Royal directive significant step in judiciary of Oman
Published: 06:01 PM,Jan 27,2025 | EDITED : 10:01 PM,Jan 27,2025
Sayyid Mohammed bin Sultan al Busaidy
Deputy Chairman of the Supreme Judicial Council
STAFF REPORTER
MUSCAT, JAN 27
The Supreme Judicial Council, the Ministry of Commerce, Industry and Investment Promotion, and the Oman Chamber of Commerce and Industry (OCCI) underscored the importance of the Royal directives of His Majesty Sultan Haitham bin Tarik to complete the procedures for establishing the Court of Investment and Trade in order to provide a stable legal environment to attract foreign investments and raise the competitiveness indicators of the national economy. Sayyid Mohammed bin Sultan al Busaidy, Deputy Chairman of the Supreme Judicial Council, said: “The Supreme Judicial Council will enforce His Majesty’s directives regarding the implementation of the Supreme Judicial Council’s strategic and operational plans in line with the current requirements and citizens’ aspirations, and also in line with Oman Vision 2040 and the Royal directives to complement the procedures for issuing the organisational structure of the Supreme Judicial Council and establishing the Court of Investment and Trade.”
The Royal directives to finalise the procedures for establishing the Court of Investment and Trade are an important step in the path of the Omani judiciary, Al Busaidy said, adding that the court will be competent to consider lawsuits involving traders and related to their commercial activities and disputes arising from investment contracts. It will reduce the burden on the courts due to the presence of specialised judicial cadres at all levels of litigation, given that commercial disputes are of a special nature that require speedy judicial procedures, he added. Al Busaidy explained that the presence of a court specialising in investment cases would provide a stable legal environment and improve competitiveness indicators of the national economy, thus increasing the attractiveness of the Omani market for local and foreign investors and enhancing sustainable economic growth. He pointed out that the Supreme Judicial Council seeks to improve investment indicators and attract foreign capital. He pointed out that the Supreme Judicial Council is working on a number of judicial and legislative projects that will raise the indicators of the judiciary, legislation and oversight by adopting the best international judicial practices, including specialised courts to improve the quality of judgements and provide a suitable environment for dealing with some commercial and investment cases in a manner consistent with contemporary legal challenges to guarantee the rights of individuals and societies in general.
Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, said that the Royal directives of His Majesty Sultan Haitham bin Tarik to finalise the procedures for establishing the Court of Investment and Trade stem from His Majesty’s keenness to develop the investment and trade sector and enhance the investment climate in the Sultanate of Oman in line with the goals of Oman Vision 2040. The minister pointed out that the Royal directive aims to address many challenges facing the business sector, and accelerate the settlement of commercial and investment cases to ensure the efficiency and fairness of procedures and reduce the burden on public courts, as well as providing judges specialised in trade and investment laws to ensure the quality and accuracy of judicial rulings. The Royal directives also enhance the stability of the business climate and encourage more investments. The Minister praised the pivotal role the judicial sector plays in improving the investment climate by ensuring legal stability, protecting the rights of investors, and combating corruption, which contributes to building a safe and attractive investment climate that supports economic development in the Sultanate of Oman. — ONA
Faisal bin Abdullah al Rawas, Chairman of Oman Chamber of Commerce and Industry (OCCI), emphasised that the directives represent a significant step towards strengthening Oman’s judiciary system and are a cornerstone in promoting and attracting investments and capital. He also highlighted the role of the court in empowering and ensuring the sustainable growth of the private sector by providing specialised judicial oversight in investment and trade matters. Al Rawas noted that these directives reflect His Majesty’s commitment to advancing the investment sector and enhancing Oman’s investment environment. The Investment and Trade Court aims to resolve investment and commercial disputes efficiently, professionally, and effectively, aligning with Oman’s vision of fostering an investor-friendly climate and attracting capital through a specialised judiciary that supports business growth while safeguarding litigants’ rights. He added that the establishment of this legislative framework instils confidence among investors by ensuring the presence of dedicated entities for resolving economic and commercial disputes, thereby saving time and effort. These directives coincide with His Majesty’s emphasis on achieving swift justice through expediting litigation processes, reducing delays and preventing case backlogs.
