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The recent directions from the Central Bank of Sri Lanka (CBSL) on maximum interest rates for Finance Companies (FCs), officially titled "Finance Company Directions - DLF No 01 of 2025," establish a new legal framework for how FCs can manage interest rates on deposits and debt instruments. These
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Sections 82A – 82F of the Bills of Exchange (Amendment) Act, No. 13 of 2025 introduces stronger penalties, clearer rules, and faster legal remedies for dishonoured cheques under the Bills of Exchange Ordinance No. 25 of 1927 (as amended). The new amendment sets out what constitutes an offence, who can take
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The Port City Colombo unveiled on 5th September 2024, its newest facility — the opportunity of ‘duty-free’ shopping with a dedicated new mall providing a never before shopping experience in the city of Colombo. The enabling legal provisions rooted in the Colombo Port City Economic Commission Act No. 11 of 2021
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The Colombo District Courts of Sri Lanka by its recent judgements have recognised a divorce decree issued by US courts (decided on 6th June 2024) as well as a marriage annulment decree issued by the Melbourne Federal Courts of Australia. These decisions follow a landmark ruling by the Court of
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Sri Lankan Airlines Limited Vs P.R.S.E. Corea (S.C. Appeal No. 91/2017) The Supreme Court by its decision dated 2nd February 2024 highlighted the importance of employers being unyielding towards sexual harassment both in the private and public sectors. The case involved a senior flight steward