Categories
Law Updates

MOL Issues Decision for Dealing with Private Sector Establishments in Violation of the Labour Law

The Ministry of Labour published in this week’s Official Gazette Decision 450/2024, repealing Decision 90/2013 and issuing a new framework for dealing with private sector establishments that violate the Labour Law. The decision of 2013 provided a very simple set of provisions for dealing with violations, whereas the new decision provides a more comprehensive framework.

The new decision clarifies the process for policing violations and stipulates that reports can only be issued by employees with judicial enforcement status. It also clarifies that employees must have an identity card stating their identity, which they are required to disclose if asked.

The main provision of the 2013 and 2024 decisions is the MOL’s power to suspend the services of companies that violate Labour Law. The 2024 decision changes these services by removing old provisions and adding new ones, and they include services such as issuing work permits to non-Omanis and transferring the services of the violating workers.

You can read the full decision in English on the link below:

Categories
Announcements

Introducing: Risk Watchlist

Decree Risk has become a valuable resource for organisations dealing with large numbers of small and medium Omani enterprises, such as utility companies and banks, who need to submit liquidation claims for unpaid bills and or make an objection to the government to block a legal transformation when any of these small and medium enterprises enter into liquidation or attempt to undergo a legal transformation.

Today, we are taking Decree Risk to the next level by announcing Risk Watchlist—a tool that allows organisations to monitor future risk incidents by adding the CR number of a target company on the Risk Watchlist to receive immediate alerts when any of these target companies appear in a risk announcement.

Categories
Monthly Digest

Decree Monthly Digest – July 2024

Decree Monthly Digest is a summary of the most significant updates on Decree in the previous month.

Categories
Special Feature

The Process for Liquidating a Company

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.

Categories
Announcements

Introducing: Translation Attestation Services

We are delighted to announce that Decree now offers translation attestation services for Decree content through Fal Translate. Fal Translate is a boutique legal translation office registered in the Sultanate of Oman with a wealth of experience in legal translation.

Categories
Special Feature

Why Do Companies Liquidate?

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.

Categories
Law Updates

EA Issues Regulation on Domesticated Wild Animals

The Environment Authority published in this week’s Official Gazzete Decision 150/2024 Issuing the Regulation Governing the Possession of Domesticated Wild Animals.

Categories
Intel Update

Intel Update: July 2024

Decree Intel is a database of original Omani legal research material that provides explanatory notesoverviews of government entities, and summaries of Supreme Court cases and MJLA Fatwas.

Categories
Special Feature

Five Duties of the Legal Advisor of an SAOG

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.

Categories
Law Updates

TRA’s New Telecom Device Regulation

The Telecommunications Regulatory Authority (TRA) published in this week’s Official Gazette Decision 1152/2/19/2024-12 Issuing the Regulation on the Governance and Approval of Telecommunications Devices, repealing the Regulation of Dealing in Telecommunications Devices of 2015.