Sunday, August 30, 2015

Legal Updates - August 30, 2015

RD 28/2015: Promulgating the Law on Granting Concession to Develop, Manage and Operate Duqm Port

A new Royal Decree has been issued in July, Royal Decree No. 28/2015 promulgating the Law on granting concession to develop, manage and operate Duqm Port and endorsing its related agreements.

Additionally, the Duqm Special Economic Zone Authority has issued two decisions:

Decision No. 326/2015 issuing the regulations of the environmental permits in Duqm Special Economic Zone; and
Decision No. 327/2015 issuing the regulation of the utilization of state-owned lands in Duqm Special Economic Zone.


Thursday, August 27, 2015

Free Trade Agreement Between European Free Trade Association and GCC Countries

The Free Trade Agreement (“FTA”) between European Free Trade Association (“EFTA”) States of Iceland, Liechtenstein, Norway and Switzerland and the Gulf Cooperation Council (“GCC”) was signed on 22 June 2009 in Norway. The FTA established EFTA-GCC Joint Committee as the body responsible for supervising the implementation of the FTA.


Monday, August 24, 2015

Conducting Promotional Offers in Oman

Promotional offers in Oman are governed by regulations set out in Ministerial Decision No. 239/2013 (“Regulations”).  It is important for a commercial establishment to comply with the Regulations in order to conduct a promotional offer in Oman.  As such, this article sets out the main provisions as set out in the Regulations.


Monday, August 17, 2015

The Changing Approach of the Omani Judiciary

It is common knowledge that the Omani civil system, much like the rest of the GCC member states, is heavily based on the Egyptian civil system.  This is evident when comparing the principles underpinning Omani law contracts and the Omani Civil Transactions Law with the Egyptian civil code.  Similarly, Omani jurisprudence has traditionally observed and followed the Egyptian system, notably by the outcome of Omani Supreme Court judgments.  Over the years, however, there has been a shift in Oman in the way judges conduct their respective hearings and the way in which cases are adjudicated.


Monday, August 10, 2015

Effective Management of Arbitration: Lessons From the Revised 2012 International Chamber of Commerce Rules

It is often said that resolving disputes through arbitration can permit flexibility, innovation and cost/time saving. This is more likely when a client and legal counsel give thought and effort to develop early and effective case management. Efficiency in time and cost is best achieved when both a client and their legal advisors have a clear strategy, and work towards it together.

The 2012 International Chamber of Commerce (the “2012 ICC”) rules were held out as a gold standard in assisting parties to more effectively manage their arbitral proceedings. This article looks at options that parties and their legal advisors should consider at the preliminary stages, and revisit during the arbitration process.