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Sri Lanka’s legal and commercial conscience is stirring. Concerns about integrity, public trust and corporate governance have moved from the margins to the centre, especially as Sri Lanka was ranked one hundred and twenty-first out of one hundred and eighty in the Transparency International Corruption Perceptions Index 2024. In
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Summary on the Grounds, Deadlines and Lis Pendens Many Donors later face situations where the Donee’s conduct forces them to reconsider a gift they once believed to be final. Although an irrevocable deed of gift is generally intended to be permanent, Sri Lankan law recognizes specific circumstances—cases of
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The Gambling Regulatory Authority Act, No. 17 of 2025 (“Act”), was certified by the Speaker on 03rd September 2025. Its primary aim is to establish the Gambling Regulatory Authority (GRA) and repeal existing legislation such as the Betting on Horse-Racing Ordinance, Gaming Ordinance, and the Casino Business (Regulation) Act, No.
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Introduction - A Crossroads for Corporate Sri Lanka Every economy faces a moment when survival alone is not enough. Sri Lanka has reached that moment emphasising the need for Corporate Restructuring. The past few years have tested boardrooms and balance sheets, and many of us in practice have seen the
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The Shop and Office Employees (Regulation of Employment and Remuneration) Act No 19 of 1954 (as amended) “SOEA” provides for holiday and leave entitlements of shop and office employees in Sri Lanka. The SOEA covers employees in all shops and offices in Sri Lanka, except for any bazar or sale
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Buying property is one of the biggest investments most of us make, and in Sri Lanka, land can be registered under two different property registration systems, each with its own legal framework and procedures that define how land ownership is recorded and recognized. The Title Registration system (Bim Saviya) and
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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 Reciprocal Recognition, Registration, and Enforcement of Foreign Judgments Act, No. 49 of 2024 (hereinafter referred to as “the REFJA”)1 was certified by the Speaker on 13th September 2024 and was brought into force by Part II of the Gazette dated 20th September 2024. Subsequently, by virtue of Gazette
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Grounds for obtaining a ‘divorce’ in Sri Lanka are all fault based and limited to 3, which are ‘adultery’, ‘malicious Desertion’ (where the party at fault leaves the matrimonial home) or Constructive Malicious Desertion (where due to the conduct of the party at fault the other party is compelled to
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Sri Lanka’s aviation legal framework plays a vital role in ensuring the safety, efficiency, and regulatory integrity of the nation’s airspace. Grounded in both international conventions and domestic legislation, it supports the structured development and oversight of civil aviation operations. The key legislative instruments governing civil aviation in
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The Colombo Port City (Guidelines on the Grant of Exemptions and Incentives to Businesses of Strategic Importance) Regulations, No. 2 of 2023 expired in August 2025 and have been replaced by Regulations No.1 of 2025. The new framework introduces more limited incentive periods and establishes higher eligibility thresholds for