Legal

Tax Loophole

May 22, 2007 (LBO) – The new company law gives companies a better chance to avoid paying tax on investment income, a corporate law expert said Tuesday. A …

At Last

May 21, 2007 (LBO) – Copies of Sri Lanka’s new Companies Act can now be downloaded from the Web and are available at the government publications …

Bonus Status

May 18, 2007 (LBO) – Colombo Stock Exchange has withdrawn the approval for bonus issues of some companies, and asked twelve firms to submit fresh …

More Victims

May 14, 2007 (LBO) – A listed Islamic insurer said it was suspending a proposed bonus issue, while a shipping firm said it had sought legal advice on how …

Another One

May 11, 2007 (LBO) – Chemanex, a listed chemical firm, has postponed a shareholder meeting called to ratify a bonus issue after a new company law came …

No Split

May 10, 2007 (LBO) – A listed hotel firm in Sri Lanka has decided not to go ahead with a share split citing provisions in a new company law that came …

Tougher Laws

May 07, 2007 (LBO) – Sri Lanka plans to include tough anti-terror financing laws into banking, insurance and securities market, in a bid to crack down on …

Jakarta Arrest

May 7, 2007 (LBO) – Indonesian police have arrested top operatives of the GoldQuest scheme, while its founder is also wanted by Interpol for his …

Fraud Warning

April 24, 2007 (LBO) – The Central Bank of Sri Lanka is warning the public against payment card fraud following the discovery of a massive fraud in the …

Tougher Rules

April 24, 2007 (LBO) – Tough new corporate governance rules were being made mandatory to make the markets more attractive to foreign and local investors, …

Dope Deals

April 10, 2007 (LBO) – Heightened security in the country has allowed authorities to nab more drug dealers and abusers last year with arrests climbing 69 …

Colombo Round

April 03, 2007 (LBO) – Sri Lanka needs to master trade law to take the best advantage of international trade, Chief Justice Sarath Silva said Tuesday at …

Gender Wars

March 21 (LBO) – In Sri Lanka, women already outnumber men at 52 women for every 48 men and activists are warning that the proportion would increase if …

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