Al Busaidy, Mansoor Jamal & Co > Muscat, Oman > Firm Profile
Al Busaidy, Mansoor Jamal & Co Offices
MUSCAT INTERNATIONAL CENTRE
BAIT AL FALAJ STREET, PO BOX 686
112 MUSCAT
Oman
Al Busaidy, Mansoor Jamal & Co > The Legal 500 Rankings
Oman > Banking and finance Tier 1
Al Busaidy, Mansoor Jamal & Co’s banking team is routinely involved in some of the most prominent conventional and Islamic financing transactions in Oman, and stands out for its expertise in advising on re-capitalisations, leveraged, ship and aviation finance. The group is also adept at handling regulatory issues. Managing partner Mansoor Malik is a project finance expert with nearly four decades of experience in Oman and the wider region. Marcus Pery focuses on syndicated lending, trade and ECA finance, and restructurings. Zarrar Mir is a key name for Islamic finance work.Practice head(s):
Mansoor Malik; Marcus Pery
Other key lawyers:
Testimonials
‘Strong knowledge of the law and good judgement and decision-making skills. Good drafting skills. Good communication and listening skills. Special mention for Zarrar Mir for his dedication and attentive support.’
Key clients
Ahli Bank SAOG
Arab Bank Plc
Arab Banking Corporation B.S.C.
Bank Dhofar SAOG
Bank Muscat SAOG
Commerzbank AG
Emirates NBD PJSC
First Abu Dhabi Bank PJSC
National Bank of Bahrain
National Bank of Oman SAOG
Oman Arab Bank SAOG
Sohar International Bank SAOG
Work highlights
- Acting as counsel to several financiers in respect of the debt restructuring of the Zubair Holding S.A.O.C. and its subsidiaries.
- Advised Bank Muscat SAOG in respect of providing an OMR 375,000,000 term loan facility and an OMR 150,000,000 revolving credit facility to Energy Development Oman SAOG.
- Acting as counsel to Bank Dhofar SAOG on providing a OMR 30,000,000 term loan facility to Oman Tower Company LLC for refinancing its existing debt.
Oman > Commercial, corporate and M&A Tier 1
Al Busaidy, Mansoor Jamal & Co is well regarded for its strength in handling M&A transactions, buyouts and takeovers, joint ventures, share and asset transfers, and capital market matters. Senior partner Mansoor Jamal Malik
brings over 40 years of experience in the corporate space, and is 'incredibly strong in all aspects of Omani law, combining this knowledge with a very commercial and solutions driven approach'. Ardeshir D Patel is a key name for assisting with capital markets, restructuring, M&A and corporate governance and compliance issues, and is equally strong at handling cross-border strategic investments between Oman and India. Practice head(s):
Mansoor Jamal Malik; Ardeshir Patel
Testimonials
‘The team is very professional and gives practical advice on all Omani law matters. One-shop-stop for varied transactions makes it effective for their clients.’
‘We have been working with Ardeshir for many years and he has always provided sound advice and has good experience across the board.’
‘Strong grasp of Omani law concepts and generally have great experience being involved in all significant Omani transactions which is of great benefit to international clients.’
‘Mansoor is incredibly strong in all aspects of Omani law, combining this knowledge with a very commercial and solutions driven approach.’
‘Market leader. Broad experience of major M&A transactions in market and local contacts required to get transactions done.’
‘Mansoor J. Malik has exceptional experience in Omani laws and provides practical advice that addresses clients’ needs. The quality and availability is exceptional and reliable at all times.’
‘Extremely responsive, attentive to details, anticipate our needs, proactive guidance.’
Key clients
Acwa Power Projects
Ad-Dhahirah Generating Company SAOC
Ahli Bank
Al Asilah Desalination Company SAOC
Al Batinah Power Company SAOG
Al Rusail Power Company SAOC
Al Suwadi Power Company SAOG
Alawi Enterprises LLC
Bank Muscat SAOG
Bank Nizwa SAOG
Government of the Sultanate of Oman, represented by the Ministry of Finance
HSBC Group
Musandam Power Company S.A.O.G.
