Category: Legal

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 […]

Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Harry Potter flies into Sri Lanka again in July and with local bookshops already on a publicity blast, no VIP arrival could be under tighter security. Security arrangements of […]

Minimum capital requirement for commercial banks was raised five fold to Rs.2.5 billion by the Monetary Board.Minimum capital requirement for commercial banks was raised five fold to Rs. 2.5 billion by the Monetary Board. Banks have till 2007 to meet the new capital targets but have to raise minimum capital to Rs. 1.5 billion by […]

The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists.The government is forcing potentially harmful new laws on the public by misusing the urgent Bill provision in the Sri Lankan Constitution, say civil activists. “From April 2004, up to now, […]

Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Sri Lanka’s Central Bank is contemplating a move to lift the minimum capital requirement of licensed commercial banks to US$ 20 mn. Treasury Secretary and member of the Monetary Board, the decision making […]

Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert.Sri Lankan legislators called Tuesday for a single body to issue warnings on potential natural diasters after broadcasters complained of a lack of information about Monday’s tsunami alert. […]

Moves by the Sri Lankan government to slip in a law to mandate a pay hike among private businesses, has irked top trade chambers and the Employers’ Federation of Ceylon.Moves by the Sri Lankan government to slip in a law to mandate a pay hike among private businesses, has irked top trade chambers and the […]

Mobile legal clinics will travel out to tsunami ravaged areas, dishing out free legal advice for all families who lost vital personal papers in the floods. Mobile legal clinics will travel out to tsunami ravaged areas, dishing out free legal advice for all families who lost vital personal papers in the floods. The clinics will […]

Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. Corporate lawyers are hoping a draft Company Law abandoned a few years ago will be enacted this year. The law, modeled on the New Zealand Companies Act incorporating international law principles was abandoned as some experts thought […]

Illegal drug flows into Sri Lanka, as a transit point and as a destination, is on the rise, says the international drug watchdog.Illegal drug flows into Sri Lanka, as a transit point and as a destination, is on the rise, says the international drug watchdog. “The flow of heroin from Afghanistan, the world’s largest illicit […]