Abstract
This article examines Oman's Commercial Code's preventive composition scheme with creditors. Various conditions that a trader needs to meet in order to apply for preventive composition are highlighted. Then, the issues of management displacement, of staying creditors' actions during the proceedings and of cramming-down dissenting creditors are examined. The article concludes by demonstrating that the preventive composition scheme in Oman is far from being a rescue scheme.
Original language | English |
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Pages (from-to) | 80-97 |
Number of pages | 18 |
Journal | Arab Law Quarterly |
Volume | 32 |
Issue number | 1 |
Publication status | Published - 2018 |
Keywords
- Oman
- Preventive composition scheme
- Rescue culture
ASJC Scopus subject areas
- Law