Royal Decree No. 53/2019 issuing the Bankruptcy Law

Category: Corporate Legislation

Member State: Oman

Document Language: Arabic

Royal Decree No. 53/2019 issuing the Bankruptcy Law

July 2019

The Law provides a legal framework that governs the insolvency and bankruptcy proceedings for businesses in Oman. The law aims to address financial distress situations faced by companies and individuals, offering a more orderly and structured process for debt resolution