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Company liquidation in Oman: Lawful closure with defined timelines and safeguards

In the life cycle of a business, closure is sometimes inevitable. Whether due to financial loss, fulfilment of the purpose, or shareholders agreement, Oman’s Commercial Companies Law promulgated under Royal Decree 18/2019 ensures that liquidation is carried out through a transparent legal process that protects creditors, shareholders, and the public interest. Speaking exclusively to the…