Forum discusses changes in Omani business law

Energy Wednesday 28/November/2018 21:38 PM
By: Times News Service
Forum discusses changes in Omani business law

Muscat: Latest changes to relevant Omani laws were discussed recently at the Oman Business Law Forum.
Abdulaziz Al Rashdi, lawyer and partner of BSA Muscat, participated in the forum organised by the Omani Lawyers’ Association and LexisNexis Middle East, in cooperation with the Omani British Lawyers Association.
Held under the auspices of Dr. Abdullah bin Mohammed Al Saidi, Minister of Legal Affairs, the forum provided participants with knowledge and insight into legal matters, alongside an opportunity to meet clients, enabling them to gain more exposure to the Middle East legal market.
Commenting on his participation, Al Rashdi said, “The Oman Business Law Forum is the perfect platform to know more about various legal developments, especially the changes to the Omani Penal Code and its subsequent implications to local businesses and investments.”
At the forum, Al Rashdi discussed the latest changes to the Omani law as compared to the previous version of 1974 and how it affected the business community in Oman.
He also highlighted various amendments to the old law that arose after developments in the local business environment, including the introduction of several new fields and modern technologies.
“It was necessary to revise some of the legal text and adapt it according to all the changes that have taken place since, thus making it relevant in the current business environment and the future as well,” Al Rashdi added.
Due to its initial success, the second edition of the forum saw the presence of 150 people from