Category: Legal

May 09, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce has asked authorities to probe a recent purchase of stock of a finance company by a state bank at more than 65 percent above market price. The state-run National Savings Bank has since stopped payment on the deal raising another hornet’s nest, with a […]

Apr 09, 2012 (LBO) – The two latest disappearances in Sri Lanka has prompted appeals from family members and the Australian envoy to Colombo as one of the disappeared is a national of that country, media reports said. An Australian media report said Gunaratnam’s wife had pleaded for his release from Australia. On January 03, […]

Mar 28, 2012 (LBO) – An overwhelming majority of Sri Lankan employers have asked for changes in the island’s labour laws, saying they are archaic and actually hinder employment creation and growth. “We firmly believe labour regulation needs an overhaul in line with changes taking place today,” Peiris said. “We do not propose a hire […]

Mar 28, 2012 (LBO) – Sri Lankan employers are seeking the extension of a trial run allowing a five-day work week as part of moves to reform archaic labour laws and improve efficiency, an official said. Ravi Peiris, director general of the Employer’s Federation of Ceylon (EFC), said they have been lobbying with the government […]

Jan 19, 2012 (LBO) – Sri Lanka will be hosting a conference February initiated by the International Association of Young Lawyers (AIJA) which will also highlight the island’s potential as a legal process outsourcing destination, organizers said. AIJA will hold the two day conference from February 09 collaborating with the Bar Association of Sri Lanka, […]

Jan 18, 2012 (LBO) – Wikipedia will be blacked out from 5. 00 UTC (10.30 am Sri Lanka time) protesting two proposed laws in the US which it says will “would seriously damage the free and open Internet” if implemented. Reports said President Obama may veto both bills. “It is the opinion of the English […]

Jan 05, 2012 (LBO) – The brother of a murdered British tourist, has called for justice and a speedy conclusion to an investigation in which a politician of a local council and several others are held by the police. Rustkacheva, a Russian national had been dragged to the beach and raped, media reports said. Sri […]

Dec 29, 2011 (LBO) – A Singapore arbitrator has ordered Citibank to pay Sri Lanka’s state petroleum refiner 2.5 million US dollars as legal fees in an oil hedging deal dispute, a statement said. The arbitrator in August 2011 voided an oil hedging deal between Ceylon Petroleum Corporation and Citibank, rejecting the bank’s demand for […]

Dec 19, 2011 (LBO) – Sri Lanka has to re-build an independent public service and restore rule of law to give freedom to citizens, a commission of inquiry on lessons learnt and reconciliation following the end of a 30-year civil war has said. “A democracy must assure a fair system of governance under the Rule […]

Dec 01, 2011 (LBO) – Sri Lanka’s Securities and Exchange Commission chief Indrani Sugathadasa has resigned, within weeks of the watchdog’s director general being removed by the cabinet of ministers. Sugathadasa is a retired public official who has been in many senior positions in government service. Sugathadasa said she had tendered her resignation “having considered […]

Nov 20, 2011 (LBO) – A Sri Lankan activist who had petitioned courts to review an expropriation law says recent interpretations given by state spokesmen may mislead citizens whose property was seized. Sri Ameresekere, an accountant who has been involved in several public interest petitions said statements by Sri Lanka’s central bank and information minister […]

Nov 14, 2011 (LBO) – Sri Lanka’s Supreme Court came under fire in parliament on a debate on an expropriation bill, after the highest court reportedly said it was consistent with the constitution. The bill went to the Supreme Court after the cabinet of ministers gave their assent. “How can the Supreme Court, like this […]