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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More

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 Read More