Bankruptcy Proceedings in Oman

Although there is no separate bankruptcy law in Oman, both the Commercial Code of 1990 and the Commercial Companies Law of 1974 provide a framework for the bankruptcy of traders and liquidation of insolvent companies. Under the laws of Oman, bankruptcy of a person must be declared by the Court. Article 579 promulgates that, “Every…

Omani Consumer Law: 5 things you might not know

In 2014 Oman promulgated, by Royal Decree No. 66/2014, the new Consumer Protection Law setting out the general requirements for consumer protection and aiming to combat monopolistic behavior towards consumers. Furthermore, in March 2017 the Public Authority for Consumer Protection (hereinafter, the “PACP”) issued Decision No. 77/2017 (hereinafter, the “Regulation”) aimed to supplement the above…

BSA announces the launch of Spanish and Latin American Desk

The renowned regional law firm, BSA Ahmad Bin Hezeem & Associates LLP, introduce the firm’s second foreign desk in a market leading affiliation with Spanish based law firm, Lupicinio International Law Firm BSA Ahmad Bin Hezeem & Associates LLP is delighted to announce the unveiling of its latest venture, a Spanish and Latin American Desk,…