Spanish Companies Look Towards The UAE For Expansion Opportunities

Working breakfast with BSA Law Firm and the Dubai Chamber of Commerce and Industry Madrid, January 25, 2019, The United Arab Emirates, an eminently oil country, has been implementing a policy of economic diversification for two decades, thus allowing other sectors to thrive. In this sense, Spanish companies have established themselves as reference investors in…

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…