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.
Sunday, September 13, 2015
Oman’s Code of Corporate Governance
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.
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.
Subscribe to:
Posts (Atom)
