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So what’s all the fuss with cross-border transactions?

Cross-border transactional work is a tough cookie, and even after three decades of ‘watching that space’, I am still not sure if I can see any real clarity! Take for example, a loan arrangement negotiated in Indonesia. Let’s assume that the lender is a ‘global bank’, for example an entity incorporated in Japan, but with global reach. The lender may kick-off negotiations using a loan … Continue reading So what’s all the fuss with cross-border transactions?

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DEFAULT, AND HOW THIS CAN BE DEALT WITH IN A JOINT VENTURE

This post will focus mainly on joint ventures and joint operations in the upstream hydrocarbons industry, but many of the issues and solutions discussed here are equally applicable to joint ventures in other industry sectors So, to begin! The question of default – how to avoid it, or to deal with it, if it cannot be avoided – involves an area of serious risk for … Continue reading DEFAULT, AND HOW THIS CAN BE DEALT WITH IN A JOINT VENTURE

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Should I form a Joint Venture or a Consortium?

Although the words “joint venture” (incorporated or otherwise), and “consortium”, are sometimes used synonymously, in particular in infrastructure projects, and hydrocarbons exploration, they are not the same thing. Broadly speaking, both the joint venture and the consortium concern the pooling of resources by hitherto un-associated parties, in order to carry out some piece of work, or tender for something. But there are several difference between … Continue reading Should I form a Joint Venture or a Consortium?

Oman Labour Law and Manpower Issues

Yet again, there has been a certain amount of commentary in Oman in recent weeks on the subject of the ‘no objection certificate’, or ‘NOC’. The practise in question gives an employer in Oman the power to grant or refuse a NOC to a non-Omani employee. The “objection” or “no objection” in this case, is to the employee’s proposed ‘transfer’ to another unrelated employer. What … Continue reading Oman Labour Law and Manpower Issues