New Mandated Health Insurance Law in Oman

The Capital Markets Authority (CMA) in Oman, the financial regulator, has released the new mandated medical insurance Law, Unified Health Insurance Policy and the Health Insurance Rules under Decision No.78/2019 through Resolution No 34/2019 – For the Issue of Unified Healthcare Insurance Policy Form. Introduction The Health insurance market embraces itself for another mandated health…

BSA Ahmad Bin Hezeem & Associates LLP are Expanding at a Rapid Rate with Promotions and Strategic Additions Across the Firm

Promotions Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and legal consultants. Practicing since 2009, Arsalan specializes in Islamic and conventional finance, bilateral and syndicated project finance, acquisition finance, Islamic product development, cross-border financing and financial restructuring. Arsalan will continue working from BSA’s DIFC office in Dubai, attending events…

Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and Legal Consultants

Arsalan Tariq has been named Partner at BSA Al Rashdi & Al Barwani Advocates and Legal Consultants in Oman. Practicing since 2009, Arsalan specializes in Islamic and conventional finance, bilateral and syndicated project finance, acquisition finance, Islamic product development, cross-border financing and financial restructuring. Arsalan will continue working from BSA’s DIFC office in Dubai, attending…

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…