Oman, 28 January, 2025 : His Majesty Sultan Haitham bin Tarik chaired a meeting of the Supreme Judicial Council at Al Barakah Palace, during which he issued royal directives to proceed with the establishment of an Investment and Trade Court in the Sultanate of Oman.
The newly proposed court will serve as a key initiative to improve the investment climate in Oman by providing a dedicated platform to resolve investment and trade disputes quickly and effectively. These efforts are in line with the Sultan’s commitment to fostering a conducive environment for investments, supporting the country’s economic growth and diversification strategies.
The establishment of the court is expected to enhance the legal framework for businesses operating in Oman, offering a professional, efficient, and transparent process for resolving commercial issues.
Source : www.zawya.comRelated Posts
The UAE’s tax and reporting environment is evolving rapidly, especially with the introduction of C...
Read More
Designated non financial businesses and professions operate in sectors that directly interact with h...
Read More
Anti money laundering controls are no longer limited to banks and compliance departments alone. Toda...
Read More