A new Electronic Transactions Law was issued last week, repealing the Electronic Transactions Law of 2008 and carefully refining the scope to which electronic transactions can be relied upon in Oman.
The Ministry of Justice and Legal Affairs published the executive regulation of the new Advocacy and Legal Consultancy Law in this week’s issue of the Official Gazette. This new regulation introduces further controls on the practice of the legal profession in Oman and provides implementation details for the Advocacy and Legal Consultancy Law.
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New Financial Law Issued
The new Financial Law was published in this week’s issue of the Official Gazette repealing the Financial Law of 1998.
Last week, a new Law of Special Economic Zones and Free Zones was issued replacing the 20+ years old Law of Free Zones. The new law covers traditional free zones, such as the Sohar Free Zone, as well as the more comprehensive special economic zones, such as the Special Economic Zone at Duqm.
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Decree Search Goes Advanced
We are adding a new search engine for Decree with Advanced Search options such as search in title only, exact phrase, date range, and the option to select a mix of legislation types and legislation issuers to filter the results.
Our extremely fast original search engine will remain the primary search engine associated with our search button, and those wishing to utilise the new advanced search options will be able to quickly access the new search form from the search side bar.
We have built this new search form with power users in mind who need to conduct a thorough research of our database. If you would like to see additional options and filters added to the new search form, feel free to get in touch with us.
Advanced Search is available to all Decree members.
The International Covenant on Economic, Social, and Cultural Rights (ICESCR) is a multilateral treaty ratified by most of the United Nations (UN) member states, which lays out and aims to enforce various economic, cultural and social rights. It is one of the principal international human rights treaties. Oman’s ratification of the ICESCR, through Royal Decree 46/2020, brought the treaty into force for the Sultanate, signifying its commitment to upholding the human rights enshrined within the covenant. Since then, Oman has actively pursued implementation of the ICESCR’s principles, with “progressive realization” as a guiding framework, and focusing on key provisions including the right to work, social security, education, and adequate standard of living.
Today we are launching Decree Alerts, a free Chrome extension that provides users with alerts on new items published on Decree along with the ability to quickly search Decree directly from within the extension.
You can download the Decree Alerts extension from the Chrome Web Store:
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MSX Disclosures on Decree Risk
We are announcing today the addition of Muscat Stock Exchange Disclosures to Decree Risk, which makes it possible to search for the contents of these disclosures, receive email alerts for disclosures made by companies tracked using Risk Watchlist, and subscribe to a new MSX Digest daily newsletter.
If you are a recent law graduate with aspirations for working in-house or in private practice with a focus on commercial law matters, you need to make sure that you are familiar with the key commercial laws of Oman.
This blog post highlights the most important commercial laws that are fundamental for law graduates to learn about:
The principle of the separation of powers is critical for maintaining the integrity of governance while fostering its efficiency. This principle, which ensures that different branches of government perform separate roles and responsibilities, prevents the concentration of power in the hands of a single authority. But how exactly does this principle operate in the Omani context? This blog post offers an overview of the separation of powers within the Omani legal system, exploring its foundations and its application.