Al Busaidy Mansoor Jamal & Co.

Barristers and Legal Consultants

 

Expertise

Banking and Finance

AMJ’s widely-respected banking and finance practice is ranked as a market leader in Oman. Our experienced team handles large-scale domestic and cross-border transactions for leading Omani and international banks, international finance and export credit agencies, government authorities, issuers, asset managers, funds, private equity participants as well as project sponsors across a broad spectrum of sectors including petro-chemicals, power and water,  industry, manufacturing, infrastructure, shipping, aviation, real estate and hospitality.

We provide advice to borrowers and lenders on syndicated and multi-lateral loan and credit facility agreements and related security packages, project finance, corporate finance, Islamic finance, ship and aircraft finance, leveraged and acquisition finance, asset and real estate finance, recapitalisations and corporate restructurings.  Over the years, our lawyers have advised on a range of ground-breaking fund structures and developments in the banking and finance sector. These include the first-ever bond issue, joint investment account and the first global depository receipt issue.  AMJ has been at the forefront of developments in Oman of innovative public-private partnerships, restructurings and privatisations of government entities involving novel and complex questions of law.  

We have acted as Oman counsel for lenders, project sponsors and government entities on most of Oman’s water, power and waste infrastructure projects since the pioneering Al Manah power project in 1994. AMJ, working with international counsel, advised the International Finance Corporation, on novel issues posed by the innovative equity arrangements, export credit agency support and the relatively short tenor loans that were a feature of the Al Manah project.

Following the introduction of Islamic banking and finance in Oman by the Central Bank of Oman (CBO) in 2012, AMJ’s team is representing the issuers of a OR 50 million sukuk financing of a real estate project and the promoters of the first takaful insurance company on a public offering, both ‘firsts’ for  the Oman market.  Our lawyers have also advised the Capital Market Authority on a takaful law and regulatory framework for the insurance industry, acted for promoters establishing and licensing an Islamic bank as well as drafting Sharia-compliant new documentation for new banking and insurance products under the CBO’s Islamic Banking Regulatory Framework (IBRF).

We advise shareholders/promoters of banks on re-structuring by way of acquisition, merger and sale as well as initial public offerings of shares for new banks or banks converting from a closed to public joint stock company. In addition, the team advises on the Omani Banking law and regulations, CBO’s regulatory role and policies, securities registration, bankruptcy, corporate governance, compliance and other regulatory issues.

Our banking and finance team combines depth and breadth of knowledge of Oman’s regulatory, financial and business environment with multi-jurisdictional legal expertise gained in the United Kingdom, Hong Kong, South Africa, New Zealand and Australia. This unique blend enables us to provide our clients with high quality, Oman-specific advice and guidance. This team works closely with our corporate and capital markets and commercial teams to deliver a seamless service to clients across the full spectrum of banking and financial services, corporate finance and project finance transactions.  Clients tell us that our ability to provide integrated advice is one of our most valuable attributes.