Sunday, September 27, 2015

Legal Updates - September 27, 2015

RD  30/2015: Establishing  Oman  Governance  and  Sustainability  Centre  and  Promulgating its Regulation


Sunday, September 20, 2015

Penalties for Delay Under Omani Construction Contracts

Considering that construction projects are characteristically very complex, project delays are, at times, to be expected. However, contractors must be wary that a penalty may be levied if the contractor fails to complete its full scope of works by the agreed-upon project milestones / completion date if the contractor is responsible for the delay.


Sunday, September 13, 2015

Oman’s Code of Corporate Governance

The Capital Markets Authority’s Code defines a binding model framework for the management and regulation of all public joint stock companies, to promote transparency, accountability, fairness, and responsibility.


Thursday, September 10, 2015

Double Taxation Agreement: Switzerland and Oman

The DTA applies to taxes on income and on capital appreciation, and is likely to bring economic and trade relations benefits to Oman. Eligibility depends on meeting the definitions of “Resident” and “Permanent Establishment”, outlined below.


Sunday, September 6, 2015

Procedural Requirements for Obtaining Income Tax Exemption Status

The Income Tax Law establishes requirements for income tax exemption. If eligible, a company has to follow the rules and procedures set down by Ministerial Decision No. 46 of 2005, and set forth below, to claim that exemption.


Friday, September 4, 2015

Curtis Insight Series Breakfast Seminar - Wednesday, September 2nd 2015

The most recent seminar in the highly successful Curtis Insight Series, hosted by Curtis Oman at the Grand Hyatt Hotel in Muscat, attracted 52 attendees. The topic - IPOs from a Family Business Perspective - was covered from various angles by Taimur Malik (Curtis Oman), Khalid Ansari (Partner-in-charge, KPMG Oman) and Lo’ai Badie Bataineh (Head of Investment Management and Development, Oman Arab Bank).


Tuesday, September 1, 2015

Welcome to Thomas Miers

We are pleased to announce that Thomas Miers has joined the Corporate Team as a Senior Associate. Mr. Miers brings with him extensive international corporate and transactional experience comprising negotiated acquisitions and disposals, strategic investments and divestments, complex joint venture arrangements, corporate reconstructions, property transactions, general commercial and regulatory advice, acquisition and divestment transactions and transactions covering multijurisdictional regimes.