Decree Blog

Under the Commercial Companies Law, the liquidation of a company can be triggered by a number of cases stipulated in article 40 of the law. This blog post will highlight the steps required under the Commercial Companies Law to commence and complete the liquidation of a company.

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.

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 Tender Law is extremely important to any company wishing to sell its goods and services to the government as this law sets the forms of procurement that government entities are required to follow when purchasing any goods or services. Governments around the world have similar laws to ensure fairness and transparency in government purchasing by publicly requesting bids, and to ensure that the government obtains goods and services at the most optimum price through a formal evaluation process. This blog post will explore the five methods of procurement available to government entities under the Tender Law.