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Legal issue
A sale or transfer of a commercial store must be registered in the commercial register within one month; the published principle treats registration as a condition of validity.
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Published principle
The Arabic text published by the Supreme Court is the primary source. The English translation was published by the Technical Bureau; Russian and Chinese are unofficial Smart Global Capital editorial translations.
This is a published legal principle—an extract selected by the Supreme Court of Oman Technical Bureau—not the full text of the judgment.
Article 8 of the Commercial Register Law requires a sale or transfer of a commercial store to be registered in the commercial register within one month of the transaction. The legislature did not merely prescribe a formal contract but made the transfer’s validity contingent on registration within the statutory period.
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Applicability
The principle concerns transfer of a commercial store or enterprise, not automatically a share sale. Current registration legislation, transferred assets, licences, creditor rights and any special formalities must be checked.
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Related instruments
- Commercial Register Law, Article 8, in the version applied by the Court
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