Tuesday, October 29, 2013

Structuring Investments

“Who dares wins” could be the motto of some investors when it comes to making investments. In this article we look at structuring investments, and in particular how to reduce the risk when making investments.


Thursday, October 17, 2013

Trade Unions

According to Ministerial Decision 570 of 2012 promulgating the formation, functioning and registration of trade syndicates, trade unions and general federation of Oman trade unions (the “2012 MD”) a trade union can be formed by any private sector organization with the employee strength of 25 or more and, once registered, has an independent legal identity. In addition to having at least 25 members, a trade union is eligible for registration upon having a draft statute and such other documents specified in Article 5 of the 2012 MD.


Monday, October 14, 2013

Anti-Bribery Laws: Restrictions on Providing or Receiving Gifts

The Omani Government has in place a number of legislations targeting bribery and corruption, specifically in the public sector.


Wednesday, October 9, 2013

Annulment of Arbitration Award

The Oman Arbitration Law is contained in Royal Decree No. 47 of 1997, as amended (the “Arbitration Law”). For arbitration to be an effective and predictable alternative to Court adjudication of disputes, it is important that properly rendered arbitral awards are enforceable and certain and, in most cases, final. This means that the parties’ ability to challenge and overturn an award should be limited. Chapter 6 of the Arbitration Law sets out the limited instances in which a party may apply to nullify an arbitral award.


Monday, October 7, 2013

Consumer Protection Law: A Case for Consumer Awareness and the Powers of the Courts

Oman’s Consumer Protection Law promulgated by Royal Decree No. 81/2002 (with executive regulations issued by Ministerial Decision 49/07) (the “Law”) is intended to protect the principles of “freedom of choice, fair treatment, honesty and trustworthiness” which every supplier or advertiser should observe in their dealings with consumers.


Thursday, October 3, 2013

Regulations and Rules To Be Followed During Ramadan

The holy month of Ramadan is the ninth month of the Islamic calendar, during which all Muslims must observe fast by abstaining from eating and drinking between dawn and dusk. The Sultanate of Oman has formulated regulations to be followed during the holy month of Ramadan.