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Corporate governance in the face of environmental and social activism – Is shareholders’ interest reconcilable with a company’s ability to address its environmental and social impact? Corporate governance is usually seen from a shareholder viewpoint, where the main goal of a company is to create value for shareholders, and the
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The Consumer Affairs Authority has issued an Extraordinary Gazette notification No. 2332/15 by virtue of the powers vested under Section 10(1) (b) (ii) on 17th May 2023 for the protection of the consumer that any e-commerce entity or platform operator engages in marketing and selling of any goods
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An evaluation of State Accountability in ensuring National Security. (SCFR163/19,165/19,166/19,184/19,188/19,191/19,193/19,195/19,196/19,197/19,198/19,293/19) TOn 12.01.2023 a bench of seven judges of the Supreme Court comprising of Chief Justice
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Article 4 (c ) of the Constitution of Sri Lanka states that the judicial power of the people shall be exercised by Parliament through courts, tribunals, and institutions created and established, or recognized, by the Constitution, or created and established by law. The court system consists of the Supreme Court, the
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The Intellectual Property Act No. 36 of 2003 (the “IP Act”) is the primary legislation which provides for the protection of Intellectual Property rights in Sri Lanka. Protection is afforded to Intellectual Property such as copyrights and related rights, trademarks, tradenames, layout designs of integrated circuits, geographical indications, and undisclosed
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The Personal Data Protection Act (PDPA) regulates the processing of personal data and protects the rights of data subjects. This guideline aims to help you understand what some of your responsibilities will be, once the substantive provisions of the PDPA come into force somewhere between 19th September 2023 and 19th
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The Recovery of Possession of Premises Given on Lease Act, No.1 of 2023 (herein after referred as “The Act”) was certified and took effect from the 17th January 2023. This Act allows the Lessor to institute an action to recover the possession of the premises given on lease where
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In terms of the Foreign Exchange (Short Term Foreign Currency Loans from a Company Incorporated Outside Sri Lanka) Regulations No. 2 of 2022 dated 02.12.2022 (“Regulations No. 2”), permission has been granted for companies incorporated in Sri Lanka under the Companies Act, No. 07 of 2007 (as amended)
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The District Court of Colombo recently delivered a landmark judgement awarding compensation to a disabled child whose disabilities had arisen as a direct result of the negligent conduct of the hospital and medical professionals at the time of her birth. Additional District Judge, Justice Kalhari Liyanage, by her judgment dated
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The various cyber security breaches in 2022 affecting government institutions such as SriLankan Airlines, the Ministry of Health, the Sri Lankan Bureau of Foreign Employment and the Department of Examinations, have exposed the need for a robust cyber security framework to be established. The first draft of the Cyber Security
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The Casino gaming business in Sri Lanka is regulated by the Casino Business (Regulation) Act 17 of 2010 (“Act”). Nearly 12 years after its enactment, the Minister of Finance has issued Casino Business Licensing Regulation No. 1 of 2022 (“Regulation”) giving effect to the provisions of the Act. A brief
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As it stands under the current Sri Lankan legal framework women are permitted to work during night hours only in limited circumstances. The need for the lifting of such restrictions had been proposed by the Minister of Labour and Foreign Employment in Sri Lanka which subsequently received Cabinet approval on