Decree BlogAbdulrahman Al-Farsi is Legal Associate and Board Secretary at Decree. He holds an LLB from the University of Liverpool and had previously worked in an Omani law firm.
Liquidation is a process by which a company ends its life and distributes its assets to those it owes money to in an orderly manner. Legal procedures must be taken when a company goes into liquidation, starting with the reason for liquidation. In this blog, we will explore the grounds for liquidating a company as stipulated under article 40 of the Commercial Companies Law.
The Environment Authority published in this week’s Official Gazzete Decision 150/2024 Issuing the Regulation Governing the Possession of Domesticated Wild Animals.
SAOGs play an important role in the Omani economy, so it is not surprising that the Financial Services Authority (FSA) has issued unique regulations that apply to the operations of such companies, including specific rules on the duties of the board of directors, the internal auditor, and the legal advisor of the company. This blog post will highlight some of the duties of a legal advisor of an SAOG as prescribed by the Public Joint Stock Companies Regulation.
The Oman Authority for Academic Accreditation and Quality Assurance for Education published in this week’s Official Gazette Decision 2/2024 regarding the process of filing a grievance against the national qualification framework’s result.
When the higher education institutions are not satisfied with the OAAA’s accreditation result, they now have the right to file a grievance against the result under Decision 2/2024 within 60 days from the date of sending the result; however, they must do so after they have paid a non-refundable fee of 1,500 Rial Omani for each grievance.
You can learn more about the grievance process to the OAAA by reading the full text of Decision 2/2024 on the link below:
The Ministry of Social Development published in this week’s Official Gazette Decision 217/2024 issuing the Governance Regulation for the Work of Social Development Committees and Volunteer Teams, repealing the Governance Regulation for the Work of Social Development Committees of 2016.
The new regulation introduces the legal framework for establishing volunteer teams in the community. Each wilayat is permitted to have one volunteer team, with an additional one if the public interest requires it.
The regulation sets the rules for establishing, managing and financing volunteer teams.
The new regulation enters into force tomorrow. You can read it in full in English on the link below:
In this week’s issue of the Official Gazette, the Ministry of Agriculture, Fisheries, and Water Resources published Ministerial Decision 137/2024 Amending Some Provisions of the Executive Regulation of the Agricultural Quarantine Law.
The amendment introduces a brand new article 9bis that imposes new potential requirements prior to issuing an agricultural licence by giving the Ministry of Agriculture, Fisheries, and Water Resources the power to verify, before issuing the licence and at the cost of the importer, the agricultural practices, phytosanitary management systems, and risk analysis applied in farms, nurseries, or production sites, and evaluate them in the country of export or the country of origin.
The new amendment enters into force tomorrow. You can read it in full in English on the link below:
The Omani Constitution, formally known as the Basic Statute of the State, sets the key provisions governing the Omani legal system, including the rules and duties of the Sultan, ministers, councils and many more, including the judicial authority.