With the fast development and implementation of technology and the internet in processing operations in private and public sectors, and concluding transactions locally ...

Ministerial Decision (MD) 424/2023 (Ministry of Commerce, Industry & Investment Promotion (MCIIP))...

Many types of bonds are used in Construction projects such as Tender Bonds (sometimes called Bid Bonds), Advance Payment Bonds and Performance Bonds.

The new law in Oman related to companies viz. Commercial Companies Law (hereinafter "CCL") is in effect and it replaces the older Companies Law 1974.

The electricity sector in Oman is a vital pillar of the national economy and has undergone major development over recent decades. Oman has adopted an integrated model spanning generation, transmission, distribution...

The new Commercial Companies Law (CCL) in Oman was enacted by the Royal Decree Number 18 of 2019, (the Law)…

Farah Al Qubtan is a legal professional with expertise in corporate and commercial advisory, commercial disputes, and company formation. She holds an LLB from the University of Reading and completed her Legal Practice Course at the University of Law in London.

When looking at a new market, one question tends to come up early: What happens if the state needs the land or the project?

Farah Al Qubtan is a legal professional specializing in corporate and commercial advisory, commercial disputes, and company formation. With qualifications from the University of Reading and University of Law, London, she brings expertise in multiple areas of business law to her practice at Bait Qanoon.

Below we explain the definition of the contact of Muqawala, the legal developments of the Construction Law, and the types of common disputes related to the construction contract in Oman.

In a decisive move, the Omani Ministry of Commerce ("MOCIIP") has published a set of long-awaited corporate governance principles ("Principles") with which closed joint stock companies (SAOCs).

Earlier this year the Competition Protection and Control of Monopoly Law ("Competition Law") was passed in the Sultanate of Oman under Royal Decree No. 67 of 2014.

Construction projects in Oman are subject to a clear legal framework when it comes to structural defects and building failures. While this framework offers strong protection to employers, it also places significant responsibilities on contractors, designers, and supervising engineers.

Oman has opened the door wider for foreign investors in recent years, with fewer ownership restrictions and a more straightforward set-up process.

Defects in building materials disputes arise for several reasons, such as the poor quality of the materials or their non-conformity with the agreed specifications.

In the last decade, the Middle East has seen both domestic and regional developments in arbitration that are reflective of international best practice.

The new Commercial Companies Law (CCL) in Oman was enacted by the Royal Decree Number 18 of 2019, (the Law)

These are geographically defined business areas that offer benefits to companies operating in them, such as exemptions from tax, customs, and duties and simplified administrative procedures, e.g. company incorporation, and visas for expatriates and their families.

As a matter of introduction, the main backbone legislation for determining the duties which are required from directors are the Oman Law No 4/1974.

Many investors view VAT in Oman as a compliance issue that arises only after a business has been established or operations have commenced. In practice, however, VAT considerations often arise much earlier and can influence fundamental investment decisions, including transaction structuring, target company valuations, intra-group arrangements, and the project's financial model.