Muscat National Development and Investment Company SAOC (ASAAS)
Muscat Pharmacy and Stores LLC
National Bank of Oman SAOG
Oman Qatar Insurance Co. SAOG
Oman Reinsurance Company SAOG
Oman Tourism Development Company SAOC (OMRAN)
Ooredoo Oman
Renaissance Services SAOG
Work highlights
- Advised HSBC Oman on its merger with Sohar International Bank.
- Advised Oman Qatar Insurance Co. SAOG in connection with its merger with Vision Insurance Company SAOG.
- Advised Bank Muscat SAOG in connection with its issuance of subordinated perpetual bonds.
Oman > Dispute resolution Tier 1
Al Busaidy, Mansoor Jamal & Co ‘punches above its weight and is a safe pair of hands‘ in the dispute resolution arena in Oman. The practice has strength in advising on a full spectrum of contentious matters, including commercial and civil litigation, criminal claims and employment disputes. Sharia law cases are a recognised area of expertise for the team. Firm co-founder Said Al Busaidy is a leading commercial litigator in Oman, and co-founder Mansoor Malik is often involved in high-value arbitration cases involving commercial and construction contracts, often involving infrastructure projects. Ayman Ali is ‘a shrewd lawyer with an extensive experience and knowledge of the law and disputes’, often acting in contentious commercial and contractual matters, fraud cases, and insolvency and restructuring disputes. Mohammed Yousef and Majda Al Riyami are also key practitioners.Practice head(s):
Mansoor Malik; Said Al Busaidy; Mohammed Yousef; Ayman Ali; Majda Al Riyami
Testimonials
‘AMJ is without doubt the market leader in Oman in dispute resolution with an ability to handle large scale litigation both in the local civil and criminal courts and arbitration.’
‘Mansoor Malik is an expert in company law, banking and contracts. He is very hard working and is highly respected in Oman.’
‘Al Busaidy, Mansoor Jamal & Co have a peerless dispute resolution team in Oman with unmatched expertise in the energy, infrastructure and construction sectors. ’
‘Mansoor Malik has a meticulous understanding of the law, can get across the details of the most complex disputes quickly and efficiently and is a delight to work with.’
‘Majda Al Riyami – adept at navigating the complexities of the labour in our industry, understanding the principal objectives, and effectively handling the case within the Labour Laws of the land.’
‘The firm punches above its weight and is a safe pair of hands. It has a good reputation throughout the ME region and has knowledgeable and capable lawyers. The service we receive is efficient and proactive, friendly and high quality. ’
‘Ayman Ali is a shrewd lawyer with extensive experience and knowledge in the law and disputes. He has exceptional legal expertise and he is committed to the ethical practices. He is attentive to his clients and respectful to the due dates. He has excellent written communication and interpersonal skills. All of the above make him the most reliable and exemplary lawyer.’
‘Mansoor Malik and Ayman Ali are stand-out partners. They are always available as and when required and always provide proper and accurate professional advice.’
Key clients
Bank of Baroda
Desert Line LLC
Interwell LLC
Larsen & Toubro (Oman) LLC
Ministry of Defence Pension Fund
Muscat National Development & Investment Company SAOC (ASAAS)
National Aluminium Company SAOG
National Bank of Oman SAOG
National Finance Co SAOG
Northern Minerals Company LLC
Oman Arab Bank SAOG
Oman International Container Terminal LLC
Oman Shapoorji Company LLC
Sohar International Bank SAOG
Suhail Bahwan Group
Taageer Finance Co SAOG
Wipro Limited
Work highlights
- Acting for National Aluminium Products Co. SAOG in a contractual dispute with an insurance company.
- Acting on behalf of the Bank of Baroda for the recovery of US$40 million from a defaulting customer in the health sector.
