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  • 13 Feb 2019Oman

    Oman’s Sultan has issued a new Sultani Decree, Oman Sultani Decree No 18/2019 on the promulgation of the new Commercial Companies Law (CCL). The law is not published yet and so there are some consequences which are unknown.

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  • 07 Feb 2019Bahrain - Kuwait - Oman - Qatar - Saudi Arabia - United Arab Emirates

    Businesses liable for value-added tax (VAT) in Gulf Cooperation Council (GCC) states will usually have to complete an apportionment exercise in order to correctly calculate the extent to which they are entitled to deduct the VAT they incur on their own purchases.

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  • 06 Feb 2019Dubai - Oman

    In November of last year, Oman Sultani Decree No 30/2018 relating to the Escrow Accounts for Real Estate Development Projects (the Escrow Law) was promulgated in a move to regulate real estate developers and to protect funds paid to developers by purchasers of off-plan properties. Until this new law was issued, real estate developers operating in the Sultanate were largely unregulated. The Escrow Law is essentially based on the equivalent legislation in Dubai, which has been in place for 10 years [Dubai Law No 8/2007].

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  • 05 Feb 2019Bahrain - Kuwait - Oman - Qatar - Saudi Arabia - United Arab Emirates

    Established in March 1995 by GCC leaders, one of the main objectives of the GCC Commercial Arbitration Centre (GCCCA) is to fill a gap in the region by providing expeditious and effective arbitration services.The GCCCA was established to administer commercial cases, including cases in the region related to banks, financial institutions, insurance, reinsurance, constructions, engineering, various contracting, intellectual property covering commercial and industrial, copyrights, and all types of international commercial contracts. The conduction of arbitration proceedings under the auspices of the GCCCA is subject to two set rules; the Charter of the Centre (Charter Rules) and the Arbitral Rules of Procedure (Procedural Rules) which should be read and interpreted as complementary to one another.  These two rules together will be referred to as the Rules.In March 1995, it was officially announced that the GCCCA had become fully functioned and ready to fulfil its duties. By virtue of Qatar Decree No 19/2015, the GCCCA was approved by the State of Qatar and has been given the power of law in accordance with Article 68 of Qatar Law No 1/2004.This commentary aims to give a general overview of the major provisions underpinning the conduct of arbitration proceedings in accordance with the GCCCA Rules.

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  • 24 Jan 2019Oman

    BSA Bin Shabib, Al Rashdi & Al Barwani (BSA), and Zubair Small Enterprises Centre (Zubair SEC) recently completed a workshop and legal clinic on January 15 at Bait Al Zubair. The legal clinic offered free consultations for a number of small and medium-sized enterprises (SMEs) operating in the Sultanate and saw the participation of 8 lawyers and legal experts from BSA.

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