Legal

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 …

Gassed!

The Court of Appeal issued an interim order on Friday stating a Consumer Affairs Authority (CAA) direction allowing all LP Gas traders to refill and sell LPG …

Adding Muscle

Laws to give banks and finance companies more muscle to tackle bad debts have got regulatory approval and are now before the Legal Draftsmens Dept. Under the …

The Cabinets Axe

The Cabinet of Ministers rejected a decade old draft Companies Act over its departure from English Law principles.A Cabinet sub committee that had a look at …

Working Late

Cabinet cleared four amendments to the Shop and Office Act, supporting nighttime employment and an increase in workman compensation.If passed in Parliament in …

Act Two

The private sector is calling for amendments to the Consumer Affairs Authority Act that is due to come into force on April 1, saying it has too many holes.The …

Dud Ball

Professional service sectors are trying to drum up support to push for amendments that will re-define the scope of the new Consumer Affairs Authority Act. …

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