries (a leading global provider of rod lift products, technologies, services and solutions to the oil and gas industry) from Baker Hughes.
  • Assisting an international bidder with acquiring a stake in Muscat Electricity Distribution Company as a part of the privatisation process.

Al Alawi & Co. Advocates & Legal Consultants

Al Alawi & Co. Advocates & Legal Consultants' corporate and commercial practice is particularly focused on work in the energy and mining sectors, as well as acting for state bodies. The team is led by Sahil Taneja, who is praised by clients for being 'responsive' and offering 'very good legal knowledge'. He is also noted for providing 'clear and practical advice in a timely manner'.

Practice head(s):

Sahil Taneja

Testimonials

‘Responsive, very good legal knowledge.’

‘Sahil Taneja: clear and practical advice in a timely manner, excellent to work with.’

‘We hired this firm for one of our restructuring plan and they delivered their legal opinions with all options and implications thereafter. This clearly helped in defining our strategy and it worked. The lawyers were quite approachable and understood us . Before presenting their opinions, they went beyond their sphere and gave opinions which were right on time.’

‘The people in this firm are very flexible to deal with and patient enough to listen to the customers’ requirements. Sahil Taneja, the partner of the firm is very accommodating in character, as well as giving excellent support for our business needs.’

‘We have been working with them for several years without regrets.’

‘Al Alawi team works with you closely to understand the case and ask all the right questions in order to address and defend clients cases and needs. Cost effective solutions and working hard to address the situation based on their long time experiences.’

Key clients

Salalah Free Zone Company SAOC

Ecolab Inc.

Oman Drydock Company LLC

Oman Global Logistics Group SAOC (ASYAD)

Oman Power & Water Procurement Company (OPWP)

Procter & Gamble

Tractebel Engineering GmbH

Al Tasnim Group

Blue Star Limited

Talabat Electronic & Delivery Services LLC

Al Rimal Mining LLC

Work highlights

  • Advising Salalah Free Zone Company, one of the largest free zones in Oman, in a complex restated natural gas supply arrangement with the Ministry of Oil and Gas in pursuance of a new revenue framework.
  • Advising Ecolab Inc. on Omani law repercussions of a global restructuring exercise necessitated by global spin-off of their energy services upstream business from the water and downstream business.
  • Advising Oman Drydock Company LLC on a consolidated shipbuilding agreement relating to the construction of 101 vessels at the Company’s dockyard in the recently established special economic zone in Duqm.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP experienced changes at the top of the team in 2020, with Mehdi Al Lawati (who was promoted to partner in November 2019) taking over as the practice head from Leopold Zentner, who retired. The practice continues to handle corporate and commercial matters for a wide range of clients, including multinational companies, domestic Omani companies and state bodies.

Practice head(s):

Mehdi Al Lawati

Other key lawyers:

Malcolm Abaza

Key clients

National Finance Company

OMINVEST

Mazoon Dairy Company SAOC

Majis

Oman Oil Marketing Co

Taageer Finance Co

A’Namaa Poultry Co

Oman Broadband Company

Oman Aquaculture Development Company

Blue Waters

Oman Shrimp Aquaculture

Oman Technology Fund

Octal

Synergies Castings LLC

Oman Investment Authority

Caledonian College of Engineering, Oman Medical College and the National University of Science and Technology

Oman Air SAOC

Work highlights

  • Advised Oman National Investment Corporation SAOC in respect of its acquisition of part of a private equity fund registered in Singapore, and subsequent investment in the fund as a limited partner.
  • Advising the government funded food security project Mazoon Dairy Company SAOC on all aspects of its project development in Oman. Curtis assists them on all their corporate, commercial and corporate governance matters. The project has a total value of 260 Million USD.
  • Advising OMINVEST on a wide range of investment, new projects, corporate governance and regulatory matters during the year. This has included work for its subsidiaries.

Said Al-Shahry & Partners (SASLO)

Said Al-Shahry & Partners (SASLO) stands out for its work in the oil and gas sector, advising on acquisitions in this sector as well as commercial agreements. The team is also active in other industries, including logistics, construction and consumer goods. Practice head Thamer Al Shahry is praised as a lawyer 'who can advise on complex matters and yet make it look very simple and approachable'. The team was bolstered this year with the addition of experienced corporate lawyer Jeremy Pooley from White & Black Limited.

Practice head(s):

Thamer Al Shahry

Other key lawyers:

Jeremy Pooley; Graham Mouat

Testimonials

‘The team at SASLO is approachable. They have in-depth expertise in the local regulations and are always available with pragmatic solutions.’

‘Thamer is one of such lawyers, who can advise on complex matters and yet make it look very simple and approachable.’

Key clients

Abengoa

Abu Dhabi Fertilizer Co. LLC

ACWA Power Barka SAOG

Ahli Bank SAOG

Ahli United Bank B.S.C.

Al Asilah Desalination Company SAOC

Al Fair LLC

Al Ghubra Power & Desalination Co. SAOC

Al Hilal Mena Fund

Al Jizzi Transformers & Switchgears LLC

Al Maha Ceramics Company SAOG

Al Rajhi for Development – Oman

Amazon

Automobili Lamborghini S.p.A.

Baader Bank AG

Bank Muscat SAOG

Barka Desalination Company SAOC

Barwa Bank

Capital Market Authority

CB&I (Chicago Bridge & Iron Co.LLC)

Dhofar Power Company SAOC

Embassy of the United States of America

Facebook

Fedex Express International

Frames Process Systems BV

Frontier Investment Management Partners Ltd.

