Category: Legal

Depositors and creditors of the failed Pramuka Bank sought legal action on Tue demanding Rs. 6 bn as damages from the regulator, the auditors and directors. Depositors and creditors of the failed Pramuka Bank sought legal action on Tue demanding Rs. 6 bn as damages from the regulator, the auditors and directors. The District Court […]

The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. The government is going ahead with plans for a ‘no-building’ zone along the island’s coast. “We have already started putting temporary markers on the 100m zone.The Coast Conservation Department will fix the permanent markers.Then we will demarcate it on the […]

About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to pass the Central Bank’s upcoming litmus test. About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to […]

Sri Lanka is to arm itself with tough emergency laws before a major post-tsunami reconstruction effort which has secured unprecedented international financial backing, officials said. Sri Lanka is to arm itself with tough emergency laws before a major post-tsunami reconstruction effort which has secured unprecedented international financial backing, officials said. The laws proposed by President […]

Battered victims of Sri Lanka’s tsunami, are facing another blow as the government draws up plans to grab their only remaining asset, the piece of valuable coastal land where they used to live.Battered victims of Sri Lanka’s tsunami, are facing another blow as the government draws up plans to grab their only remaining asset, the […]

Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating tsunami, which killed an estimated 11,500 and left more than a million homeless in the island nation of 19 million.Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating […]

Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating tsunami, which killed an estimated 11,500 and left more than a million homeless in the island nation of 19 million.Sri Lanka’s booming tourism industry and its markets are likely to take an initial beating from Sunday’s devastating […]

A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act.A local environmental body has agreed to drop charges against the state for illegal encroachment into the Muthurajawela Sanctuary, but is lobbying for a dedicated Wetland Conservation Act. […]

Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position.Financial sector regulator called for banks and their auditors to work closely to ensure banks’ financial statements reflect their true position. Central Bank says this will help enhance the reputation of banks among the industry […]

A civil rights group challenges a government attempt to amend the Sri Lankan constitution to make Buddhism the ‘official religion’ in the island.A civil rights group challenges a government attempt to amend the Sri Lankan constitution to make Buddhism the ‘official religion’ in the island. The Centre for Policy Alternatives (CPA) – a civil rights […]

On Friday 150 policemen from all parts of the island graduated from a US funded training programme on management techniques.On Friday 150 policemen from all parts of the island graduated from a US funded training programme on management techniques. “Approximately one hundred and fifty members of the Sri Lankan Police graduated today from a round […]

The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses.The Kyoto Protocol will come into effect early next year with Russia finally ratifying the agreement to cut down on green house gasses. “Now that Russia has joined the 126 other signatory countries, […]