Joint Ventures in the Sultanate of Oman

Joint Ventures in the Sultanate of Oman J0 JOINT VENTURES IN THE SULTANATE OF OMAN John McHugo* Solicitor This article is about the legal and procedural requirements which govern the various kinds of joint venture arrangements in Oman. It is chiefly concerned with arrangements between Omani and foreign parties. It should be remembered that the legislation with which we are concerned is a product of the reign of HM Sultan Qaboos, and has a deliberate policy behind it: the extension of participation by Omani nationals in commerce and industry, together with controlled foreign involvement in necessary areas. In Oman, as in many Middle Eastern countries, commerce, industry and finance were for a very long while dominated by foreign interests. The laws with which we are concerned were designed to change this as much as possible. They are therefore important to both Omani and foreign parties, and a foreign party should be aware that they are largely designed to protect the interests of the Omani party with whom he is dealing. Practitioners of the laws of the other GCC States will find much that is familiar and broadly similar in concept. 1 The Foreign Business and Investment Law (the "FBIL")1 This law was promulgated in 1974, http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Arab Law Quarterly Brill

Joint Ventures in the Sultanate of Oman

Loading next page...
 
/lp/brill/joint-ventures-in-the-sultanate-of-oman-8ynEX005zY
Publisher site
See Article on Publisher Site

Abstract

J0 JOINT VENTURES IN THE SULTANATE OF OMAN John McHugo* Solicitor This article is about the legal and procedural requirements which govern the various kinds of joint venture arrangements in Oman. It is chiefly concerned with arrangements between Omani and foreign parties. It should be remembered that the legislation with which we are concerned is a product of the reign of HM Sultan Qaboos, and has a deliberate policy behind it: the extension of participation by Omani nationals in commerce and industry, together with controlled foreign involvement in necessary areas. In Oman, as in many Middle Eastern countries, commerce, industry and finance were for a very long while dominated by foreign interests. The laws with which we are concerned were designed to change this as much as possible. They are therefore important to both Omani and foreign parties, and a foreign party should be aware that they are largely designed to protect the interests of the Omani party with whom he is dealing. Practitioners of the laws of the other GCC States will find much that is familiar and broadly similar in concept. 1 The Foreign Business and Investment Law (the "FBIL")1 This law was promulgated in 1974,

Journal

Arab Law QuarterlyBrill

Published: Jan 1, 1987

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off