Legal Developments in Oman
Type
E-journal
Date
5 Jan 2015
Jurisdiction
Oman
Taxonomy
Abuse of Dominant Position & Monopolies, Competition Institutions, Enforcement of Competition Law, General Competition Law, Consumer Protection, Discharge of Functions, Terms, General Employment & Labour Law, Recruitment, Nationality & Citizenship
Copyright
LexisNexis
Relevant company
Curtis, Mallet-Prevost
Legal reference
Oman Ministerial Decision No. 174/2014, Oman Ministerial Decision No. 339/2014, Oman Sultani Decree No. 111/2011, Oman Sultani Decree No. 114/2000, Oman Sultani Decree No. 26/1977, Oman Sultani Decree No. 26/2011, Oman Sultani Decree No. 28/2009, Oman Sultani Decree No. 29/2013, Oman Sultani Decree No. 3/1974, Oman Sultani Decree No. 35/2003, Oman Sultani Decree No. 4/1974, Oman Sultani Decree No. 66/2014, Oman Sultani Decree No. 67/2014, Oman Sultani Decree No. 7/1974, Oman Sultani Decree No. 80/1998, Oman Sultani Decree No. 81/2002
Analysis
In this latest client update on legal developments in Oman from Curtis, Mallet-Prevost, the impact of the new Competition Law, amongst other things is examined.
Sultanate of Oman: The Competition Protection and Monopoly Prevention Law
The enactment of the Competition Protection and Monopoly Prevention Law (the “Competition Law”), pursuant to Oman Sultani Decree No. 67/2014, is evidence of the Sultanate of Oman's commitment to promote the “freedom of economic activity practice and to establish the principle of market rules and freedom of prices” and prevent the “practice of any monopolistic behaviour that would affect the market.” Prior to its enactment, competition law and issues relating to the prohibition of monopolistic market practices were dealt with within several laws.
Applicability of the Competition Law