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Counterpart clauses

February 28 2012 Counterpart clauses are often used when the parties to an agreement are executing separate copies of that agreement.

Entire agreement clauses

February 13 2012 Many forms of contracts, particularly commercial contracts, tend to contain a variety of so-called “boilerplate” clauses (i.e., clauses with standard wording that are routinely used).

Legal opinions in banking transactions

December 26 2012 A legal opinion is an opinion expressing legal conclusions about and/or legal analysis of a transaction or matter. The main purposes of a legal opinion…

Transfers by lenders under syndicated loan agreements

December 8 2011 With the recent volatility in European financial markets, the importance of liquidity and flexibility within the banking sector has been the subject of renewed focus.

Events of default in a loan agreement

April 8 2011 There is typically an 'events of default' clause in every loan agreement, except for those loan agreements relating to an overdraft facility only.

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FCPA: DOJ and SEC guidance (part 5) hallmarks of an effective compliance program

April 19 2013 In this fifth part of our Client Alert series on the Foreign Corrupt Practices Act (“FCPA”), we focus on the hallmarks of an effective compliance…

Fiscal cliff update - estate, gift and GST tax

April 17 2013 On January 1, 2013 Congress passed the American Taxpayer Relief Act (the "Act"), which President Obama signed into law on January 2nd in order to…

Mining law - possible value addition requirements

April 16 2013 The Government of the Sultanate of Oman's emphasis on diversification and increased role of the non- Oil and Gas sectors in the national economy has…

Private sector minimum wage for Omani employees set to rise

April 11 2013 In a piece of important news relevant to companies doing business in the Sultanate, it was recently announced in the local press that Oman's Council…

Reserve funds for Omani companies

April 8 2013 To help ensure that Omani companies maintain a solid financial position and are able to withstand shocks to their businesses, the Commercial…

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