الملخص الإنجليزي
This thesis deals with the effectiveness of restructuring of commercial companies method in the existence of other similar methods in the Omani Bankruptcy Law promulgated under Royal Decree No. 53/2019, and the adequacy of solutions brought by the Omani legislator to address financial and administrative failure of commercial companies.
The thesis is brought to study the process of restructuring defaulting commercial companies according to the Omani Bankruptcy Law, as the restructuring method is the recent method developed by Bankruptcy Law in order to avoid difficulties in managing commercial companies, and direct the managers of such companies to adopt successful means to secure their companies instead of liquidating them. Therefore, the restructuring method was found to bring the defaulting commercial companies back to life and assist them with achieve the objectives for which they were founded.
The thesis discussed the concept of defaulting commercial companies, and identified the idea of restructuring the commercial companies and distinguished that from the other legal methods. Moreover, it specified the legal conditions that must be met to apply for restructuring a commercial company and the consequences upon such application. Finally, the thesis stated the possible means to assist the defaulting commercial companies and provided a number of findings and recommendations included in the conclusion.
