Category: Legal

November 19, 2009 (AFP) – The United Nations on Thursday stepped up pressure on Sri Lanka to free thousands of war-displaced civilians held in state-run internment camps.“Months after the conflict ended, our main concerns haven’t changed. People are still not given free access to leave these camps on their own free will,” UN humanitarian chief […]

Nov 20, 2009 (LBO) – Sri Lanka has slipped five places to 97 in the annual corruption perceptions index in an annual perception survey conducted among 180 countries, by Transparency International, a corruption watchdog.“What we see is a clear indictment on Sri Lanka and the urgent need for major systemic changes to wipe out corruption,” […]

Nov 13, 2009 (LBO) – Intellectual property protection in Sri Lanka is still to weak to encourage companies to do research and develop new crop varieties with better yields, an agri-business company official said. “IP rights laws do not have provision to register agricultural innovations,” said Samantha Ranatunga, chief executive of the listed Chemical Industries […]

WELLINGTON, November 11, 2009 (AFP) – New Zealand does not want to offer a new home to a group of Sri Lankan asylum seekers involved in a stand-off with Australian authorities, the government said. Coleman confirmed there had been informal talks with Australia over the fate of the Sri Lankans but said there was an […]

NEW YORK, November 6, 2009 (AFP) – Law enforcement officials in New York announced Thursday charges against 14 people in a widening probe into the largest ever alleged hedge-fund insider trading scheme on Wall Street.US Attorney Preet Bharara and New York’s assistant FBI director Joseph Demarest said the accused took part in insider trading schemes […]

Nov 05, 2009 (LBO) – Sri Lanka and Kuwait has signed an Investment Promotion & Protection Agreement (IPPA) Thursday between the island’s envoy to the country and a senior finance ministry official of the Gulf state, the foreign ministry said. Sri Lanka’s foreign ministry quoted the undersecretary to the Kuwaiti ministry of finance Khalifa M […]

VANCOUVER, November 3, 2009 (AFP) – Several of a group of 76 Sri Lankan asylum seekers picked up off the Canadian coast last month have ties to the Tamil Tiger rebels and could pose a security risk, officials said Tuesday.The Canadian government told an immigration hearing that the “Ocean Lady” freighter used to transport the […]

November 1, 2009 (AFP) – Sri Lanka called on US authorities to drop plans to interview the island’s military commander over allegations of war crimes against ethnic Tamil rebels, an official said Sunday. The Colombo government held “very high-level” talks to prevent General Sarath Fonseka, currently visiting Oklahoma, from being quizzed over his conduct during […]

Oct 31, 2009 (LBO) – A seminar on the implications on Sri Lanka’s the new company law featuring senior legal experts targeted at educating director, chief executives, senior managers and corporate lawyers will be held on November 05. Its organizers Legal & Financial Advisory Services, a legal consultancy, and Marketing Services, a marketing consultancy, say […]

Oct 30, 2009 (LBO) – Two directors of Alufab Limited, a Colombo listed company has been charged for not filing annual accounts since 2004, Sri Lanka’s Securities and Exchange Commission said.The firm had also been placed in the default board of the Colombo Stock Exchange for not filing accounts.SEC said charges had been filed in […]

SYDNEY, October 29, 2009 (AFP) – Australia told a group of rescued Sri Lankan asylum-seekers they could not choose their destination and refused to rule out using force after they refused to disembark in Indonesia. Foreign Minister Stephen Smith insisted the group of 78, currently on an Australian ship, would be processed in Indonesia under […]

Oct 29, 2009 (LBO) – Chairman of Sri Lanka’s troubled Ceylinco group, Lalith Kotelawala was released on bail by the island’s Supreme Court after nine months after he was remanded over the collapse of an unregulated financial firm, a media report said.He had also undertaken to fully disclose his assets including Ceysands Hotel and any […]