- Acting on behalf of a leading national bank for the recovery of more than OMR 10 million.
Oman > Projects and energy Tier 1
Al Busaidy, Mansoor Jamal & Co is home to ‘the go to team for project finance and energy work in Oman'. The group continues to advise the Government on the privatisation and restructuring of electricity, water, wastewater, oil and gas assets in Oman. Other key drivers of work include advising on foreign investment, project finance, tender and procurement processes, and EPC contracts. Mansoor Jamal Malik is a highly regarded practitioner in the department, with established strength in handling M&A and PPP matters in the energy sector. Banking partner Marcus Pery is a key figure in the group, and Ravinder Singh, an expert in mining, renewable energy and hydrogen projects, is a name to note.
Practice head(s):
Mansoor Jamal Malik; Marcus Pery; Ravinder Singh
Testimonials
‘The AMJ team is the go to team for project finance and energy work in Oman. They are responsive, detail oriented, helpful and practical. ’
‘Mansoor Jamal and Marcus Pery stand out as the go-to firm for projects / project finance work in Oman. ’
‘They are commercial, responsive, and always clear in their advice.’
‘Always a very prompt return with any works requested. Good at keeping you updated and appraised of how things are progressing. ’
‘Ravinder and Mansoor have been very helpful and efficient in addressing anything we have put to them.’
Key clients
Ad-Dhahirah Generating Company S.A.O.C
Al Rusail Power Company SAOC
Al Suwadi Power Company SAOG
Barka Desalination Company SAOC
Dhofar Generating Company SAOG
EDF Renouvelables S.A
ENGIE Middle East, South & Central Asia and Turkey
Khazaen Economic City LLC
Meethaq Islamic Banking
Musandam Power Company SAOG
Nama Group
OQ SAOC
Sembcorp Jinko Shine SAOC
Shams Ad-Dhahirah Generating Company SAOC
Shinas Generating Company SAOC
SMN Power Holding Company SAOG
United Power Company SAOC
Work highlights
- Acted for the successful bidder consortium in relation to Manah 1 Solar IPP project.
- Advised ACME Solar Holding on the legal and regulatory framework applicable to power generation, water desalination, access to the ports, and green hydrogen production, restrictions under Omani law and free zone regulations.
- Acted for the Lenders to GS Inima Barka 5 Desalination Company S.A.O.C. with respect to the Barka 5 IWP Project.
Oman > Real estate and construction Tier 1
Al Busaidy, Mansoor Jamal & Co is routinely instructed in some of the most high-profile commercial real estate and infrastructure projects in the Omani market, including mixed-use retail projects, hotels and solar energy parks. Senior partner Mansoor Jamal Malik continues to assist construction clients, sponsors and contractors with the preliminary stages of a PPP project involving building, financing and operating 42 school buildings. Projects expert Ravinder Singh is another key name to note.
Practice head(s):
Mansoor Jamal Malik
Other key lawyers:
Key clients
Action Hotels Group
First Qatar Real Estate Development and Co
Hotel Management Company International SAOG (Chedi Muscat)
J. W. Marriott Hotel
Jumeirah International LLC
Khazaen Economic City LLC
Muscat Intercontinental Hotel
Muscat National Development and Investment Company SAOC (ASAAS)
Oman Investment Corporation SAOC
Oman Shapoorji Company LLC
Oman Tourism Development Company SAOC (OMRAN)
Work highlights
- Advised Oman Investment Corporation SAOC and Khazaen Economic City LLC on the development and management of an integrated logistics, dry port, industrial, commercial, and residential city known as Khazaen Economic City.
- Acted for Bank Muscat on financing the development of Mudhaibi Water Distribution Project by Towell Infrastructure Projects Co. LLC
- Advised an integrated residential and leisure development company on a funding matter arising from the development of a residential complex.
