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1. What is the name of the main regulator/ regulators governing the competition law in this jurisdiction? The Competition Protection and Monopoly Prevention Centre (The Centre) The Board of the Centre (The Board) 2. In the context of a merger acquisition in what circumstances, are the seller and/or the purchaser required to…
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Transfer Pricing Regulations in the Middle East The Transfer Pricing is a common mechanism which the countries use to transfer the tax base. The transfer is often from countries with high taxation to countries with low taxation. Transfer Pricing deprives states of their fair share of taxes from global corporations. In…
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The Securities Regulation in the State 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 with restructuring the…
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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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Intellectual Property Rights: Exhaustion of Ownership and Parallel Imports 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…
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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 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 rising…
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Commercial Companies Law in Oman 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 April 2019…
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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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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 ideas is a…
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Guide on Tax Regulation in the GCC 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 a proposal to make…
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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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