Category: Legal
CBSL Warns Against Misleading Overseas Property Investments, Threatens Legal Action
The Central Bank of Sri Lanka (CBSL) has issued a stern warning to the public regarding misleading advertisements promoting overseas investments in immovable properties and offering guidance on obtaining foreign financing for such ventures. The CBSL emphasizes that many of these advertised activities contravene the country’s foreign exchange regulations and has signaled its intent to […]
TISL Welcomes Passage of Proceeds of Crime Act: A Landmark Step in SL’s Anti-Corruption Efforts
The Proceeds of Crime Act introduces non-conviction based asset forfeiture and strengthens Sri Lanka’s legal tools for recovering illicit assets, including those held abroad. The law shifts the burden of proof, enabling more effective recovery of stolen wealth and aligning Sri Lanka’s legal framework with international standards. TISL highlights the law’s focus on asset recovery […]
Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations
The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. Further, the following Companies/Apps have also been determined as prohibited schemes under Section 83 (C) of the Banking […]
Acting President of Court of Appeal Justice Mohammed Thahir Laffar’s Term Extended
The term of Acting President of the Court of Appeal Justice Mohammed Thahir Laffar has been extended. Accordingly, Justice Mohammed Thahir Laffar took his oath before President Anura Kumara Disanayake at the Presidential Secretariat today (17). Secretary to the President Dr. Nandika Sanath Kumanayake was also present on this occasion.
BASL’s Contradictory Approach Exposed in AG Controversy, Says Lasantha’s Daughter
Ahimsa Wickrematunge, daughter of slain journalist Lasantha Wickrematunge, has accused the Bar Association of Sri Lanka (BASL) of a contradictory approach in defending Attorney General Parinda Ranasinghe, despite his alleged role in obstructing justice in politically sensitive cases. In a letter to BASL President Anura Meddegoda, she criticized the association’s inconsistency—challenging prosecutorial decisions when convenient […]
TISL Challenges Procurement Guidelines and Procurement Manual (2024) in Supreme Court
Transparency International Sri Lanka (TISL) has filed a Fundamental Rights Petition (SCFR/22/2025) in the Supreme Court on Friday, 31st January 2025, challenging the Procurement Guidelines and Procurement Manual (2024) issued by the National Procurement Commission (NPC). This public interest petition raises concerns about the lack of transparency in the new guidelines, which do not adequately […]
Foreign Minister launches e-service for copies of Birth, Marriage & Death certificates for overseas Sri Lankans
Foreign Minister Vijitha Herath in partnership with the Registrar General’s Department launched the pilot project to facilitate overseas Sri Lankans to obtain certified copies of birth, marriage, and death certificates through Sri Lanka Missions abroad. The system provides Missions access to the e-BMD database (electronic – Birth, Marriage and Death certificate Database) of the Registrar […]
Supreme Court Justice Murdu Fernando takes oath as Sri Lanka’s 48th Chief Justice
Supreme Court Justice Murdu Nirupa Bidushinie Fernando was officially sworn in as the Chief Justice of Sri Lanka before President Anura Kumara Dissanayake today (02) at the Presidential Secretariat. She assumes office as the 48th Chief Justice of Sri Lanka, succeeding Chief Justice Jayantha Jayasuriya, who recently retired. Her appointment received approval from the […]
Sri Lanka elected to the UN Commission on International Trade Law
Sri Lanka was among thirty-one (31) members elected to the United Nations Commission on International Trade Law (UNCITRAL) by the UN General Assembly on 20 November 2024. Sri Lanka contested for a seat from the Asia Pacific Group, and secured 177 votes. This was the second highest number of votes within the group, and second […]
TISL Raises Alarm Over Violation of Election Laws by Palmyrah Development Board
Transparency International Sri Lanka (TISL) has filed a formal complaint with the Election Commission of Sri Lanka (ECSL) regarding recent appointments made at the Palmyrah Development Board (PDB) in Jaffna, which appear to contravene current election laws. On October 10, Selvin Ireneuss Mariampillai was appointed as Chairman of the PDB. Just 12 days later, on […]
Central Bank of Sri Lanka Discontinues Pension Payments for Governors
The Central Bank of Sri Lanka (CBSL) has announced a significant change in its pension policy for former Governors, effective from September 11, 2024. Under the revised rules, any Governor appointed after January 1, 1998, will no longer be eligible for pension payments. This move comes as part of a broader reform under the CBSL […]
TISL Challenges the Companies (Amendment) Bill
Transparency International Sri Lanka (TISL) filed legal action on Friday the 13th of September in the Supreme Court challenging the Bill issued on 06th August 2024 to amend the Companies Act No. 07 of 2007. The amendment introduced a much-needed anti-corruption tool to Sri Lanka’s legal framework – a Beneficial Ownership register. A publicly accessible […]