We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
the Commercial Register Law 3/74,
and after presentation to Majlis Oman,
and in pursuance of public interest,
have decreed as follows
The attached provisions of the Bankruptcy Law shall apply.
The Minister of Commerce and Industry shall issue in coordination with the competent bodies the regulations and decisions necessary for implementing the provisions of the attached law.
Book Five of the Commercial Law is hereby repealed, as well as every provision contrary to or in conflict with the provisions of the attached law.
This decree shall be published in the Official Gazette, and comes into force after the lapse of a year from the date of its publication.
Issued on: 27 Shawwal 1440
Corresponding to: 1 July 2019
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 1300 issued on 7 July 2019.