Category: Legal

Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies.Oil companies fuel corruption in poor oil producing nations, says the international corruption watchdog, Transparency International(TI), calling on western governments to go public with transactions by oil companies. […]

The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator.The Court of Appeal threw out a case filed by Okanda Finance and Okanda Investments against Central Bank, and awarded costs to the financial regulator. Okanda Finance and Okanda Investments had […]

The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements.The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements. Under the previous UNF regime, Sri Lanka initiated talks with 28 countries, including those already in regional trade […]

Pramuka Depositors Association has sought legal redress to cancel the liquidation process and said that they would seek damages from key officials. Pramuka Depositors Association has sought legal redress to cancel the liquidation process and said that they would seek damages from key officials. Filing a petition with the Court of Appeal on Monday, the […]

Plans for new food labelling regulations are in cold storage for the second time this year.Plans for new food labelling regulations are in cold storage for the second time this year. “We are postponing implementation of the new food labelling regulations until January 1st,” said Chief Food and Drugs Inspector, Ministry of Health, S.Nagiah. The […]

The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. The securities watchdog has compounded an insider case against its ex-chairman and another company director, wrapping up two years of suspense which rocked Lanka Inc. Ex-Chairman Michael L Mack got […]

Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women trafficking under a decade old law.Sri Lanka is on the global hit-list for human trafficking, but despite the best intentions to eliminate it, no one has been convicted for women […]

Sri Lanka Customs have filed documents in the Court of Appeal which bares an alleged scheme to subvert officials in at least three government departments in a an elaborate conspiracy to defraud the government of tens of millions of rupees in revenue, from the import of GoldQuest products.Sri Lanka Customs have filed documents in the […]

Contradicting all previous claims that GoldQuest products are priced at several times their real gold value because of a supposed ‘numismatic’ value, the company has revealed to the Court of Appeal that its products are over priced because it has membership maintenance fees incorporated into the sale price. Contradicting all previous claims that GoldQuest products […]

The Strategic Enterprise Management Agency (SEMA) is drawing up legislation to permanently insulate state institutions from political interference.The Strategic Enterprise Management Agency (SEMA) is drawing up legislation to permanently insulate state institutions from political interference. The Act will give Singapore-style independence for state owned institutions to take commercial decisions. “In our Charter, one of the […]

Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Human rights groups in Sri Lanka want national budgetary allocations to improve law and order in the island. Clear budgetary allocations are needed, says the Asian Human Rights Commission (AHRC), in a statement Thursday, to contain the […]

The Consumer Affairs Authority (CAA) plans to take legal action against Shell and Laugfs for prematurely increasing gas prices.The Consumer Affairs Authority (CAA) plans to take legal action against Shell and Laugfs for prematurely increasing gas prices. The CAA says the gas retailers jumped the gun on a one-month waiting period, as required by law, […]