Legal

Grand Slam

Hotel Services Ltd., the owners of the Continental Hotel in downtown Colombo, has won US$ 2.5 mn from an arbitration case initiated by Intercontinental Hotels …

Next Step

Pramuka Depositors warned of possible legal action for damages against Central Bank, KPMG Ford Rhodes & Thornton and the bank management, if authorities …

Law Vacuum

Top lawyers say that the passing in to law of the Consumer Affairs Authority bill has left a vacuum in the countrys laws on mergers and monopolies.The …

Firewall

Regional Heads of WIPO (World Intellectual Property Organisation) are attending a two day workshop starting Tuesday to draw an outline for the Organisations …

AMC Bite

An asset management company primarily created to take over half the dud loans of Peoples Bank will come with a bite that is stronger than the bark.According to …

Firm Hand

All financial services are being pulled out from under the new Consumer Affairs Authority, with a financial ombudsman being floated to take up consumer …

Friendly Chat

The Central Bank said told Supreme Court on Monday they will meet bankers and other potential investors of Pramuka this week, to give effect to an Appeals …

Aye for an eye

Government is planning to set up powerful Parliamentary committees to act as watchdogs on State institutions.The special committees will include committees to …

An Act For Audits

The top Government Auditors job is to be made independent with the enactment of a new Law, which will also give the department wide ranging powers.The Auditor …

Hurdles in Law

The private sector is calling for a new law to facilitate asset securitisation transactions in the country and a high-powered financial reforms committee is …

Steam Iron

State officials are looking at ways to implement World Bank recommendations to improve the countrys financial accountability.The recommendations are part of …

Act Two

Work on drafting a fresh piece of legislation to replace the present Companies Act is due to get off the ground next week.The committee, which includes legal …

Pirates Ahoy

Parliament is expected to push through the long over due Intellectual Property Act by mid June.Parliament gave the Act a preliminary hearing on May 22 with …

Wider Definition

The countrys banking laws will be amended this year to regulate dozens of unlicensed deposit taking companies.Authorities are considering Amendments to the …

Making Of A King

Consumer protection has been a concern of every administration but analysts say that Sri Lankan consumers are far from being kings. A new Act is trying to put …

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