Category: Legal

July 13, 2007 (LBO) – Sri Lanka’s construction industry is urging the government to accept draft guidelines on treating unsolicited bids in an effort to ensure transparency and fair competition in infrastructure contracts. The move comes at a time when the phenomenon of unsolicited bids in a range of infrastructure projects is becoming common, causing […]

July 11, 2007 (AFP) – A grouping of companies launched Wednesday a website dedicated to collecting information about officials and governments around the world who seek bribes. The US-based Trace International, a non-profit grouping of multinational firms, said their new website Bribeline.org will allow people or organizations to anonymously report bribe requests. Trace said its […]

BRUSSELS, July 11, 2007 (AFP) – A top European court ordered EU antitrust regulators Wednesday to pay damages to French firm Schneider for wrongfully blocking its takeover bid of a rival, potentially opening a floodgate to other cases.The court’s ruling was one of two blows it dealt to the Commission on Wednesday after it also […]

July 9, 2007 (LBO) – The Asian Human Rights Commission (AHRC) is calling on Muslim scholars to appeal a death sentence facing an under-aged Sri Lankan girl who is accused of killing a child in Saudi Arabia. AHRC says the girl, Rizana Naffeek, is facing death for a mistake made while feeding a four month […]

July 9, 2007 (LBO) – A Hong Kong based rights body has offered to foot a part of the legal fees to appeal the case of a young Sri Lankan girl condemned to death in Saudi Arabia with time rapidly running out to appeal her case. The Asian Human Rights Commission is urging the Sri […]

July 6, 2007 (LBO) – Sri Lankan civil society has developed an action plan to counter corruption with help from USAID’s Anti-Corruption Program (ACP), the United States embassy in Colombo said. The embassy says the draft plan identifies priority actions to be taken by various constituencies including government, the private sector, civil society, media, and […]

July 01, 2007 (LBO) – Sri Lanka’s rule book and compliance based financial regulatory system needs to be changed to one of principle based risk focused system, a top central banker has said. A rule-based intrusive supervision system doesn’t work always, Deputy Governor of the Central Bank of Sri Lanka Ranee Jayamaha, told a forum […]

June 27, 2007 (AFP) – About 300 people were detained in Sri Lanka’s capital Wednesday in connection with a foiled bomb attack by suspected Tamil rebels on an oil storage depot, police said.Heavily armed police raided the area in the capital where a 20-kilogram (44-pound) bomb was found on Tuesday inside the fuel tank of […]

June 26, 2007 (AFP) – A Sri Lankan athletics coach participating in an international training programme has disappeared in Italy, a senior official said Tuesday in Colombo.Gayan Malika, a triple jump coach, went missing after flying to Italy for an athletics meet as part of a training programme sponsored by the International Olympic Council, the […]

June 20, 2007 (LBO) – Two Colombo-listed firms have opted to split their shares after a new law forced the companies to withdraw an earlier decision to give what was called a ‘bonus share’ to shareholders. One firm, Seylan Merchant, also abandoned a dividend payment after a solvency test specified in the new company law. […]

June 14, 2007 (LBO) – Sri Lanka’s highest court halted the sale of shares of the country’s largest fixed access operator to a Malaysian firm Thursday, after a lawmaker filed suit against the deal. Sri Lanka Telecom slid 1.50 to close at 37.00 on Thursday. Japan’s NTT which holds a 35.2 percent stake in Sri […]

WASHINGTON, June 12, 2007 (AFP) – US Middle East allies Bahrain, Kuwait, Oman and Qatar, as well as key trading partner Malaysia were added Tuesday to a Washington blacklist of countries trafficking in people.Algeria and Guinea were the other additions to the blacklist of the US State Department’s annual “Trafficking in Persons Report,” which analyzed […]