Legal Action

Sept 30, 2008 (LBO) – Sri Lanka’s lawyers are to protest in front of the main court complex in the capital Colombo while condemnation poured in, after an attack on the residence of a top anti-corruption activist and fellow attorney. “We fear that we cannot ignore this situation any further and allow it to escalate […]

Chilling Message

Sept 28, 2008 (LBO) – The house of a top Sri Lankan anti-corruption activist who is also a lawyer who has appeared on behalf of victims of human rights abuses and torture, had been bombed last night, police said. The AHRC said the previous day he had raised the issue of a lawyer who had […]

Funny Money

Sept 26, 2008 (LBO) – Sri Lanka’s central bank has named six entities as illegally taking money from the public and engaging in lending or investment activities, including a recently collapsed firm. The central bank said Okanda Finance (Pvt) Ltd of Waidya Road, Dehiwela, Nadini Finance (Private) Limited of 17, Reality Plaza, Colombo Road, Ja- […]

No Bail

September 5, 2008 (AFP) – Sri Lanka’s Chief Justice Sarath Silva Friday refused bail for a Buddhist monk and slammed fellow clergymen for not showing respect to the judiciary.The monk was earlier this week remanded until September 15 when he will answer charges of using loud hailers after 10:00 pm in violation of new sound […]

Appeal

Sep 01, 2008 (LBO) – The man who acted as translator for a condemned Sri Lankan teenaged girl in a Saudi court was not a native Tamil speaker, her lawyer told court in an appeal hearing, a media report said. She had been 17 at the time she went to work as a house maid […]

Second Hearing

Aug 26, 2008 (LBO) – A case against a Sri Lankan teenager who was condemned to death in Saudi Arabia, will be heard again after an appeal to a higher court, the island’s foreign ministry said. Embassy officials had visited Rizana on August 17 and found her in good health. Rizana was only 17 years […]

Informed Public

Aug 25, 2008 (LBO) – A top Sri Lankan judge has called for laws such as a freedom of information act to enable people greater access to information to create an ‘informed public’ that is essential for a democratic society. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and […]

Offshore Firms

Aug 22, 2008 (LBO) – Sri Lanka is developing a new policy and rules for setting up offices of foreign companies in the island, with plans to increase a minimum deposit requirement, an official said.A higher deposit requirement – which is still to be decided – will only apply to new companies, the official said. […]

Shock Waves

July 24, 2008 (LBO) – A landmark court ruling against Sri Lanka’s John Keells group involving the privatization of a profitable marine bunkering unit which was coupled with a tax holiday, is sending shockwaves through the island’s private and public sectors. Sri Lanka’s Supreme Court said JKH had got a tax break through a ‘false […]

Aussie Arrest

July 16, 2008 (LBO) – Australian police have arrested the director of a Melbourne business school over links with Tamil Tigers following a request from US authorities, a media report said.The Australian newspaper said Thulasitharan Santhirarajah, 34, is expected to be extradited to the United States. “The man is wanted to face prosecution for alleged […]

Battle Values

July 13, 2008 (LBO) – Sri Lanka’s Stassen group controlled by tycoon Harry Jayewardene had been valued at over 24 billion rupees (228 million US dollars) by his partners who are in courts to force a buyout of their interests, a media report said. The Sunday Island newspaper said V P Vittachchi, R K Obeysekera […]

Rating Code

June 02, 2008 (LBO) – A new code of conduct for rating agencies has been published by a grouping of securities regulators after the sub-prime credit collapse, which is also applicable in Sri Lanka, an official said. The International Organization of Securities Commissions (IOSCO) of which the Securities and Exchange Commission of Sri Lanka (SEC) […]

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