James Harbridge has lived and worked in Oman for over ten years and is litigation partner at international law firm Curtis, Mallet-Prevost in Qurm. You can email him on firstname.lastname@example.org
It's a murky question that's not often discussed. What does it really mean if you are an authorised signatory of an Omani limited liability company (LLC)?
It happens a lot in Oman – individuals or companies guaranteeing the debts of others, in the sense that they, as guarantors, will have to pay the lender if the borrower defaults on repayment.
If you have a legal right against someone else, you would be forgiven for thinking that you couldn't lose that right. But the truth is different.