No Deal
June 4, 2009 (LBO) - Sri Lanka's Supreme Court said a 2003 privatization of Sri Lanka Insurance Corporation (SLIC) to listed Distilleries group was illegal and …
Legal
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Fake Battle
June 01, 2009 (LBO) – Coats Thread Lanka (CTL) says it is battling counterfeiting of its brands by taking legal action against sellers of fakes and …
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 …
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 …
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 …
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 …