This content is provided by Al Busaidy, Mansoor Jamal & Co (AMJ).
Senior Partners: Mansoor Jamal Malik, Dr Said Hilall Al Busaidy
Partners: Ardeshir Patel, Marcus Pery, Dr Ayman Ali, Dr Mohamed Yousef, Asad Qayyum
Number of partners: 7
Number of other lawyers: 36
Languages: Arabic, Baluchi, English, Farsi, French, German, Gujarati, Hindi, Marathi, Punjabi, Russian, Swahili, Urdu
Al Busaidy, Mansoor Jamal & Co. (AMJ) is a top-tier, full-service law firm of international quality established in Oman for 40 years. The firm has been described as a rarity in the Middle East as an independent, national firm that tops the legal rankings and is the largest in Oman, providing clients with unrivalled in-country breadth and depth of expertise.
Seven teams of UK, US and Commonwealth-trained solicitors, barristers, Arab law specialists and Omani advocates serve a large portfolio of blue chips, financial institutions, government bodies, trading houses, and high net-worth individuals. The firm has the most elite and ranked lawyers in the jurisdiction and is known for its involvement in innovative, ‘first of a kind’ deals and landmark projects in Oman.
Recent highlights from the corporate side advising:
■ The Government of Oman and the Oman Sovereign Sukuk Company SAOC on the issuance of US$1.5 billion Sukuk
■ Duqm Refinery and Petrochemical Industries Company LLC on the development, operation and financing of the Duqm Refinery
■ Development and financing of the Salalah IWP and Amin Solar IPP
■ Mubbadrah Investment LLC and the Principal Shareholders of Gulf Energy SAOC on their sale of 26% of the share capital to SV3 Holding Pte. Ltd (Phase I) and Phase II of the deal contemplated a combination of the Company with NESR a special purpose acquisition company (SPAC) being listed on the NASDAQ
■ Oman National Investments Development Company S.A.O.C. Innovation Development Oman Holding S.A.O.C and Innovation Technical Solutions, on Petroleum Development Oman -Nibras Software spin off; and
■ An initial public offering and listing of 40% shares in Musandam Power Co SAOG
From the dispute resolution side:
■ Defended successfully a claim brought by a minority shareholder seeking a declaration from the MOCI for the company’s articles to be amended
■ Defended successfully one of the Big Four Accounting Firms before the Supreme Court of Oman against claims raised by its client for professional negligence
■ Defended successfully a client against a claim brought by a creditor for the dissolution and liquidation of the client on the basis that it had failed to pay its debts and that the client had sustained losses
■ Acted for an engineering company in the nullification of an arbitral award passed by a sole arbitrator in arbitration proceeding filed by multiple claimants in connection with a construction dispute
■ Acted for a licensed power generation company in disciplinary proceedings before the Disciplinary Committee and the Appeals Committee of the Capital Markets Authority (CMA), and on an appeal to the Primary Division of the Administrative Court, in respect of the client’s purported violation of the Capital Markets Law and applicable regulations
■ Acted for a power generation company in a tax appeal before the Appeal Court and the Supreme Court regarding the refusal of Secretariat General of Taxation to treat the client’s power purchase agreement with the state-owned power and water company as a finance lease pursuant to International Financial Reporting Standards (IFRS) for the years 2008 and 2009; and
■ Acted for a number of audit firms in connection with their appeals before the CMA Appeals Committee against disciplinary decisions of the CMA’s Executive President suspending the firms from auditing public companies for specified period of time
Main Areas of Practice:
Banking & Finance:
AMJ has the largest banking and finance team in Oman. It handles large-scale domestic and cross-border transactions for Omani and international banks, international finance and export credit agencies, government bodies, issuers, asset managers, funds, private equity participants and project sponsors. The firm advises borrowers and lenders on syndicated and multi-lateral loan and credit facility agreements and related security packages, project finance, corporate finance, ship and aircraft finance, leveraged and acquisition finance, asset and real estate finance, and corporate restructurings.
AMJ has been involved in the majority of the government’s external borrowings over the past few years. The team has also won heavyweight mandates from international and regional banking institutions in the wholesale lending market, and AMJ’s dedicated Islamic finance team advised on numerous ‘first of a kind’ Islamic and hybrid real estate development financings and product development.
Corporate & Capital Markets:
AMJ’s award winning corporate/capital markets and M&A practice regularly advises the Government of Oman, leading corporates and institutions on a full spectrum of corporate and capital markets work. It acts for corporate clients in headline capital market transactions, funds, bonds, sukuk, IPOs, rights issues, private equity transactions, privatisation projects, complex restructurings and M&A.
The team provides advice on all aspects of securities laws, bankruptcy, corporate governance, compliance and other regulatory issues.
AMJ has been at the forefront of ground-breaking capital market developments such as swaps, derivatives, and Oman’s rapidly developing Islamic Finance sector.
Litigation & Arbitration:
AMJ’s strong reputation stems from its success in handling complex, high-profile claims before the Omani courts as well as in conducting international and regional arbitrations in centres such as the LCIA, ICC, GCC Commercial Arbitration Centre and the Dubai International Arbitration Centre.
Three teams of 16 litigation specialists advise on a wide range of commercial litigation, banking litigation and regulatory proceedings, administrative law claims, employment, private property disputes, Shariah and criminal cases. Each team includes international lawyers with multi-jurisdictional experience, and a large cadre of Omani advocates, all licensed to practice by the Oman Ministry of Justice (four Supreme Court-licensed litigators, nine Court of Appeal licensed and eight licensed arbitrators).
The firm’s dedicated administrative law team advises clients on appeals against decisions of statutory authorities and judicial review and is considered unique in the jurisdiction as well as influential in shaping amendments to Oman’s administrative law. AMJ is also recognised as a market leader in white collar crime, insolvency and liquidation, trade union disputes and collective bargaining.
AMJ advises foreign investors entering or seeking to expand in the Oman market on suitable corporate vehicles and strategic alliances to achieve their objectives. The firm also acts for clients on high-value cross-border deals including mergers and acquisitions and covers arbitrations in all international forums. Many of its lawyers are western-qualified with experience of practice in major global centres of business and finance. AMJ extends its international reach through its long-established relationships with leading London chambers and select magic circle and international law firms.