Legal

Key Decisions

June 01, 2009 (LBO) – Sri Lanka's Supreme Court has appointed a chief executive, an auctioneer and auditors to the collapsed Golden Key Credit Card …

D Day

May 31, 2009 (LBO) – A decision on a case challenging the privatization of Sri Lanka Insurance Corporation (SLIC) is listed for delivery at Sri Lanka's …

Derivative Probe

May 31, 2009 (LBO) - Sri Lanka's police have raided the offices of state-run Ceylon Petroleum Corporation (CPC) and seized documents related to exotic oil …

Weak Judiciary

May 29, 2009 (LBO) - Sri Lanka’s justice system, legal profession and media are all under grave threat, said a report published by the International Bar …

No More

May 20, 2009 (LBO) – A man who ran an illegal Ponzi-style 'investment' scheme in Southern Sri Lanka, offering high interest rates until its collapse last …

Fast Track

April 27, 2009 (LBO) - Sri Lanka's Supreme Court has ordered a list of assets of the failed Golden Key Credit Card Company and its directors to be filed by May …

Convicted

LONDON, April 17, 2009 (AFP) - A London court convicted a man described as the head of the Tamil Tigers in Britain on two terror-linked charges Friday, …

GK Case

Mar 31, 2009 (LBO) - Sri Lanka's Supreme Court has asked Golden Key Credit Card Company, a collapsed financial firm, and its directors to declare assets and …

Golden Key

Mar 26, 2009 (LBO) - Sri Lanka's Ceylinco group chief Lalith Kotelawala has offered to provide assets into a trust to repay 14.5 billion rupees to customers of …

Freeze Order

Mar 23, 2009 (LBO) – Sri Lanka's Supreme Court has halted the sale of assets of Ceylinco Consolidated, an apex firm of the Ceylinco group, a collapsed …

Auditing Blues

Mar 17, 2009 (LBO) – A new Sri Lankan national audit bill expected to be presented for legislative approval shortly will grant the government's chief …

Cricket Impresario

WASHINGTON, March 11, 2009 (AFP) - Cricket mogul and financier Allen Stanford is refusing to cooperate with authorities investigating his role in an alleged …

No Bail

March 11, 2009 (LBO) - Sri Lanka's Ceylinco group chairman Lalith Kotelawala remained in remand over fraud charges at an unlisted subsidiary that has collapsed …

Refuge

TOKYO, January 30, 2009 (AFP) - The number of asylum seekers in Japan doubled last year amid turmoil in Myanmar but only a small number of them were granted …

Legal Meet

Jan 23, 2009 (LBO) – Sri Lanka's lawyers are hosting an ICT law conference in Colombo next week, to debate emerging legal issues with the heavy use of …

Capacity Problem

Jan 22, 2009 (LBO) - Sri Lanka's top markets regulator has said an accounting and auditing watchdog body was severely understaffed and lacked the ability to do …

Oil Deal

Dec 15, 2008 (LBO) – Sri Lanka's Supreme Court barred a senior official from a state-run petroleum retailer over a case involving derivative deals and …

Media Nomination

Dec 03, 2008 (LBO) - An imprisoned Sri Lankan journalist, who faces a lengthy jail term for expressing his views, if convicted, has been nominated for a media …

Property Lure

Nov 19, 2008 (LBO) - Several Sri Lankan government institutions are scrambling to get land in a government property near the capital Colombo whose ownership …

Freedom Battle

Nov 14, 2008 (LBO) – Sri Lanka's Supreme Court has suspended new broadcasting regulations brought through a gazette notice, after TV stations and …