Law Club
May 27, 2007 (LBO) – Sri Lanka has been re-elected to the United National Commission on International Trade Law (UNCITRAL) for a six year period, the …
Legal
Extradition Quest
May 26, 2007 (LBO) – The Philippine government has asked for arrested operators of the Questnet referral schemes in which tens of thousands of poor …
Tax Loophole
May 22, 2007 (LBO) – The new company law gives companies a better chance to avoid paying tax on investment income, a corporate law expert said Tuesday. A …
At Last
May 21, 2007 (LBO) – Copies of Sri Lanka’s new Companies Act can now be downloaded from the Web and are available at the government publications …
Bonus Status
May 18, 2007 (LBO) - Colombo Stock Exchange has withdrawn the approval for bonus issues of some companies, and asked twelve firms to submit fresh applications …
More Victims
May 14, 2007 (LBO) – A listed Islamic insurer said it was suspending a proposed bonus issue, while a shipping firm said it had sought legal advice on how …
Another One
May 11, 2007 (LBO) – Chemanex, a listed chemical firm, has postponed a shareholder meeting called to ratify a bonus issue after a new company law came …
No Split
May 10, 2007 (LBO) – A listed hotel firm in Sri Lanka has decided not to go ahead with a share split citing provisions in a new company law that came …
Splitting Hairs
May 9, 2007 (LBO) – Firms that declared a 'bonus' issue but have not yet ratified it with a shareholder vote will have to go through a process under the …
Miscreants Beware
May 7, 2007 (LBO) – Sri Lanka’s new Companies Act will force firms to better comply with listing rules and help clean up the 'Default Board' of the …
Tougher Laws
May 07, 2007 (LBO) - Sri Lanka plans to include tough anti-terror financing laws into banking, insurance and securities market, in a bid to crack down on …
Jakarta Arrest
May 7, 2007 (LBO) – Indonesian police have arrested top operatives of the GoldQuest scheme, while its founder is also wanted by Interpol for his …
Robot Watchdog
April 26, 2007 (LBO) – Securities and Exchange Commission of Sri Lanka (SEC) is considering introducing computerized surveillance systems to monitor …
Fraud Warning
April 24, 2007 (LBO) – The Central Bank of Sri Lanka is warning the public against payment card fraud following the discovery of a massive fraud in the …
Tougher Rules
April 24, 2007 (LBO) – Tough new corporate governance rules were being made mandatory to make the markets more attractive to foreign and local investors, …
Plastic Probe
LONDON, April 21, 2007 (AFP) - British police are investigating a global credit card scam, allegedly linked to Sri Lanka's Tamil Tiger rebels, which has conned …
Minority Protection
April 16, 2007 (LBO) – Sri Lanka’s long-delayed new Companies Act offers greater protection for minority shareholders and could encourage more …
Dope Deals
April 10, 2007 (LBO) – Heightened security in the country has allowed authorities to nab more drug dealers and abusers last year with arrests climbing 69 …
Herd Instinct
April 06, 2007 (LBO) – Sri Lanka’s accounting watchdog has gained membership of a global accounting regulatory forum, the regulator said in a …
Colombo Round
April 03, 2007 (LBO) – Sri Lanka needs to master trade law to take the best advantage of international trade, Chief Justice Sarath Silva said Tuesday at …