Legal Framework
From The Report: Oman 2014
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OBG’s partner Curtis, Mallet-Prevost, provides a detailed review of the rules and regulations that are applicable to foreign entities doing business in Oman, covering current trends and possible legislative changes. This chapter contains a viewpoint from Bruce Palmer, Managing Partner, Curtis, Mallet-Prevost in Oman.

Articles from this Chapter

Overview

On the books: A look at current trends and possible legislative changes
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Overview Of The Legal Framework The Basic Statute of the State – Royal Decree (RD) No. 101/1996, as amended – serves as Oman’s constitution and is the bedrock of all laws. Recent amendments to the Basic Statute empower the legislature with extensive legislative powers. All primary legislation is issued by RD and published in the bi-monthly Official Gazette. Secondary legislation, such as Ministerial Decisions and Circulars, may be issued by government bodies to provide detailed guidance on…

Viewpoint

Bruce Palmer, Managing Partner, Curtis, Mallet-Prevost in Oman, on how diversification has propelled steady and resilient growth
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Over the last few decades, Oman has been far less exposed to economic vagaries than its regional and global counterparts, principally due to its prudent economic and fiscal policies and early recognition of the need for economic diversification and strengthening of non-hydrocarbon sectors. This approach has focused on areas where the country has natural competitive advantages, such as mining, manufacturing and tourism. The sultanate’s economic diversification strategy is devised to encourage high-quality…