Category: Legal
Volkswagen shares plunge 20 pct on admission of rigged emission tests
Sept 22, 2015 (LBO) – Shares of Volkswagen fell nearly 20 percent on Monday after the German carmaker admitted it had manipulated emissions tests of diesel vehicles in the United States, media reports said. The U.S. Environmental Protection Agency on Friday accused the carmaker of using software that tricked regulators who measured emissions from these […]
Nestle to be sued for nearly USD100mn by India for unfair trade practices
Aug 13, 2015 (LBO) – India’s government Wednesday said that it has filed a suit with the country’s top consumer court, National Consumer Disputes Redressal Commission, for 6,400 million rupees (.6m) in damages from the Indian arm of the Swiss food giant Nestle.The complaint was filed under “unfair trade practices,” foreign media reported.The country banned […]
Sri Lanka Red Cross clarifies loaning a “Defender” to Siriliya foundation
Aug 11, 2015 (LBO) – Sri Lanka Red Cross Society says it is unaware of the activities and maintenance of the Land Rover Defender that was loaned to Siriliya Saviya Foundation following an official request.The vehicle is now in the possession of the Criminal Investigation Department probing the murder of rugby star Wasim Thajudeen, the […]
Sri Lanka’s Finance Minister Ravi Karunanayake accuses Attorney General Department
July 24, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake on Friday accused Attorney General over an incident occurred when dealing with the Golden Key Depositor’s issue. “Everyone thinks Attorney General is on our government side.But what we see here is an act against our government. Even yesterday night there was going to be a problem,” […]
Sri Lanka to take legal action to obtain due payments for the transport used in last presidential election
July 23, 2015 (LBO) – Sri Lanka cabinet of ministers had decided to take legal action to get the payments due and to obtain compensations for the damages that had been caused, for the transport used in last presidential election, cabinet spokeman Rajitha Senaratne said at a press briefing held in Colombo. Minister of Internal […]
Sri Lanka to ratify UN convention on electronic communication
June 11, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal made by Foreign Minister to ratify a convention on electronic communication with regard to the International agreements, Cabinet Spokesman Minister Rajitha Senarathne said.It has also been proposed to empower the Information Communication Technology Agency to make recommendations on revisions and modifications that may […]
‘s President appoints acting Chief Justice
June 08, 2015 (LBO) – Supreme Court Judge Chandra Ekanayake was sworn in as the Acting Chief Justice before President Maithripala Sirisena Monday morning (June 8) at the Presidential Secretariat.The President made this appointment as the Chief Justice K.Sri Pavan is abroad. Chandra Ekanayake was appointed as a Justice of the Supreme Court of Sri […]
‘s Stock market cleaning up session
Jun 08, 2015 (LBO) – Sri Lanka is in the process of establishing a ‘Serious Frauds and Financial Crimes Division’ to act against alleged irregularities in the Colombo Stock Exchange, the Prime Minister said.Sri Lanka is in the process of establishing a ‘Serious Frauds and Financial Crimes Division’ to act against alleged irregularities in the […]
Sri Lanka to set up a special court to ensure speedy justice for brutal murder of Jaffna school girl
May 27, 2015 (LBO) – Sri Lanka’s President Sirisena had said, a special court will be set up to ensure speedy and proper justice in the case of brutal rape-murder of the school girl in Jaffna.“We cannot let such incidents to be happened ever in the future in the country,” Sirisena said.He yesterday visited Jaffna […]
Sri Lanka legalizes 19A
May 16, 2015 (LBO) – Sri Lanka’s Speaker Chamal Rajapaksa signed and legalized the 19th Amendment to the Constitution, passed in Parliament on April 28.The Speaker signed the blueprint of the constitutional amendment on Friday, a state media report said.The legislation dilutes many powers of executive Presidency in force since 1978, will come into force […]
Golden Key Depositors to withdraw all complaints: Central Bank to bare costs (In Pics)
May 13, 2015 (LBO) – Sri Lanka’s golden key depositors were asked to withdraw all cases to be taken up by the Supreme court on 18 May 2015 following a assurance of 40 percent pay back by the Central Bank. “We are here to facilitate and to ensure that they (depositors) are provided the relief […]
Sri Lanka’s 20A to support minority political parties: Minister
May 12, 2015 (LBO) – Sri Lanka’s proposed 20 amendment to the constitution is a step in the right direction for the country and does not discriminate minority political parties, a Minister said. “This first-past-the-post (FPP) system is not unfair towards any minority parties in the country. It has been analyzed since 1977 no short […]