BSA Al Rashdi & Al Barwani Advocates & Legal Consultants > Muscat, Oman > Firm Profile

BSA Al Rashdi & Al Barwani Advocates & Legal Consultants
OFFICE 407, BLOCK 1, AL ASSALAH TOWERS
SAUD BAHWAN PLAZA, SULTAN QABOOS STREET
AL GHUBRA SOUTH, PO BOX 435 MUSCAT
Oman

Oman > Banking and finance Tier 2

The banking team at BSA Al Rashdi & Al Barwani Advocates & Legal Consultants combines ‘deep-rooted expertise in banking and finance law with an extensive understanding of the financial markets in Oman and the broader MENA region'. Under the leadership of Arsalan Tariq, the group is well known for its strength in Islamic finance, corporate and acquisition finance and debt issuance work. Capital markets matters are a growing area of instruction for the team; Tariq regularly advises on local and international bond and Sukuk issuances.

Practice head(s):

Arsalan Tariq

Testimonials

‘The practice distinguishes itself through a combination of deep-rooted expertise in banking and finance law, coupled with an extensive understanding of the financial markets in Oman and the broader MENA region. The team has strong competencies in syndications, DCM, project finance, and structured finance, which provides clients with a comprehensive service offering. A diverse team that understands both local and international banking regulations, they are well-equipped to serve clients who operate in a multi-jurisdictional environment.’

‘Arsalan Tariq has been instrumental in several high-profile deals, demonstrating an extraordinary ability to navigate complex regulations. His understanding of both local and international law is impeccable.’

‘This practice is uniquely positioned in the field of banking, finance, and Islamic finance and is one of the very few law firms in Oman who have Islamic finance capabilities. The team is known for structuring complex financial transactions, providing strategic legal advice, and delivering tailored solutions to meet specific needs. Notably, the practice has a very state-of-the-art transparent billing system, further enhancing its client-centric approach.’

‘Arsalan is a standout Islamic finance expert known for his knowledge of Islamic finance.’

‘Arsalan Tariq exemplifies this commitment through their exceptional legal acumen and unwavering client focus. Their ability to navigate complex legal issues while maintaining a client-centric approach is truly remarkable. ’

Key clients

Maisarah Islamic Banking Services, Islamic window of Bank Dhofar SAOG.

Fisheries Development Oman

Oriental Shrimp Aquaculture LLC

Ahli Bank S.A.O.G.

MB Holding Company LLC

National Bank of Oman

Qatar National Bank Q.P.S.C (Oman branch)

Latham and Watkins / Mastercard

Muzn Islamic, Islamic window of National Bank of Oman

Work highlights

  • Advised National Bank of Oman on a OMR 670,000,00 restructuring of Zubair Group and its subsidiaries.
  • Advising Muzn Islamic on the extension of a OMR 30,000,000 financing to Oman REIT Fund for acquiring a portfolio of real estate assets in Oman on Diminishing Musharakah basis.

Oman > Commercial, corporate and M&A Tier 2

BSA Al Rashdi & Al Barwani Advocates & Legal Consultants practice is jointly led by Arsalan Tariq and Sahil Taneja, a ‘stand-out corporate lawyer’. The duo bring extensive experience in advising on regional M&A, cross-border investments, corporate restructuring, due diligence and regulatory matters. Associate Yasin Chowdhury is a name to note.

Practice head(s):

Arsalan Tariq; Sahil Taneja

Other key lawyers:

Testimonials

‘Arsalan Tariq is always reachable, responsive, and approachable, which is a crucial aspect of effective collaboration. He consistently goes the extra mile to ensure that communication is seamless and that the matters referred to them are addressed accurately and promptly.’

‘Sahil Taneja is an excellent legal professional. He is able to handle corporate mandates in a most efficient manner. He has broad experience, which sees him take the lead on M&A transactions, real estate projects, EPC contracts and governance issues. He is smart, experienced, well-spoken and commands the respect of senior management within our group.’

‘The corporate team at BSA Oman is first rate; they have advised us on a variety of corporate matters and transactions and are our go-to lawyers in Oman. What makes them stand out is that they have a subject matter specialist for every area of law. They provide sensible and practical advice in a timely fashion, and their knowledge of the Omani legal landscape is formidable.’

