Legal Framework
From The Report: Oman 2018
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This chapter contains an outline of the legal framework within which local and international firms operate in Oman, including a look at the work being done to improve it and a summary of the regulations governing key economic sectors. This chapter contains a viewpoint from Ben Ewing, Partner, CMS.

Articles from this Chapter

Overview

Legal matters: A detailed look at legislation governing companies and foreign investment
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Before 1971 the Sharia Courts had jurisdiction over all civil and criminal matters, as well as personal status matters in the sultanate of Oman. However, after the succession of Sultan Qaboos bin Said Al Said, the judicial system was reformed, and Sharia Courts now govern only those matters relating to family disputes and inheritance law. The 1996 Basic Statute of the State (promulgated by Royal Decree No. 101 of 1996) and known as the Basic Law reshaped and codified the legal system by…

Viewpoint

Branching out: Ben Ewing, Partner, CMS, on diversifying the economy
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Viewpoint:Ben Ewing The recent steep decline in international oil prices led to a considerable budget deficit in Oman, pressuring the country into hastening its economic diversification plans. In July 2016 the National Programme for Enhancing Economic Diversification received approval by royal decree. The aim of this programme is to diversify the economy away from its heavy dependence on the oil and gas sector, and to encourage the development of a range of other sectors, such as renewable…