Oman > Shipping Tier 1
Al Busaidy, Mansoor Jamal & Co handles the full spectrum of maritime matters, ranging from ship financing, carriage of goods and marine insurance to accidents at sea. Under the leadership of Mansoor Jamal Malik, the practice is also noted for its experience in setting up maritime companies and advising on contractual matters. Practice head(s):
Mansoor Jamal Malik
Testimonials
‘AMJ is a solid Oman law practice, with one of the most knowledgeable and experienced teams in the Oman market. We regularly rely on AMJ for their expertise on port related issues and regulatory and corporate governance matters. I would rate AMJ as a top tier firm, right up there with all the other international firms. Their key strengths include great communication, timely response and in-depth understanding of the Omani legal landscape. ’
‘Mansoor Jamal is a star in the Omani market. He is our ‘go to’ person for complex legal problems. He pays personal attention to our matters, supervising the work of the associates which is reassuring to us as clients that our work is getting the consideration it needs. ’
Key clients
KEO International Consultants W.L.L. (Oman Branch)
Khazaen Economic City LLC
Ministry of Environment
Oman International Container Terminal LLC
Oman Investment Corporation SAOC
Port of Duqm Company SAOC
Work highlights
- Acting for the Government of Oman in an ongoing case concerning liability for marine pollution, clean up and vessel salvage, applicable international law and a claim with the International Oil Pollution Compensation (IOPC) Fund.
- Advising Oman International Container Terminal LLC (Hutchison Sohar) on the management of Khasab Port.
- Representing Inchcape Shipping Services in a lawsuit brought against it by Joshi John Trading in relation to the recovery of cargo valued at OMR 11,000, plus moral compensation for damages valued at OMR 4,000.
Al Busaidy, Mansoor Jamal & Co > Firm Profile
The firm: Al Busaidy, Mansoor Jamal & Co (AMJ) is a top-tier, full-service law firm of international quality established in Oman for over 30 years. It has been described as a rarity in the Middle East being an independent, national firm that tops the legal rankings and is widely considered the strongest adviser in the market. It has expanded to become the largest law firm in Oman providing clients with significant in-country breadth and depth of expertise. Eight teams of experienced UK, US and commonwealth-trained solicitors, barristers, Arab law specialists and Omani advocates serve a large portfolio of international and regional corporates, financial institutions, government bodies, trading houses, and high-net-worth individuals. The team includes most elite and ranked lawyers in the jurisdiction known for their involvement in innovative, ‘first of a kind’ deals and landmark projects in Oman and the region. Recent highlights include the restructuring of Oman’s aviation, transport and logistics sectors, logistic and financial sectors, advising the government on the establishment of its first sovereign sukuk programme and debut US$2bn international sukuk issuance thereunder, and advising IPIC on its US$125m merger with Mubdala Development Company, one of the largest ever globally.
Areas of practice
Banking and finance: AMJ’s banking and finance team handles large-scale domestic and cross-border transactions for Omani and international banks, international finance and export credit agencies, government bodies, issuers, asset managers, funds, private equity participants and project sponsors. They advise borrowers and lenders on syndicated and multilateral loan and credit facility agreements and related security packages, project finance, corporate finance, ship and aircraft finance, leveraged and acquisition finance, asset and real estate finance, and corporate restructurings. In 2017 AMJ was involved in all the government’s external borrowings exceeding US$10bn. The team also won heavyweight mandates from international and regional banking institutions in the wholesale lending market, and AMJ’s dedicated Islamic finance team advised on numerous ‘first of a kind’ Islamic and hybrid real estate development financings and product development.
Corporate and capital markets: AMJ has the largest corporate/capital markets and M&A practice in Oman advising the government of Oman, leading corporates and institutions on a full spectrum of corporate and capital markets work. They regularly act for corporate clients in headline capital market transactions, funds, bonds, sukuk, IPOs, rights issues, private equity transactions, privatisation projects, complex restructurings and M&A. They provide advisory on the full range of securities laws and regulations, bankruptcy, corporate governance, compliance and other regulatory issues. AMJ has been at the forefront of ground-breaking capital market developments such as swaps, derivatives, and Oman’s rapidly developing Islamic finance segment. Recent highlights include the government’s debut US$2bn international sukuk issuance under its first-ever sukuk programme; US$2.5bn sovereign bond issuance, three IPOs and restructurings in the insurance sector, and cross-border acquisitions of controlling interests in leading Omani companies.
