The 1996 Basic Statute of the State (also referred to as the Basic Law) sets out the legal structure of Oman and the respective functions of the executive and the judiciary, as well as citizen’s personal liberties and public obligations. It provides that Oman’s basic principles include free market economics, cooperation between the public and private sectors, the...
Legal Framework
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Articles & Analysis | Legislation governing companies in Oman from The Report: Oman 2015
Chapter | Legal Framework from The Report: Oman 2015
This chapter contains an outline of the legal framework in which local and foreign investors operate in Oman. This chapter includes an interview with Paul Sheridan, Partner, Dentons.
Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
Articles & Analysis | Legal reforms encourage more local and foreign investment from The Report: Peru 2015
Over the past decade, Peru has experienced annual GDP growth of approximately 6.4%. This sustained economic growth is due in part to a series of legal and economic initiatives by the government to promote investment, while fostering an environment of trust and security for investors. However, economic growth has recently slowed down, partly as...
Interviews & Viewpoints | Pablo Berckholtz, Managing Partner, Estudio Echecopar, a member firm of Baker & McKenzie International: Interview from The Report: Peru 2015
What regulatory changes are needed to maximise the success of public-private partnerships?
Chapter | Legal Framework from The Report: Peru 2015
As the commodity supercycle comes to an end and economic growth eases, the Peruvian government has introduced legal changes to promote foreign investment and stimulate growth. This chapter highlights the most important recent changes in Peru’s legal framework, including measures to expedite permits, public-private partnerships, pensions and the Work for Taxes regime.
This chapter...