- AMJ represents Rusail Power in important Supreme Court win
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Omani law firm AMJ, Barristers & Legal Consultants, supported by KPMG, has successfully advised and represented an ENGIE subsidiary on a significant tax case before the Supreme Court of Oman. The Court has ruled in favour of Al Rusail Power Co, a subsidiary of SMN Power Holding SAOG and ENGIE, in a judgment overturning decisions
- Executive Regulations to the Competition Law: Implications for M&A Transactions and Commercial Contracts
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This briefing provides an update on developments in the Oman competition law regime resulting from issuance of Ministerial Decision 18/2021 implementing the Executive Regulations to the Competition Protection and Monopoly Prevention Law (Executive Regulations). It also contains an analysis on the implications of the Executive Regulations in the context of M&A transactions and commercial contracts
- Limiting Contractual Liability
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The general position with regard to contracts in Oman is that if the terms and conditions of a contract are clear and such contractual provisions are not seen to be contrary to Omani law, the Omani courts will uphold the terms of the contract and enforce the same amongst the parties. Exclusion of Liability Clauses
- Alternative Funds in Oman
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General Overview The Capital Market Authority (CMA) established pursuant to the Capital Market Law (Royal Decree 80/98) (CMAL) is responsible for regulating the issuance and offering of all securities in Oman. The term “securities” is defined by the CMAL to include shares and bonds issued by joint stock companies, bonds issued by the government and
- New CMA Regulation for Public Joint Stock Companies
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On 25 February 2021, the Board of Directors of the Capital Market Authority (“CMA”) issued a decision (Ministerial Decision 27/2021) pursuant to the Commercial Companies Law RD No. 18/2019 (“CCL”) approving the Executive Regulations (the “Executive Regulations”) for Public Joint Stock Companies (“Company” or “Companies”), which covers all regulatory aspects relating to public joint-stock companies
- Delay to Cessation of US Dollar LIBOR
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It is nearly one year since AMJ hosted a presentation (in conjunction with Hanif Virji of Vivadum Limited, financial services experts) on 8 March 2020 to leading regional and Omani financial institutions, government authorities and other large corporates, in attendance at the Sheraton Hotel, Muscat. In our presentation, among other things, we discussed the impending
- AMJ appoints Yousuf Nasim as a new Senior Associate
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We are pleased to announce the appointment of Yousuf Nasim as a senior associate in AMJ’s Banking and Finance team. Yousuf has over fourteen years of experience handling matters in a wide variety of subject areas. Yousuf’s area of expertise include banking & finance, corporate and M&A, projects, and Tax. He has advised and represented