Litigation and arbitration: AMJ’s strong reputation stems from its success in handling complex, high-profile claims before the Omani courts as well as in conducting international and regional arbitrations in centres such as LCIA, ICC, GCC Commercial Arbitration Centre and Dubai International Arbitration Centre. Three teams of 18 litigation specialists advise on a wide range of commercial litigation, banking litigation and regulatory proceedings, administrative law claims, employment, private property disputes, Shariah and criminal cases. Each team includes international lawyers with multi-jurisdictional experience, and a large cadre of Omani advocates, all licensed to practise by the Oman Ministry of Justice (four Supreme Court-licensed litigators, nine Court of Appeal licensed and eight licensed arbitrators). The firm’s dedicated administrative law team is unique in the jurisdiction and considered influential in shaping amendments to Oman’s administrative law through the establishment of legal precedents in cases handled since 2000. AMJ is also recognised as a market leader in criminal law, in particular white-collar crime, insolvency and liquidation, trade union disputes and collective bargaining.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Banking and finance | |||
| Capital markets | |||
| Commercial | |||
| Construction | |||
| Corporate and M&A | |||
| Employment | |||
| Intellectual property | |||
| Islamic finance | |||
| Litigation and arbitration | |||
| Projects | |||
| Real estate | |||
| Regulation and governance | |||
| Restructuring and insolvency | |||
| Tax |
Lawyer Profiles
| Photo | Name | Position | Profile |
|---|---|---|---|
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Mr Ahmed Al Busaid | Ahmed is a Senior Associate in AMJ’s Corporate/Commercial Department. Ahmed’s areas of… | View Profile |
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Dr Said Hilall Al Busaidy | Head of the dispute resolution department. Dr Said specialises in litigation, arbitration,… | View Profile |
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Mr Armughan Ashfaq | Armughan is a Senior Associate in AMJ’s Corporate/Commercial Department. Armughan advises on… | View Profile |
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Mr Ahmed Hashim | Consultant Ahmed Hashim has extensive experience advising international and regional corporate and… | View Profile |
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Mr Faiz Khan | Faiz is a Consultant with AMJ’s Corporate/ Commercial practice. Faiz’s areas of… | View Profile |
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Mr Mansoor Jamal Malik | Mansoor is AMJ’s founder, managing partner and head of the corporate commercial… | View Profile |
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Mr Zarrar Mir | Zarrar is an associate in AMJ’s Corporate and Commercial department. Zarrar’s areas… | View Profile |
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Mr Ardeshir D Patel | Partner in AMJ heading the firm’s market-leading corporate and capital markets team.… | View Profile |
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Mr Marcus Pery | Marcus is a Partner who heads AMJ’s banking and finance team. Marcus… | View Profile |
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Mr Ravinder Singh | Ravinder is a Senior Associate in AMJ’s Projects and Commercial team. His… | View Profile |
Staff Figures
Number of lawyers : 42Languages
Arabic Baluchi English Farsi French German Gujarati Hindi Marathi Punjabi Russian Swahili UrduOther
Contacts : Mansoor Jamal Malik Contacts : Dr Said Hilall Al BusaidyLegal Briefings
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Changes to the bankruptcy and restructuring legal framework in Oman
While it has been in place since 1990, the legal framework governing bankruptcy and restructuring in Oman underwent a qualitative change in 2018 and 2019 with the issuance of the new Criminal Law (Royal Decree (RD) 7/2018) (the Criminal Law) and the Bankruptcy Law (RD 53/2019) (the Bankruptcy Law), which may have a significant impact …