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The Personal Data Protection Act of Sri Lanka was passed in parliament and was certified by the Speaker on 19th March 2022 and is the principal legislation that deals with the protection of personal data in Sri Lanka. For the large part the Act being in line with global legislation
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The proposed 21st Amendment to the constitution of the Democratic Socialist Republic of Sri Lanka was published via gazette supplement dated 6th May 2022. The said bill was introduced as a private member’s bill and was presented to the cabinet on 17th May 2022. In brief, the bill proposes
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<p>The Press Release dated 31.05.2022 was issued by the Media Division of Prime Minister’s Office setting out several proposals revising the VAT regime. A summary of salient features of such proposals is set out below:<br><br></p>
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<p><!-- wp:paragraph --></p> Proposed Tax Reforms – Value Added Tax (“VAT”) In Sri Lanka The Press Release dated 31.05.2022 was issued by THE Media Division of Prime Minister’s Office setting out several proposals revising the VAT regime. A summary
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What is Arbitration? Arbitration is a means of non-judicial dispute resolution by referring a dispute to a neutral party (an Arbitrator) for a binding decision, or “Award”, which is enforceable in Court. Arbitration is generally sought by parties as it provides more flexibility in resolving the dispute when compared to
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Applicability Any person including individuals, companies, Funds, NGO’s, partnerships who has not disclosed any amount of taxable supply, income or asset which was required to be disclosed under laws related to income tax enacted in 1979, 2000, 2006 and 2017 (“IR Laws”) and Value Added Tax Act No. 14
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Proposed Bill to amend the Intellectual Property Act with a registration system on Geographical Indications in Sri Lanka The Bill to amend the Intellectual Property Act No 36 of 2003, to introduce a system to register Geographical Indications (“GI”) has been presented to Parliament in Sri Lanka. The intention behind
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The Supreme Court recently delivered an interesting judgement pertaining to the matter of establishing prescriptive title on the basis of long use. The dispute concerned two individuals who were related to each other and the premises in dispute was an ancestral home in which the plaintiff and the defendant had
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On 26th October 2021, the Registrar General of Companies announced that the Ministry of Finance proposes to amend the Foreign Exchange (Classes of Capital Transactions Undertaken in Sri Lanka by a Person Resident Outside Sri Lanka) Regulations No. 2 of 2021 (“Fx Regulations”) to mandate a minimum investment threshold of
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<p>Presently, Sri Lankan law does not provide for a minimum retirement age that is applicable to the private sector. The first of its kind, the ‘Minimum Retirement Age of Workers Bill 2021’ (“Bill”) has been presented to Parliament.</p> The said Bill has proposed that
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The prevailing labour laws and industrial relations provide for various types of disciplinary measures an employer is permitted to take in Sri Lanka (e.g. dismissal, suspension without pay, demotion transfer stoppage of increment, deferment of increment, reduction of bonus, warning, fine), in the event an employee commits an offence/
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‘A woman, a dog, and a walnut tree, the more you beat ’em, the better they be’ - The Sri Lankan legal framework for prevention of domestic violence and abuse, a crisis in the age of the pandemic: The Legal framework in Sri Lanka for the prevention of and punishment