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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and Incentives to Businesses of Strategic Importance) Regulations, No. 2 of 2023 expired in August 2025 and have been replaced by Regulations No.1 of 2025.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
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In Sri Lanka, the termination of employment is governed by the Industrial Disputes Act No. 43 of 1950, as amended (“IDA”), and the Termination of Employment of Workmen (Special Provisions) Act No. 45 of 1971, as amended (“TEWA”). These laws apply across all categories of employees. On a collective application
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On 18 June 2025, the Minister of Finance, Planning and Economic Development issued an Order under Section 22 of the Foreign Exchange Act, No. 12 of 2017 (“Foreign Exchange Act”), published in Gazette Extraordinary No. 2441/14 (“New Order”), repealing the previous Order published in Gazette Extraordinary No. 2415/56
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On 30 September 2024, the Central Bank of Sri Lanka (CBSL) issued the “Banking Act Direction No. 5 of 2024” (“the New Direction”), setting out a comprehensive framework for corporate governance in licensed commercial and specialized banks. Effective from 1 January 2025, the new Direction has been implemented, thereby revoking
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What is a Geographical Indication? A Geographical indication is an indication which identifies any goods as originating in the territory of a country, or a region or locality in that territory, where a given quality, reputation or other characteristic of the good is essentially attributable to its geographical origin. Examples
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An integrated digital payment platform, ‘GovPay’, the first of such in Sri Lanka was launched on February 7, 2025 being the first part of a trio of digital programs seeking to unify all state entities under a single digital payment system to enhance the efficiency of state services while improving
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The ‘Colombo Port City’ (‘CPC’) conceived to function as a separate free trade zone in the form of a ‘business and financial district’, to allow Sri Lanka to emerge as a regional ‘commercial and financial Centre’. The enabling legal framework has as its principal legislation the ‘Colombo Port City Economic
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The highlights of revisions to tax proposals presented in the National Budget 2025 for the current year, which may be implemented after formal amendment to the relevant legislation, primarily the Inland Revenue Act No. 24 of 2017, as amended (“IRA”).
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The highlights of revisions to tax proposals presented in the National Budget 2025 for the current year, which may be implemented after formal amendment to the relevant legislation, primarily the Inland Revenue Act No. 24 of 2017, as amended (“IRA”).