Genoyer SAS

Global Technologies

Gulf Air

HSBC Bank Oman SAOC

Huawei

Kunooz Oman Holding SAOC

Lighting Technology Factory

Muscat Electricity Distribution Company SAOC

Muscat University

Nestlé Middle East FZE

Octal SAOC FZC

Oman Air SAOC

Oman Aviation Services SAOC

Oman Broadband Company SA

Work highlights

  • Advising ASYAD, the government arm that consolidates all the public investments in ports, free zones, rail, maritime road transport companies, on a bespoke and novel framework agreement with Ministry of Transport, aiming to implement various logistic projects identified in the Oman Logistics Strategy 2040 (“Tanfeedh”).
  • Advising ASYAD, Oman’s new integrated logistics provider, on the restructuring and change in shareholding in the International Maritime College Oman, which provides academic and vocational training for seafaring, ports, transport, maritime, logistics, and the process engineering industry in Oman.

BSA Al Rashdi & Al Barwani Advocates & Legal Consultants in Association with BSA Ahmad Bin Hezeem & Associates LLP

BSA Al Rashdi & Al Barwani Advocates & Legal Consultants in Association with BSA Ahmad Bin Hezeem & Associates LLP provides ongoing corporate and commercial advice to a range of clients, including local and multinational corporates. The key figure in the practice is Arsalan Tariq, who made partner in February 2020 and moved from the firm's Dubai office to its Muscat office in August 2020. Mundhir Al Barwani and senior associate Ralph Hejaily are also notable contacts.

Practice head(s):

Arsalan Tariq

Other key lawyers:

Mundhir Albarwani; Ralph Hejaily

Key clients

Maisarah Islamic Bank

TMK

Alizz Islamic Bank

Ahli Bank

Tanmia

ASAAS

Shaksy Group

Halliburton

Cobra Tadagua

Asyad Group / Oman Post SAOC

Huawei Tech Investment (Oman) LLC

Aggregates Manufacturing Plant SAL

Babcock International Oman LLC

MBC Group (FZ) LLC

Delta Corporation WLL

German Cathodic Protection & Co LLC

Lebanese American University (LAU)

Work highlights

  • Acted as the exclusive legal retainer for Maisarah Islamic Bank. In addition, the firm advises on day-to-day regulatory matters. It has also developed musharakah-based Islamic property financing documents for under-construction properties.
  • Regularly advise TMK on corporate matters and frequently issue opinions for the board of directors and shareholders.
  • Developed and drafted a suite of service ijarhah documentation for Alizz Islamic Bank.

Clyde & Co LLP

Clyde & Co LLP's varied corporate practice handles matters for clients across a wide range of sectors, including M&A, joint ventures and commercial agreements. The group as a whole is 'professional, very resourceful and experienced'.

Other key lawyers:

Emma Higham

Testimonials

‘Professional, very resourceful and experienced.’

Key clients

OMINVEST

G6 International

Dura-Line Middle East LLC

Majis Industrial Services

Arla Foods Amba

Oman Cables Industries Co

Work highlights

  • Advising Majis on its agreement to invest a substantial amount with Utico, the UAE’s leading private utility company.
  • Advising Arla on its distribution network in Oman following the acquisition of certain distribution rights from Kraft Heinz.
  • Advising G6 International on its joint venture project, Kansai Paints Middle East, and matters related to various jurisdictions.

CMS Cameron McKenna Nabarro Olswang LLP (in association with Al Rashdi, Al Juma and Ewing Advocates and Legal Consultants)

CMS Cameron McKenna Nabarro Olswang LLP (in association with Al Rashdi, Al Juma and Ewing Advocates and Legal Consultants) undertakes a wide range of corporate and commercial work, including advice on corporate transactions, concession agreements and logistics contracts. The firm also provides advice to clients on commercial agreements related to developments such as residential complexes. Ben Ewing and Mary Allan, who jointly lead the team, have significant experience in the Omani market.

Practice head(s):

Ben Ewing; Mary Allan

Key clients

Majis Industrial Services SAOC

Al Osool International Real Estate Development Company LLC

Kunooz Oman Holdings SAOC

Pacific Drilling

ZTE Corporation

MB Holding LLC

BTA International Food Beverage Services Industry and Travel Joint Stock Company

KCA Deutag Drilling Gmbh

Petrogas Exploration & Production LLC

Daleel Petroleum Co. LLC

Oman Investment Fund (now part of the Oman Investment Authority)

Jindal Steel and Power (Mauritius) Limited

Arabian Gas and Oil Development Company

Omani Hospitality Company SAOC

Alawi Enterprises LLC

Saint-Gobain Gyproc Middle East FZE

Zawawi Powertech Engineering LLC

Polyeco Gulf LLC

Savills PLC

SEM Energy Limited

Amouage SAAC

Work highlights

  • Advised on a sale of shares in Jindal Shadeed Iron and Steel LLC (JSIS) in a transaction that values JSIS at over $1n (enterprise value).
  • Drafting (and negotiating with the applicable counterparties) all of Majis’ agreements pertaining to its industrial water business.
  • Acted as Omani counsel to Petrogas Exploration & Production LLC on the acquisition, together with HitecVision, of a portfolio of upstream assets in the UK North Sea from Total for $635m.