‘Sahil Taneja manages BSA’s corporate practice. Sahil is evidently at ease when it comes to M&A mandates, even those as complex as the deal on which we worked together. He is quick on the uptake, commercially sound and knows the Omani legal framework inside-out. As a result, Sahil was able to take charge of a (then) very slow moving transaction and bring it to an expeditious conclusion, a large part of which is owed to his excellent communication and negotiation skills. ’

Sahil Taneja is a stand-out corporate lawyer who has practiced in Oman for over a decade – he is knowledgeable, pleasant, articulate and a great communicator, particularly when it comes to breaking down complex legal issues in a manner that is palatable to a business professional. ’

‘Arsalan Tariq adds great value to the legal services provided by the firm and his deep knowledge and extensive experience make him a valuable asset in the books of any client. His attention to detail and desire to cater to clients’ requests makes him a potent catalyst for the firm to reach its objectives.’

Key clients

Muscat Overseas Group

TMK Gulf International Pipe Industry LLC

Muna Noor Manufacturing & Trading LLC

Adam Safari Park LLC

Stephenson Harwood Middle East LLP

Pewete AG

Latham & Watkins

Halliburton (Oman Branch)

Octal SAOC (FZC)

Fisheries Development Oman SAOC

Musandam Development and Investment Company LLC

Al Safi Danone Company Limited

Moore Pipe Inc

Blue Waters LLC

Work highlights

  • Advised Muscat Overseas Group on a strategic sale of immovable assets valued at US$ 45 million to an SPV.
  • Acting as lead counsel to Fisheries Development Oman SAOC on a proposed merger of its two subsidiaries, Oriental Shrimp Aquaculture LLC and Natural Shrimp Aquaculture LLC.
  • Advised Hefestos Capital, a Serbian investment banking company, on its acquisition of a 100% stake in TMK Gulf International Pipe Industry LLC.

Oman > Dispute resolution Tier 3

Abdulaziz Al Rashdi heads up the practice at BSA Al Rashdi & Al Barwani Advocates & Legal Consultants, which handles a steady workflow of banking, commercial, administrative, civil and construction disputes before Omani courts. International arbitration is another key area of instruction for the team. Arsalan Tariq has solid experience in advising on real estate and energy disputes.

Practice head(s):

Abdulaziz Al Rashdi

Other key lawyers:

Key clients

ALS Logistic Solutions LLC

AlIzz Islamic Bank SAOC

Haitham Abdulnabi Macki

Al Dahra Engineering & Security Services LLC

Airmech Oman LLC

Bank Ahli SAOC

Work highlights

  • Represented a private client against Bank Muscat in a fund recovery matter.
  • Acting on behalf of Bank Ahli SAOC for the recovery of OMR 8 million from the Ministry of Transport, Communication and Information Technology.

BSA is a regional law firm with 9 offices across 5 countries. Our diverse team of 150 lawyers are from 35 cultural backgrounds, speaking 22 languages.  Established in 2001, we opened our first office in Dubai, soon followed by Abu Dhabi, Ras Al Khaimah and Sharjah – providing the firm with bases throughout the UAE. In 2006 BSA were the first local law firm to open in the DIFC, which is where our Dubai headquarters are currently situated.

Cementing BSA as a regional firm, our Beirut office opened in 2010 – the first one outside of the UAE, Muscat, Riyadh and Erbil followed.

In 2015, former Director General of the Dubai Courts, Dr Ahmed Bin Hezeem joined as Senior Partner, forming a board consisting of 6 equity partners and taking the firm in a new direction.

Our key practice areas include litigation, corporate & commercial, arbitration, insurance, banking & finance and IP.

Flagship deals

  • Advised on a first of its kind development in Musandam. Advised on the agreement with OMRAN (the Oman government’s tourism and hospitality investment arm) whereby the client would be appointed to develop certain plots in the Musandam governorate.
  • Represented Muscat Overseas Group, in strategic sale of immovable assets, related licenses and property rights being utilized to operate a hypermarket and valued at USD 45 million, to an acquiring SPV set up by a regional investment fund headquartered in UAE.
  • Acting on behalf of Halliburton for the recovery of USD 11 Million from Oman Lasso Exploration and Production Carawan Limited and defending a counter claim of USD 16 Million filed by Oman Lasso
  • Acting on behalf of Nagarjuna Construction Company Limited for recovery OMR 7 million under an EPC Contract from Ministry of Transport and Communication, Oman.
  • Appointed by the client to represent them in obtaining a Dimishing Musharaka facility from Sohar Islamic, Islamic windows of Sohar Islamic Bank (“Sohar Islamic”).
Department Name Email Telephone
Corporate & Commercial Mundhir Al Barwani mundhir.albarwani@bsabh.com +968 2 421 8555
Litigation & Dispute Resolution Abdulaziz Al Rashdi abdulaziz.alrashdi@bsabh.com +968 2 421 8555
Corporate & Commercial Sahil Taneja sahil.taneja@bsabh.com +968 2 421 8555
Banking & Finance Arsalan Tariq arsalan.tariq@bsabh.com +968 2 421 8555