Over the past 42 years of Oman’s development and modernisation under Sultan Qaboos bin Said Al Said, the oil and gas sector has powered the economy, contributing the largest share of national revenue. In recent years, however, there has been growing recognition that Oman must reduce its dependence on hydrocarbons and diversify its economy. This is reflected in the...
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At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.
Chapter | Legal Framework from The Report: Oman 2013
With Curtis, Mallet-Prevost, OBG outlines the key corporate, foreign investment, labour and property laws relevant to companies doing business locally in Oman. This includes an overview of Omani corporate law and the legal structures for doing business.
The chapter also features a viewpoint with Bruce B Palmer, Managing Partner in Oman, Curtis, Mallet-Prevost.
Articles & Analysis | The corporate environment: New programmes are attracting foreign direct investment from The Report: Malaysia 2012
OVERVIEW OF THE ECONOMIC TRANSFORMATION PROGRAMME: The Economic Transformation Programme (ETP) was introduced in late 2010 by the Malaysian Government to transform Malaysia into a high-income economy by 2020. It is aimed at lifting Malaysia’s gross national income per capita from $6700 in 2009 to more than $15,000 in 2020. The ETP primarily...
Articles & Analysis | Laying down the law: The legal environment and current trends from The Report: Malaysia 2012
THE LEGAL SYSTEM: Malaysia’s legal system is largely based on the English common law system with some areas of the law having been codified, and with many laws being similar to those found within the Commonwealth. Malaysia has a total of 13 states and three Federal Territories and its land mass is divided...
Interviews & Viewpoints | Christopher Leong, Managing Partner, Chooi & Company, on recent legal developments from The Report: Malaysia 2012
of foreign legal professionals. The Legal Profession Act 1976 was amended in June 2012 to allow for this. With this development, expected to come into effect in 2013, businesses will have increased access to legal expertise. This presents challenges as well as opportunities for Malaysian lawyers. There will be more competition, especially for high-end and sophisticated...