News and Briefing Notes
AMJ receives OER Business Excellence Award

Al Busaidy, Mansoor Jamal & Co. (AMJ) has received “OER Business Excellence Award” during the OER Business Summit 2023 held in Sheraton Hotel, Muscat on 10th May 2023. The main aim of the award was to recognize AMJ’s pathbreaking work during the last 40 years and its contribution to Oman’s corporate sector and the nation’s

AMJ wins IFN Oman Deal of the Year 2022

Al Busaidy, Mansoor Jamal & Co. has won the Islamic Finance News’ (IFN) “Oman Deal of the Year 2022” for Towell Infrastructure Projects Company’s OMR 14 million Syndicated Wakala financing for a water distribution project, in Mudeibi, Oman. AMJ acted for a syndicate of banks lead by Bank Muscat SAOG (as agent and arranger) that

AMJ WINS CHAMBERS OMAN LAW FIRM OF THE YEAR AWARD

Al Busaidy, Mansoor Jamal & Co (AMJ), has won the globally recognised ‘’Oman Law Firm of the Year’’ at the Chambers Middle East Awards held in Dubai on March 1, 2023. Widely considered to be one of the leading publications on global legal rankings Chambers Awards are highly sought after. To be eligible the firm

Al Busaidy, Mansoor Jamal and Co Law Firm Expands Partnership

Leading Omani law firm, Al Busaidy, Mansoor Jamal & Co (“AMJ”), has appointed Ravinder Singh as a new partner in its Projects and Commercial Department.   Ravinder has a broad range of experience in corporate and commercial matters and advises his clients across a wide-ranging spectrum of sectors. His key industry experience includes conventional and

Royal Decree Designating Lands For Renewable Energy And Green Hydrogen Projects.

In a pivotal step to regulate the green hydrogen industry in Oman and to facilitate development of clean energy and green hydrogen projects, a sector specific legislation has been enacted in the form of Royal Decree No. 10/2023 which legislates for the grant of rights over lands for clean energy and green hydrogen. The Royal

TRACKING ULTIMATE BENEFICIAL OWNERSHIP

Introduction:  The issue surrounding Ultimate Beneficial Owners (“UBO”) is seen as a matter of global concern, that allowing such UBOs to retain a cloak of anonymity enables many illegal activities, such as tax evasion, corruption, money laundering, and financing of terrorism to take place out of the view of law enforcement authorities.  In recent years,

AMJ SCOOPS MAJOR INTERNATIONAL ACCOLADE 2022

We are proud to announce that AMJ has won the prestigious ‘Oman National Law Firm of the Year’ award at the International Financial Law Review (IFLR) Middle East Awards held in Dubai on October 12, 2022 This accolade brings AMJ’s tally of IFLR’s ‘National Law Firm of the Year’ awards to an impressive and unrivalled

AMJ wins IFN Ijarah Deal of the Year 2021

We are proud to announce that AMJ has won the prestigious ‘‘Ijarah Deal of the Year 2021” award at the Islamic Finance News (IFN) Awards ceremony held in Dubai on May 26, 2022. AMJ acted as legal adviser to the Meethaq Islamic Banking, the Islamic window of bank muscat S.A.O.G. in connection with the grant

Working hours, rest, and lunch time within the purview of Articles 68 – 69 of the Labour Law (“the Law”)

Article 68 of the Law provides for 9 working hours per day. It, however, remains uncertain whether or not the law intended for the 9 working hours, to include break and lunch time referenced in Article 69 of the Law or not. On a first reading of Article 69 of the Law, it may appear

Project Al Maha – International Sukuk Issuance

AMJ continued its role of preferred Government of Oman counsel on capital market issuances and advised on Omani law aspects of the update and issuance of US$ 1,750,000,000 Sukuk trust certificates programme, a particular focus of the advice given was on the manner in which sukukholders would be able to enforce the obligations of the

AMJ advises MycoTechnology Inc. on joint venture with OIA

AMJ has advised MycoTechnology Inc, in setting up a joint venture with the Oman Investment Authority to establish facilities in Oman to produce mushroom-based protein using dates as the primary ingredient. MycoTechnology Inc is a leading US food biotechnology company that produces alternative proteins and sugar reduction ingredients. MycoTechnology has successfully established its fermentation technology

AMJ acts for Khimji Ramdas Group in sale of Khimji Paints LLC

AMJ has acted as legal advisor to the Khimji Ramdas Group in the successful completion of the sale of 100% shares in Khimji Paints LLC to the Hempel Group for a value of approximately R.O. 2.83 million. Khimji Paints is one of Oman’s leading paint companies and was originally set-up as Khimji Permoglaze (Oman) LLC

AMJ advises Barka Desalination Company SAOG on its IPO

AMJ has acted as sole legal advisor to Barka Desalination Company SAOG, (“BDC”), and its shareholders, I-Environment Investments Middle East Limited, (a subsidiary of ITOCHU Corporation), Kahrabel FZE, (a subsidiary of International Power S.A.), Suez Groupe S.A.S., and W.J. Towell & Co. LLC, on the successful US$11 Million initial public offering of 40% of the

IFN Oman Forum 2021

AMJ partnered the Islamic Finance News in staging a successful 6th IFN Oman Forum at the Grand Millennium, Muscat on 26th October 2021. The day-long annual event attracted a record number of industry players, regulators and legal experts gathered to deliberate the future of Islamic retail banking, capital markets and takaful in Oman. The forum was attended

AMJ Scoops Major International Accolade 2021

We are proud to announce that AMJ has won the prestigious ‘Oman National Law Firm of the Year’ award at the International Financial Law Review (IFLR) Middle East Awards held in Dubai on October 27, 2021. This accolade brings AMJ’s tally of IFLR’s ‘National Law Firm of the Year’ awards to an impressive and unrivalled

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