Amendments to the Land Law
The Land Law promulgated by Royal Decree 5 of 1980 (as amended) has been further amended by Royal Decree 56 of 2014, effective as of 14 October 2014.
Wednesday, December 31, 2014
Tuesday, December 30, 2014
Restructuring an Entity: The Right to Transfer Employees from a Group of Entities under Omani Law
Generally as a matter of Omani law, an Employer (as defined by the Oman Labour Law, as promulgated by Royal Decree 35 of 2003 (“OLL”) is entitled to restructure and/or re-organise its business and consequently the workforce, for economic, technical or structural reasons. Further a Supreme Court decision in Oman has held that an Employer has the absolute power and authority to reorganise its business, be responsible for the management of the same for the realisation of profits therefrom and to assume responsibility for any failure of its business.
Monday, December 15, 2014
How to Manage Contract Risk in Procurement (Part 1)
An Overview
In a series of articles commencing this month, we look at the relevant issues facing procurement specialists when managing risk in procurement contracts and offer some guidance and assistance when doing so. We start this month with a general introduction and will, next month, deal with specific legal issues arising and how best to deal with them in order to minimise such risks.
Wednesday, December 10, 2014
An Overview of the Establishment of the Public Authority for Mining
In keeping with its aim to develop the mining sector to achieve optimal exploitation of mineral resources in a manner that will best serve the development goals in the Sultanate, the Ministry of Commerce and Industry (“MOCI”) issued Royal Decree 49 of 2014 on 21 September 2014 which established a Public Authority for Mining in Oman (the “Authority”).
Thursday, December 4, 2014
Construction Sector Update: How the Ministerial Decision No. 174/2014 May Affect Your Business
The Regulation of the Works of Institutions and Companies Operating in the Contracting Field (the “Regulation”), enacted pursuant to Ministerial Decision No. 174 of 2014, came into force on the 19th June 2014 with the aim to supervise construction companies and monitor their activities more closely and, in particular, with regards to ensuring that construction companies adhere to health and safety obligations as set out in the Regulation.
Tuesday, December 2, 2014
Legal Updates - December 2, 2014
Omanisation Percentage of Employees in the Electricity and Water Sectors
Ministerial Decision 284 of 2014 (“MD 284/2014”) which came into force on September 8, 2014 specifies the percentage of Omani employees working in the electricity and water sectors that must be complied with.
Tuesday, November 25, 2014
What Classifies as an Omani Product?
Under Omani Law there is no clear definition of “Omani Product.” In practice for the purposes of considering a product as an Omani Product, many ministries including the Ministry of Commerce and Industry (“MOCI”) looks into a product’s (a) origin and manufacture; and (b) outsourcing prior to classifying the product as an “Omani Product.”
Thursday, November 20, 2014
An Overview of the Amended Unified Agreement on the Investment of Arab Capital in the Arab States
The signing, in 1980, of the Unified Agreement on the Investment of Arab Capital in the Arab States (the “Agreement”) was an attempt by MENA countries to set up a regional and enforceable investment regime that would encourage nationals in the wealthy Arab States to invest in the region’s poorer countries. The purpose behind such signing was to strengthen overall Arab development and Arab economic integration.
Monday, November 10, 2014
Current Trends and Market Developments in the International Funds Industry
In evaluating a prospective investment in a collective investment vehicle, an investor should consider how such vehicle’s offering terms align not only with such investor’s commercial and risk profile, but also how such terms align with the terms offered in the broader international funds industry. This article provides an overview of current developments and market trends in the international funds industry that we have identified in connection with advising our clients on their investment activities.
Monday, November 3, 2014
The Civil Transactions Law and the Impact of the Muqawala Provisions on Construction
The Civil Transactions Law (the “Code”), enacted pursuant to Royal Decree 29 of 2013, and having come into force in Oman on August 13, 2013, is a codification of Omani (and to some degree Egyptian) jurisprudence, as developed over past decades. The Code contains a section on “Muqawala” (a contract to make a thing, or perform a task) which impacts directly on construction activities in Oman and is the focus of this article.
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