The Possibility of Transplanting Western Bankruptcy Principles to Oman

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This article investigates the extent of possible transplantation of some western bankruptcy principles to Oman.
Such principles include the concept of rescue culture, the notion of ‘cram-down’, imposition of stay on secured
creditors’ claims and the concept of ‘debtor-in-possession’. It demonstrates the fact that since the start of the
legislation path in Oman in 1973, Oman tends to transplant some legal western concepts and such transplantation
is accepted. However, the author supports the view that before transplanting foreign principles it is crucial to
assess their workability and functionality to avoid the risk of rejection.
Original languageEnglish
Pages (from-to)59-73
JournalAsian Social Science
Issue number4
Publication statusPublished - 2016

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