Arbitration

Oct 26, 2010 (LBO) – Arbitration proceedings of disputed oil derivative contracts between Sri Lanka’s state-run run Ceylon Petroleum Corporation (CPC) and Citibank will start in Singapore on November 01, a top official said. Sri Lanka has disputed oil derivative contracts sold to the CPC by Citibank, Standard Chartered, Deutsche Bank and two Sri Lankan […]

Mercy Plea

October 26, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse has appealed for the king of Saudi Arabia to spare the life of a Sri Lankan housemaid convicted of killing an infant, his office said Tuesday. Rizana Nafeek, who was working in the Middle Eastern country, was found guilty of killing a four-month-old baby boy […]

Golden Key

Oct 24, 2010 (LBO) – Sri Lanka will file criminal charges against directors of Golden Key Credit Card Company, an unregulated firm promising high interest rates that collapsed owing 26 billion rupees to investors, a media report said. Another media report by The Sunday Times newspaper said some depositors had filed an affidavit at an […]

Boycott

NEW YORK, October 14, 2010 (AFP) – International human rights groups declined Thursday to appear before a Sri Lankan probe into the end of the country’s civil war, saying the procedure was flawed and lacked credibility. New York-based Human Rights Watch (HRW), London-based Amnesty International and Brussels-based International Crisis Group (ICG) snubbed an invitation to […]

Sad State

KUWAIT CITY, October 6, 2010 (AFP) – Abuse of domestic workers in Kuwait is rising, and maids in the Gulf emirate face prosecution when they try to escape, Human Rights Watch said on Wednesday. The New York-based rights group said migrant domestic workers have minimal protection from employers who withhold salaries, force them to work […]

Arrest Move

October 6, 2010 (AFP) – Sri Lankan police said Wednesday they were seeking the arrest of men and women who had starred in locally-made pornographic movies and would soon publish headshots in the newspapers. The Children’s and Women’s Bureau of the police said it planned to send photographs of the local porn stars to the […]

Legal Muzzle

Oct 06, 2010 (LBO) – The Sri Lankan government is trying to suppress exposures of state corruption by launching criminal investigations against the Sri Lankan branch of Transparency International (TISL), a corruption watchdog, a rights body said. “In this way any person may be imprisoned through fabricated charges and by the abuse of criminal justice […]

Value Symbol

Sept 30, 2010 (LBO) – Less than half of Sri Lanka’s listed companies comply with a voluntary good corporate governance code developed by regulators and the body representing chartered accountants, an official said. “We have less than 50 percent of companies not complying with a code that’s not that stringent compared with global codes. “That’s […]

Lesson

September 20, 2010 (AFP) – The Sri Lankan government’s war probe Monday visited the final battleground where Tamil Tiger rebels were annihilated last year, but the international media was barred from reporting proceedings. However, the United Nations has estimated at least 7,000 civilians were also killed in the first four months of fighting while international […]

Jail Protest

September 19, 2010 (AFP) – Sri Lanka’s ex-army chief and opposition leader Sarath Fonseka on Sunday rejected his conviction at a court martial and said he would fight against a proposed three-year jail term. Fonseka, in a statement released through his democratic National Alliance (DNA) party, said he did not accept Friday’s verdict in a […]

Legal Cover

Sept 20, 2010 (LBO) – Corporate lawsuits are on the rise in Sri Lanka with the collapse of financial firms and a new company law making directors and executives more accountable, an insurance industry official said. Not only globally but in Sri Lanka too the trend of claims filed against corporate executives exposing them to […]

Detention Protest

SYDNEY, September 20, 2010 (AFP) – A Fijian man died suddenly at a Sydney immigration centre Monday, officials said, with a protest breaking out in the compound after claims he had jumped from a rooftop fearing deportation. Immigration officials said they were helping a police investigation into the “sudden death of a 36-year-old detainee” at […]

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