MUSCAT, JAN 27
The Supreme Judicial Council, the Ministry of Commerce, Industry and Investment Promotion, and the Oman Chamber of Commerce and Industry (OCCI) underscored the importance of the Royal directives of His Majesty Sultan Haitham bin Tarik to complete the procedures for establishing the Court of Investment and Trade in order to provide a stable legal environment to attract foreign investments and raise the competitiveness indicators of the national economy. Sayyid Mohammed bin Sultan al Busaidy, Deputy Chairman of the Supreme Judicial Council, said: “The Supreme Judicial Council will enforce His Majesty’s directives regarding the implementation of the Supreme Judicial Council’s strategic and operational plans in line with the current requirements and citizens’ aspirations, and also in line with Oman Vision 2040 and the Royal directives to complement the procedures for issuing the organisational structure of the Supreme Judicial Council and establishing the Court of Investment and Trade.”
The Royal directives to finalise the procedures for establishing the Court of Investment and Trade are an important step in the path of the Omani judiciary, Al Busaidy said, adding that the court will be competent to consider lawsuits involving traders and related to their commercial activities and disputes arising from investment contracts. It will reduce the burden on the courts due to the presence of specialised judicial cadres at all levels of litigation, given that commercial disputes are of a special nature that require speedy judicial procedures, he added. Al Busaidy explained that the presence of a court specialising in investment cases would provide a stable legal environment and improve competitiveness indicators of the national economy, thus increasing the attractiveness of the Omani market for local and foreign investors and enhancing sustainable economic growth. He pointed out that the Supreme Judicial Council seeks to improve investment indicators and attract foreign capital. He pointed out that the Supreme Judicial Council is working on a number of judicial and legislative projects that will raise the indicators of the judiciary, legislation and oversight by adopting the best international judicial practices, including specialised courts to improve the quality of judgements and provide a suitable environment for dealing with some commercial and investment cases in a manner consistent with contemporary legal challenges to guarantee the rights of individuals and societies in general.
Qais bin Mohammed al Yousef, Minister of Commerce, Industry and Investment Promotion, said that the Royal directives of His Majesty Sultan Haitham bin Tarik to finalise the procedures for establishing the Court of Investment and Trade stem from His Majesty’s keenness to develop the investment and trade sector and enhance the investment climate in the Sultanate of Oman in line with the goals of Oman Vision 2040. The minister pointed out that the Royal directive aims to address many challenges facing the business sector, and accelerate the settlement of commercial and investment cases to ensure the efficiency and fairness of procedures and reduce the burden on public courts, as well as providing judges specialised in trade and investment laws to ensure the quality and accuracy of judicial rulings. The Royal directives also enhance the stability of the business climate and encourage more investments. The Minister praised the pivotal role the judicial sector plays in improving the investment climate by ensuring legal stability, protecting the rights of investors, and combating corruption, which contributes to building a safe and attractive investment climate that supports economic development in the Sultanate of Oman. — ONA
Faisal bin Abdullah al Rawas, Chairman of Oman Chamber of Commerce and Industry (OCCI), emphasised that the directives represent a significant step towards strengthening Oman’s judiciary system and are a cornerstone in promoting and attracting investments and capital. He also highlighted the role of the court in empowering and ensuring the sustainable growth of the private sector by providing specialised judicial oversight in investment and trade matters. Al Rawas noted that these directives reflect His Majesty’s commitment to advancing the investment sector and enhancing Oman’s investment environment. The Investment and Trade Court aims to resolve investment and commercial disputes efficiently, professionally, and effectively, aligning with Oman’s vision of fostering an investor-friendly climate and attracting capital through a specialised judiciary that supports business growth while safeguarding litigants’ rights. He added that the establishment of this legislative framework instils confidence among investors by ensuring the presence of dedicated entities for resolving economic and commercial disputes, thereby saving time and effort. These directives coincide with His Majesty’s emphasis on achieving swift justice through expediting litigation processes, reducing delays and preventing case backlogs.