Senior Partners: Mansoor Jamal Malik, Dr Said Hilall Al Busaidy Partners: Ardeshir Patel, Ahmed Hashim, Marcus Pery, Dr Ayman Ali, Dr Mohamed Yousef
Number of partners: 5
Number of other lawyers: 37
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 over 30 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.
Five 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 known for their involvement in innovative, ‘first of a kind’ deals and landmark projects in Oman and the region.
Recent highlights include advising the Government on the restructuring of Oman’s electricity sector, the joint lead managers on the update of the National Bank of Oman’s USD$1.5 billion Euro Medium Term Note programme and issue of USD$500 million notes, and the successful consortium on its bid for Oman’s first solar PV project, the world’s first utility-scale PV project to have an oil and gas company as the sole wholesale buyer of power.
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 advisory on the full range of securities laws and regulations, 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 segment.
Recent highlights include advising the Government on the update to its unlimited sukuk programme and a USD$1.5 billion international sukuk issuance under the programme; advising Dhofar Generating Company on its OMR 20 million initial public offering, and Thailand’s Gulf Energy Development’s acquisition of a 45% stake in the USD$483 million Duqm 326MW power and water project in the Duqm Special Economic Zone.
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 LCIA, ICC, GCC Commercial Arbitration Centre and Dubai International Arbitration Centre.
Two teams of 18 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 is unique in the jurisdiction and considered 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 has a niche practice advising clients on appeals against decisions of statutory authorities and judicial review as an increasingly expansive tax regime and changes to the methods of accounting for losses on financial assets such as loans introduced by IFRS 9 in January 2018 are introduced.
AMJ specialises in advising 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 international law firms.