Category: Legal

Sept 9, 2007 (AFP) – Sri Lankan authorities have launched a crackdown on Indian nationals who arrive as tourists and stay on to work, an immigration official said Sunday.Eight Indian men were arrested Friday in the south of the island, where they had been employed as farm workers, the official said, adding that all had […]

Sept 08, 2007 (LBO) – A rival bunker supplier has joined the court action challenging the sale of Sri Lanka’s then-bunkering monopoly, Lanka Marine Services, which has now emerged as one of John Keells Holdings main money-spinners. Reza in the affidavit also said that the company believes the LMS privatization was fraudulent and not done […]

Sept 07, 2007 (LBO) – A Sri Lankan court Friday sentenced four directors of an export company that went bust several years ago to jail and imposed fines in the country’s first ever securities fraud conviction. They were charged with non-disclosure of material information of a price-sensitive nature. Colombo’s Fort Magistrate’s court sentenced the four […]

September 02, 2007 (LBO) – Prosecutors in the Philippines have sought to withdraw a criminal prosecution against Goldquest directors following appeals to higher courts, media reports from the country said. The case stemmed from a criminal complaint by former associates of Goldquest directors. Goldquest chief Vijayeswaran Vijayaratnam and several others were arrested in Jakarta but […]

September 02, 2007 (LBO) – Sri Lanka’s employers and labour unions have set up a dispute settlement mechanism funded by the International Labour Organisation (ILO) with the aim of improving industrial relations. The Association for Dialogue and Conflict Resolution (ADCOR) is tasked with resolving employment related conflicts, making representations to authorities and conducting regular dialogue […]

September 01, 2007 (LBO) – Sri Lanka’s central bank, which regulates the country’s financial system, has sought the views of the banking community on new draft corporate governance rules for banks. “The need for a mandatory code of corporate governance arises due to the significance of the business of banks in the economy and current […]

August 21, 2007 (LBO) – Military officers from Sri Lanka and the United States, two countries faced with tough suicide terrorist wars, discussed human rights and justice in counter-terrorism operations at a meeting in Colombo last week, the U.S. embassy said Tuesday. The three-day meeting, hosted by the U.S. Pacific Command, in partnership with the […]

August 14, 2007 (LBO) – A Jakarta court has refused a request to extradite directors of Goldquest because the crime for which they were wanted in the Philippines did not exist in Indonesian law, media reports said. The Manila Standard said Presiding Judge Prasetyo Ibnu Asmara of the District Court of South Jakarta released Vijayeswaran […]

August 4, 2007 (LBO) – Sri Lanka’s state sector has to improve governance for the country to progress, at a time when private firms were coming under increasingly tight regulation and self regulation, a senior business executive said. Former chairman of the Colombo Stock Exchange and current chairman of Hatton National Bank Rienzie Wijetilleke said […]

COLOMBO, Aug 3, 2007 (AFP) – A Dutch couple has been detained in custody for another two weeks following their arrest nine days ago for trying to illegally adopt an infant, officials said Friday.The couple, who appeared before the Colombo Chief Magistrate Kusala Sarojini Weerawardena on Friday, were to be questioned later in the day […]

August 01, 2007 (LBO) – Developing countries Sri Lanka must be provided policy space in areas like intellectual property and get a comparative advantage in world markets, academics say. “The trade rules, even though biased against developing countries, have still created a situation which developing countries with the right policies might be able to succeed […]

July 31, 2007 (LBO) – The tribal leader of a victim’s family will only intervene on behalf of a teenaged housemaid on death row once clearance is given by the Saudi foreign ministry, Sri Lankan officials have been told. Rizana Nafeek who was 17 years old at the time of the incident has been convicted […]