Category: Legal

Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike.Sri Lanka Telecom and the industry watchdog will make further submissions in the District Courts in mid-June to defend the incumbent fixed line operator’s last tariff hike. The Court […]

The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage.The Sri Lankan government now says it will consider alternatives to the no-building-zone regulation in areas of land shortage. “Our position is very clear. The buffer zone applies but we acknowledge that there are difficulties (of relocating […]

The World Bank is backing media and civil society groups to make information a ‘public good’ in Sri Lanka.The World Bank is backing media and civil society groups to make information a ‘public good’ in Sri Lanka. “Rule of law, good governance and GDP growth is much higher in countries with better access to information,” […]

Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Sri Lanka’s Central Bank is spearheading a nationwide census to smoke out some 20,000 unregulated financial entities, a top official said Friday. Central Bank’s Deputy Governor Ranee Jayamaha says unlicensed deposit taking institutions […]

The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying victims have no way to get redress. The Asian Human Rights Commission has pulled up three cases of gross medical negligence in local hospitals in the past two weeks alone, saying […]

While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for the release of two others who have been sentenced to life for publishing an e-mail newsletter.While applauding a Maldivian government decision to grant an amnesty to a cyberdissident, Reporters Without Borders (RSF) has called for […]

Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of Batticaloa, the defence ministry said. Sri Lankan troops shot dead one man and wounded another Monday at a protest against a government security checkpoint in the troubled eastern region of […]

Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers.Hire and fire compensation formula could stiffen the labor market by adding a floor on compensation for voluntary retirement schemes say employers. Labour Minister Gazetted the formula last month that gives up to 48 […]

Finance companies will soon start accepting savings deposits after the regulator the Central Bank gave them clearance from February this year. Finance companies, that have been asking to be allowed to raise savings deposits for years, will however have to cap their interest rates on these deposits to the weighted 3 month Treasury bill rate […]

Local experts on policy and regulation are calling for a system to better understand effects of regulations before they are adopted.Local experts on policy and regulation are calling for a system to better understand effects of regulations before they are adopted. “Sri Lanka needs to invest in Regulatory Impact Assessment – RIA – to minimise […]

The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking.The international narcotics watchdog wants governments to shut down unlicensed Internet pharmacies, to control the growing threat of Internet drug trafficking. “Several billion of doses of medicine are sold illicitly on the Internet per year, […]

Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]