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The Securities and Securities Activities Regulation in the Sultanate of Oman The Muscat Securities Market (the MSM) was established on 21 June 1988 to regulate and control the Omani Securities Market. While it was a loosely regulated market in its initial stages, enactments such as Royal Decrees 80/98 and 82/98 have helped…
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Initial Public Offering - Oman The Market The Muscat Securities Market (MSM) was established in 1988 with the aim to develop methods and measures to deal with securities, and raise awareness about the market. MSM allows trading in joint stock companies, government bonds, corporate bonds, investment funds and financial instruments…
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Parallel Imports in Middle East and India Introduction Parallel Imports The term parallel import denotes importation of goods legitimately acquired from the owner of the goods subsequently sold in an unauthorized manner through unauthorized trade channels. These goods may also be referred to as grey market goods, since, despite being…
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Copyright Registration in the Middle East Admittedly, the Middle East has something of a "Wild West" reputation, when it comes to some business behaviors. One of the most protuberant of these is the Middle Eastern perception of copying someone as a form of flattery, rather than as theft. In this…
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Health Insurance in Oman The sharp sell-off in global oil prices that began in mid-2014 triggered an economic slowdown across the Gulf Cooperation Council (GCC) states, with enormous consequences for many sectors, including the health insurance industry. Despite this unexpected turmoil, however, significant changes in government health insurance regulations and…
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Commercial Companies Law in Oman N Anand The new Commercial Companies Law (CCL) in Oman was enacted by the Royal Decree Number 18 of 2019, (the Law) and published in the official gazette on 17 February 2019. The Law came into effect within 60 days of its publication, being, 17…
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Q&A on Consumer Protection and Product Liability in Bahrain and Oman Sources of law Q1. What are the principal legislation and regulation pertaining to product liability? The main areas of law and regulation relating to product liability are: I. Oman Product liability is regulated by the: Consumer Protection Law (Royal…
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CCTV & Invasion to Privacy in the GCC The world in this millennium is techno-dependent for almost every aspect of life whether its payment of debts through credit card, entering into contracts by parties distant through online, i.e. e-contracts, e-booking of railway or air tickets and even social networking platforms.…
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Omani Banking Regulations The banking business is an extremely vital activity in any economy and banks have a primary and synergist task to carry out. The behaviour of the banking and finance industry is dependent on the investors' trust, and trust will be rested and held by how banks work…
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A Guide to Patent Infringement: A Global Perspective Ideas and innovation are the cornerstones of any successful corporation. Given that modernisation and globalisation has had a significant impact on corporations, it is only fair that the ideas defining these businesses are given protection from being misused, manipulated or stolen. Stolen…
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Guide on Tax in UAE, Saudi Arabia, Kuwait, Bahrain and Oman Introduction: Gulf co-operation council is the abbreviated form of GCC. It came into force in 1981. It is the union of all Arab state except Iraq and UAE is one of its member states. Saudi Arabia has head first…
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A Global Purview of Counter-Terrorism Efforts With nearly 41% of all terrorist attacks resulting in casualty, and a dramatic increase in public targeted incidents, governing bodies representing both domestic and international interests alike have invested countless resources into better understanding why terrorism occurs, and how legislatively, it can be stopped.…
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Medical Negligence Claims and Liability in Gulf Countries: a Critical Analysis WILLES.J opines, “Negligence is a negative word. It is the absence of such care, skill, and diligence as it was the duty of the person to bring to the performance of work, which he is said not to have…
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Emergency Arbitration and Expedited Proceedings Introduction There never really seems to be ample time available to get the problematic and wary things done. At the same time, when there is nothing to be done, time cannot seem to move fast enough; this can seem frustrating to one when deadlines approach…
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