Oman

IFLR1000 Reviews

Financial and corporate
Al Alawi & Co

Al Alawi & Co is an Omani law firm established in 1982. It is based in Muscat.

 

Focusses / specialisms 

The firm is generally active in financial and corporate work. 

The banking practice is well-versed in the full spectrum of transaction, both local and cross-border, and often works on the full range of lending transactions in Oman. The team regularly support both financiers and issuers and is well regarded for its expertise in supporting Islamic finance instruments involving multiple Shari’a principles.

In corporate work the firm is active in local M&A transactions, often on the seller side, but also regularly works on significant restructuring, corporate governance and capital markets mandates.

 

Key clients 

Key clients include Salalah Free Zone Company, Oman Arab Bank, Oman Global Logistics Group (ASYAD), Majan Glass Company, Muscat Overseas Group, Al Tasnim Group, Ecolab Inc., DNV GL AS, Ahli Bank, Blue Star Limited, Procter & Gamble, Talabat Electronic & Delivery Services, Tractebel Engineering GmbH, Qatar National Bank, Halliburton Oman and MOL Oman. 

 

Research period review: 31st edition (2020/2021) 

The firm was active in banking during the research period. It worked predominantly on the lender side was particularly active in project finance work. The firm continued to demonstrate strong capabilities in supporting Islamic finance aspects of transactions.

In M&A the firm did work on a range of share sale, investment and merger work, most often on the seller side. The firm was also active in the Omani private equity space, as well as restructuring work and investment funds.

 

Deal highlights: 31st edition (2020/2021) 

Duqm ship building

Wusta Shrimp Farm

Ministries District multi-purpose complex

 

Client feedback: 31st edition (2020/2021) 

 

Bank lending : Lender side 

"Firm was prompt to respond to our needs - firm was capable in terms of providing technical legal support on the transaction - firm was resourceful in terms of providing deep knowledge on an Islamic structure." 

 

Banking 

"Quality input to enhance the protection of the bank in case of different legal scenarios. Dedication for the completion of the project with timeline. Continuous support beyond the scope of the project." 

 

M&A 

"Excellent advice and feedback on tricky details. Proactive approach and cooperative in providing legal feedback through the entire period of the transaction." 

 

Project development 

"Responsive, clear advice." 

 

Project development : Energy 

"They were excellent in safeguarding our interests in a JVC formation for the project with foreign investors." 

 

Sahil Taneja 

"Good in giving more options, so that we don't miss the opportunity. " 

Al Busaidy Mansoor Jamal & Co

Omani firm Al Busaidy Mansoor Jamal & Co and was established almost 40 years ago. It currently operates out of an office in Muscat.

 

Focusses / specialisms

The firm is a leading Omani domestic law firm, it offers experience and high-quality advice and service, and, has excellent knowledge of the Oman’s law and regulations and how the country operates.

The firm generally has a local counsel role on a good share of the market’s most significant financial and corporate deals in both the public and the private sector. Banking, capital markets, M&A and project finance are all areas of expertise.

 

Key clients

The firm’s notable clients include the Government of Oman, Bank Muscat, JP Morgan, ACWA, and Doosan Heavy Industries, to name a few.

 

Research period review: 31st edition (2020/21)

In banking the firm was active for both borrowers and lenders on several of the country’s large project and asset financing mandates, but also worked across the full spectrum of lending work. The firm continued to demonstrate its strong expertise in Islamic Finance during the research period.

In capital markets the firm was involved in IPO work, as well as a plethora of issuances of Islamic and conventional debt instruments.

The firm’s M&A team acted on the buy and sell side of several impactful acquisitions, predominantly cross-border, and was especially active in the Omani natural resources sector.

The firm was also active in the country’s restructuring and insolvency space where it typically represented distressed and transforming businesses.

 

Deal Highlights

Government of Oman $2 billion infrastructure fund

Musandam upstream oil and gas development project

Oman Electricity Transmission Company $1 billion privatisation

Oman Shatti Project OMR37 million

Oryx Funding Limited $600 million note issuance

PTTEP $2.6 billion acquisition of block 61 interest

Saraya Bandar OMR108 million Jissah partial refinancing

Stratum $206 million acquisition of geosciences laboratory business of Weatherford International

Synergies Castings $70 million financing

Wellbore Integrity Solutions $400 million acquisition of assets of DRILCO, Thomas Tools, and Fishing & Remedial

 

Client feedback: 31st edition (2020/2021) 

 

Bank lending : Lender side 

"Knowledgeable, reliable and easy to deal with." 

 

Banking 

"Excellent knowledge of the local legal framework. Hands- on approach to resolve issue and easy access to senior leadership." 

 

Capital markets : Debt 

"Preparation and review of the debt agreements/contracts and clarification of local legal issues." 

 

M&A 

"Very commercial and know the ins and outs of the various ministries and authorities and so can provide useful and practical advice. Gives you the advice, but solutions-oriented so that you can solve issues." 

"Communication and ability to address client's need." 

"AMJ have assisted us in understanding the specific workings of the local Omani legal system and support us with the many ministerial and logistical processes of selling a business in Oman. Their service has been clearly communicated, practical and timely. " 

"The team is typically responsive, and provides sound advice in a professional manner." 

 

Private equity 

"They are very knowledgeable, quick, and do not waste time. They provide what is necessary, point out potential issues and provide the required advice and assistance in a friendly and professional manner." 

 

Project development : Mining 

"The law firm is prompt in their response and our first point of contact, Mr Ravinder Singh is very efficient and proactive. Mr Mansoor is also very proactive and efficient in his responses." 

 

Project finance 

"Very knowledgeable, able to provide advice clearly and then suggest practical steps to implement the advice. Simply the best adviser in this area in Oman." 

"We use the firm because they are best in class. We get super-efficient service from them which is always top quality, delivered on time and well presented. They are also pleasant and nice to deal with. " 

 

Restructuring 

"Excellent servicing of the staff matters and a fair and equitable viewpoint. Good response and tailored action on the share change matter." 

 

Restructuring : Corporate 

"Easily accessible, personal attention, prompt service, value for money in terms of professional charges, professional knowledge and experience, comprehensive advice."

 

Ardeshir Patel

"Thorough professional; easy access; well-thought-out, practical, balanced, high-quality advice."

 

Armughan Ashfaq

"Addressed our needs and they were good in sorting out the carving out process."

 

Mansoor Jamal Malik

"Excellent communicator with depth of experience and pragmatic approach towards identifying range of solutions."

"He is very knowledgeable and provides simple useful feedback without overcomplicating any issue with excess paperwork or time. "

"Easy to work with, very knowledgeable and great at practical solutions."

"Knowledgeable, responsive and provides practical solutions, which is extremely helpful."

"Thorough professional; easy access; well-thought-out, practical, balanced, high-quality advice."

"Approachable, knowledgeable."

 

Marcus Pery

"Super-responsive, knowledgeable and sensible. Extremely helpful to have on your side."

 

Ravinder Singh 

"Well-planned approach to the matter in hand." 


Robert Booth

"Robert has been very clear in communication and given good practical explanations around strategy, process and setting out any risks."