Category: Legal

Houses stuck together like a long stretch of sliced sandwich bread is a common sight in most parts of Colombo, but despite the increasing housing density in urban areas Sri Lanka lacks any standards on building them.“There is no national policy or even a set of minimum Sri Lankan standards to ensure quality when building […]

Sri Lanka Customs Superintendent Athula Lankadevas residence in Maharagama was given security from Monday night.Finance Minister Dr. Sarath Amunugama met top Customs and Police officials on Monday to deal with the problem of providing security to customs officers under threat.rn rnLankadeva is currently conducting a revenue fraud investigation into the import of GoldQuest gold medals […]

The Court of Appeal issued notice on two Sri Lankan members of Parliament, the Elections Commissioner and the Secretary General of the governing party on Monday. A Writ Application filed by Sunanda Deshapriya, a Co-convenor of the Center for Monitoring Election Violence was heard on Monday.rn rnThe Appeal Court, considering the petition issued notice on […]

Treasury Secretary Dr. P B Jayasundera says the government is formulating new laws to stop international racketeers from using local financial markets to launder funds collected through illegal means.The new money laundering law would be one of the pieces of draft legislation coming under the financial sector reform cell of the newly created National Committee […]

Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions.Unidentified gunmen failed in a late-night quest this week, to kill the top customs official who is heading the revenue fraud investigation in the import of GoldQuest medallions. […]

The government says it is working on US styled Chapter 11 bankruptcy laws to resuscitate ailing firms.The fresh laws will cover sole traders and partnerships, in addition to limited liability companies.rn rnUnveiling its new economic policy, the government says such laws will come under a dedicated agency to speed up the restructuring process.rn rn”Sri Lanka […]

ldblquote The proposed legislation is a violation of human rights, dblquote Head of the Legal Division, Centre For Policy Alternatives (CPA), Rohan Edrisinha says. rn rnMany others warn that the Bill could lead to further communal differences in the island already divided on ethnic lines.rn rnThe CPA is just one of the civil rights organisations […]

Central Bank is to take action against 4000 pyramid promoters who had fraudulently helped send nearly US$ 7 million out of the country in the in the first quarter of this year.“We can impose fines up to three times the value of the foreign exchange transaction involved,” Exchange Controller H A G Hettiarachchi told a […]

The Fraud Bureau has sought Attorney General’s advice on how to proceed with the GoldQuest case, after the Controller of Exchange who is conducting a foreign exchange fraud investigation, referred the matter to the Bureau.The Fraud Bureau has sought Attorney General’s advice on how to proceed with the GoldQuest case, after the Controller of Exchange […]

Sri Lankas public utilities need regulating, the regulatory body is manned, trained and ready to go but has nothing to regulate.The Public Utilities Commission of Sri Lanka (PUCSL), the countrys multi sector regulator, is up and about for almost one year now but cannot do its job.rn rnThe lack of political will to implement reforms […]

Expats buying land here will be charged a 100% tax, with a committee appointed to recommend action for new land sales and real-estate already sold. The committees advice due in 7 weeks will also cover policies on foreign ownership of other property like condominiums.rn rnFreedom Alliance Minister Anura Dissanayake told reporters in Colombo today that […]

The Securities watchdog on Wednesday threatened legal action against members firms who promote pyramid schemes as potential investments.The watchdog says it does not sanction or approve promotion of investments/participation in pyramid schemes or schemes of similar nature, by any firm or person licensed, registered or regulated by the Securities & Exchange Commission (SEC).rn rnldblquote The […]