Category: Legal

A separate Monopolies and Mergers Commission is being spun off from the new Consumer Protection Act, Fair Trading Commission (FTC) officials said.Modelled on similar anti-trust legislation in other countries, the new Consumer Protection legislation is being split into two, with mergers and monopolies under a separate authority. online pharmacy buy fluoxetine with best prices today […]

A new law that will formally recognize transactions and contracts made through computers is now being drafted officials say.Sri Lankan law does not recognize digital signatures.rn rnAs a result Sri Lankan companies may not be able to make the best use of information communications technology with their counterparts abroad.rn rnThe new law is expected to […]

The Central Bank is seeking consultancy expertise to help overhaul key financial legislations early next year.The US$ 30 mn World Bank grant project will cover the Monetary Law the Banking Act, Exchange Control Act and Finance Companies Act.buy levitra online buy levitra no prescription buy cymbalta online buy cymbalta online no prescription rn rnOfficials say […]

The Central Bank is seeking legal expertise to help overhaul key financial legislations early next year.The project will cover the Monetary Law Act, Banking Act, Exchange Control Act, Finance Companies Act, Finance Lease Act, and institution specific legislations like the National Development Bank Act, DFCC Bank Act, Bank of Ceylon Act and Peoples Bank Act. […]

US style bankruptcy protection laws are on the pipeline covering sole traders and partnerships in addition to limited liability companies.The Private sector has been asking for bankruptcy protection laws for some time to give troubled businesses breathing space while they restructure. online pharmacy buy strattera with best prices today in the USA online pharmacy buy […]

The amended Monetary Law will refocus the Central Bank to key objectives of economic, price and the financial system stability. The Central Bank presently handles activities like Exchange Control, the Employees Provident Fund and public debt.rn rnEconomists say that these functions are not performed by Central Banks in the modern world and could be in […]

The Act will be brought in line Basle requirements and international best practices.rn rnThe Banking Law governs commercial and specialized banks.rn rnThe SEC takeovers and mergers code and banking act provisions have come into conflict in the past with regard to financial sector M&A activity.rn rnThe amendments will give the Central Bank the power to […]

Cabinet has rubber stamped a Labour Ministry proposal to clear a backlog of fifteen thousand labour tribunal cases on a fast track basis. The proposal to be ratified before parliament makes it mandatory for Labour tribunal cases to be settled in four months, arbitration cases in two months and termination cases in one month. rnThe […]

Cabinet has rubber stamped a Labour Ministrys proposal to clear a backlog of 15,000 labour tribunal cases on a lquote 4:2:1 solution.The proposal to be ratified before parliament makes it mandatory for Labour tribunal cases to be settled in four months, arbitration cases in two months and termination cases in one month. buy glucophage online […]

Clamping down on excessive government spending, cabinet on Wednesday passed the Fiscal Responsibility Act, the UNF governments solution for the growing problem. The Act seeks to reduce the budget deficit to 5 per cent of GDP by 2006 and hold state institutions responsible for spending public funds.buy ventolin online buy ventolin online no prescription rn […]

The government is introducing a new law that will de-politicise welfare payments and improve targeting.“People will no longer be able to claim benefits due to political connections,” Deputy Finance Minister Bandula Gunewardene told the media. rnrn”The poorest of the poor who have no connections will now have a legal right to claim benefits.” rnrnThe government […]

With the Youth Corp bill getting the Parliament nod an estimated 40,000 young persons will go into job – oriented training this year.A further 150,000 will receive training next year. rnThe training will also include leadership and teamwork skills. rnPromoters of the new bill say that young people of today are mostly interested in government […]