Legal

Imminent Act

February, 21 (LBO) - Every attempt is being made to bring the new companies act into effect from next financial year starting from April 02 making it easier to …

Summary Justice

January 19 (LBO) – Saudi Arabia has beheaded four Sri Lankans by the sword including a man serving a jail sentence, reports from the desert kingdom said, …

Executed

RIYADH, Feb 19, 2007 (AFP) - Four Sri Lankans convicted of armed robbery were beheaded by the sword in the Saudi Arabian capital Riyadh on Monday, the interior …

Credit Clamp

January 31 (LBO) – The Securities and Exchange Commission has clamped down on brokers who finance customers by giving them extra time to settle, because …

Behaviour Code

January 05, 2007 (LBO) – Sri Lanka's securities regulator will include a revised corporate governance code into the Colombo bourse' listing requirements, …

Unsavory Label

Nov 23, 2006 (LBO) – Foreign investors in Singapore who attended a road show by the Colombo Stock Exchange have raised questions about Sri Lanka’s …

Big Fish

November 22, 2006 (LBO) – Sri Lanka's securities watchdog has filed action against nine people for misleading market players with transactions connected …

Sore Eyes

BERLIN, Nov 6, 2006 (AFP) - Haiti, Myanmar and Iraq are perceived as the most corrupt countries in the world while Finland is seen as the cleanest, a respected …

Quiet Settlement

Nov 03 (LBO) - Sri Lanka’s securities watchdog settled a case against Mr. Sajee Lakshman Perera, relating to share trading of Ceylon Grain Elevators …

Le Divorce

Oct 16, 2006 (AFP) - Sri Lanka's Supreme Court Monday ordered the breakup of the restive Northeastern Province, a massive administrative region claimed by …

Interim Injunction

September 8, 2006 (LBO) – A bill to counter computer crimes is stuck in parliament for over a year, illustrating the daunting task facing those who try …

Public Smoke

July 18, 2006 (LBO) – Sri Lanka’s monopoly cigarette maker has asked for six months to enforce a public smoking and advertising ban, following …

Bowling Wide

July 13, 2006 (LBO) – The controversial marketing firm GoldQuest has gone to the Court of Appeal in Sri Lanka asking for an opportunity to explain its …

Illegal Stay

LONDON, July 12, 2006 (AFP) - The British government announced Wednesday it had ruled out the possibility of an anmesty for immigrants who are in the kingdom …

Enabling Code

July 7, 2006 (LBO) - Sri Lanka's main employers' body has introduced a code of conduct as part of its efforts at encouraging firms to hire disabled persons. …

Keeping Tabs

June 22, 2006 (AFP) - Sri Lanka Thursday announced plans to re-launch a state institution to investigate complaints against newspapers despite the existence of …

Sweet Revenge

June 22, 2006 (LBO) – Sri Lanka announced plans to set up a special company to take over bad debts of state banks and revive the failed Pramuka Bank …

Bald Spot

June 19, 2006 (LBO) – A new securities law giving legal muscle to companies who raise debt by securitising the assets are likely to come through this …

Illegal Smoke

June 01 (LBO) – Ceylon Tobacco Company together with several hotel associations filed petitions in the Supreme Court on Thursday against proposed laws to …

Clean Closet

May 20, 2006 (LBO) – Sri Lanka's securities watchdog is in the final stages of drawing up rules to make corporate governance mandatory among listed …