FINANCIAL CHRONICLE – The cabinet of Sri Lanka has given its endorsement to present the newly published anti-corruption regulations for 2026 to parliament for consideration. […]
Category: Legal
Lanka Law Launches AI Legal Drafting Tool, Bringing Professional Document Automation to Lawyers, Businesses, and the Public
Colombo, Sri Lanka – Lanka Law has announced the launch of its new AI Legal Drafting Tool, a powerful legal technology solution designed to help lawyers, HR […]
Sri Lanka’s Proposed Changes to National Environment Act Aim to Enhance Environmental Impact Assessments, According to Research Organization
FINANCIAL CHRONICLE – A proposed amendment to Sri Lanka’s National Environment Act currently under consideration in Parliament aims to enhance the quality standards for Environmental […]
Why Does Sri Lanka Keep Changing the Basic Rules?
One of the recurring frustrations of governance in Sri Lanka is that just when citizens, investors and institutions become accustomed to a particular set of […]
Opposition, Lawyers Oppose Judicial Age Extension
A growing chorus of opposition voices, senior lawyers and legal associations has emerged against a reported government proposal to extend the retirement age of judges […]
Sri Lankan legal professionals caution against increasing the retirement age for judges.
FINANCIAL CHRONICLE – The Bar Association of Sri Lanka (BASL) has expressed strong objections to potential changes regarding the retirement age of judges serving in […]
Sri Lanka Supreme Court Revives Treasury Bond Scam Prosecution, Clears Way for High Court Trial
In a significant legal development concerning Sri Lanka’s controversial Treasury Bond scandal, the Supreme Court has overturned a Court of Appeal decision that effectively halted […]
Sri Lanka urged to establish equitable agreements for gig workers in light of impending ILO standards: CSF
Sri Lanka needs to safeguard its gig economy workers by fostering cooperation among labor authorities, platform companies, workers, and advocacy organizations, according to a public […]
Sri Lanka Implements Alcohol Prohibition for Vesak; Citizens Encouraged to Report Offenders Through Hotline
According to the Commissioner General of Excise in Sri Lanka, M. B. N. A. Pemaratne, all liquor stores across the country will be closed on […]
Sri Lanka to Develop a National Intellectual Property Strategy Aimed at Addressing Organizational Shortcomings
FINANCIAL CHRONICLE — The cabinet of Sri Lanka has given its approval for the development of a National Intellectual Property Policy aimed at addressing existing […]
SriLankan Airlines Refutes Responsibility in AED 974,000 Fraud Case Involving UAE Service Provider
SriLankan Airlines, the state-owned national carrier, has refuted claims of liability made by a service provider based in Dubai, who alleged that it had not […]
Sri Lanka’s Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has conducted a thorough examination of all banking institutions to identify any fraudulent activities akin to […]
Sri Lanka Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, announced that a thorough examination of all banking institutions was conducted to identify […]
Derivative Action Against NDB Raises Serious Questions Over Maintainability Before Commercial High Court
The derivative action filed against National Development Bank PLC (“NDB”), its Board of Directors and external auditors Ernst & Young has now evolved into a far broader controversy involving […]
Former Sri Lankan President Interrogated Regarding Airbus Agreement Following Passing of Crucial Witness
FINANCIAL CHRONICLE – Former Sri Lankan President Mahinda Rajapaksa recently appeared before the nation’s anti-corruption authority to provide a statement regarding a contentious Airbus procurement […]
When You Stand Surety in Sri Lanka: What Happens if the Accused Stops Coming to Court?
One of the least understood dangers inside Sri Lanka’s criminal justice system is not always faced by the accused person alone. Sometimes the real panic […]
Faizer Musthapha’s Derivative Action Questions Deloitte India’s Role in NDB Fraud Investigation as Forensic Auditor
The derivative action now placed before the Commercial High Court over the NDB Bank Rs. 13.2 billion fraud may prove to be one of the […]
Former SriLankan Airlines CEO Linked to Corrupt Airbus Transaction Discovered Deceased
FINANCIAL CHRONICLE – Authorities in Colombo reported the death of Kapila Chandrasena, the former CEO of SriLankan Airlines and a primary suspect in a controversial […]