Oman

Recent Articles

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  16/06/2025

  APAC

  Malaysian Guidelines on Cross-Border Data Transfers

  On 29 April 2025, the Personal Data Protection Commissioner of Malaysia issued the Guidelines on Cross Border Personal Data Transfer (“Guidelines”), providing comprehensive guidance on the transfer of personal data out of Malaysia. These Guidelines are intended to clarify the requirements under the amended Section 129 of the Personal Data Protection Act 2010 (“PDPA”) and to assist data controllers in ensuring compliance when engaging in cross border personal data transfers. The Guidelines should be read in conjunction with the PDPA and any other relevant legislative instruments.Scope...

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  06/06/2025

  International

  Sustainable Finance Regulation 2025 Timeline

  Our updated sustainable finance timeline sets out recent and expected EU, US, UK and International regulatory developments relating to sustainable finance in 2025.

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  27/05/2025

  Oman

  Oman’s new governance principles for closed joint stock companies

  Oman has taken significant steps in strengthening the corporate governance of its Closed Joint Stock Companies (SAOCs) under Ministerial Decision No. 5/2025 issued by the Ministry of Commerce, Industry, and Investment Promotion (MOCIIP).The Principles of Governance (the Code), effective from 14 January 2025, aims to implement a strict governance regime similar to what is applicable to Omani Public Joint Companies (SAOGs). The Code requires most SAOCs to amend their statutes to adapt to its provisions within 1 year of its effective date.This article considers some of the key takeaways arising from...

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  22/05/2025

  International

  EU anti-dumping investigation of Chinese Tyres

  On 21 May 2025, the EU opened an anti-dumping investigation concerning EU imports of certain pneumatic rubber tyres, originating in the People’s Republic of China, which could lead to substantial anti-dumping duties on future imports.The products under investigation for alleged dumping are new pneumatic tyres, of rubber, of a kind used: on motor cars (including station wagons and racing cars) and on buses or lorries with a load index not exceeding 121.The product under investigation is currently classified under the CN codes 4011 10 00 and 4011 20 10.Affected parties, including...

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  21/05/2025

  Europe

  EU Benchmarks Regulation Overhaul Published

  The long awaited overhaul of Regulation (EU) 2016/1011 (“EU BMR”) was published on the 19th May 2025. Regulation (EU) 2025/914 (the “EU BMR Amending Regulation”)  amends and updates EU BMR to conduct a significant overhaul of the regime.Executive SummaryThe key focus of amendments are changes in-scope leading to a significant net reduction in benchmarks subject to the EU BMR. Notably:reducing the scope of the EU BMR so it only applies to critical and significant benchmarks, EU Climate Transition and EU Paris-Aligned benchmarks (“EU Climate Benchmarks”) and...

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  15/05/2025

  Oman

  Investment and Trade Court

  In line with its Vision 2040, the Sultanate of Oman issued Royal Decree No. 35/2025 ("the Law"), Establishing the Investment and Trade Court ("the Court") on 23 March 2025, aiming to modernise the judicial system and foster an encouraging environment for investment.This article aims to highlight the newly introduced provisions, the significance of the Law, and its impact on the investment climate in the Omani market.The Law outlines the Court's jurisdiction, structure, and procedures for managing commercial and investment-related disputes. The Court`s objective is to streamline and improve the...

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