Published in Official Gazette 913 issued on 15 June 2010.
Author: admin
Arabic
We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
and the Commercial Law promulgated by Royal Decree 55/90,
and in pursuance of public interest,
have decreed as follows
Article I
A new paragraph is hereby added to article 238 of the aforementioned Commercial Law, with the following text:However, in the commercial guarantee of personal bank loans, the guarantor may request the inclusion of a clause in the guarantee contract requiring the creditor to refer to the debtor first and before recourse against the guarantor.
Article II
All that is contrary to this decree, or in conflict with its provisions, is hereby repealed.Article III
This decree must be published in the Official Gazette, and comes into force on the day following the date of its publication. Issued on: 29 Jumada Al-Thani 1431 Corresponding to: 12 June 2010Qaboos bin Said Sultan of Oman
Published in Official Gazette 913 issued on 15 June 2010.Ratified by Royal Decree 77/2010.
Published in Official Gazette 915 issued on 17 July 2010.
Published in Official Gazette 915 issued on 17 July 2010.
Published in Official Gazette 913 issued on 15 June 2010.
Published in Official Gazette 913 issued on 15 June 2010.
Published in Official Gazette 913 issued on 15 June 2010.