Sun, Aug 31, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Oman likely to promulgate bankruptcy, insolvency laws

Posted on 22 February 2012

Oman is looking at the possibility of promulgating bankruptcy and insolvency laws, said Abdullah Salem Al Salmi, acting executive vice-president of Capital Market Authority.
Participating at the sixth GCC (Gulf Cooperation Council) Regulators’ Summit that began yesterday at the Ritz Carlton Bustan Palace Hotel, Abdullah Salem Al Salmi said, “Oman certainly needs such laws. The idea is there and we are at the discussion level taking inputs from different sources and hopefully, in a short span of time, bankruptcy and insolvency laws would be in place.”……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031