

Capital Markets – Colombo Stock Exchange New Circuit Breakers
The Colombo Stock Market (CSE) will adopt a 3 tiered index based circuit breaker structure (New Circuit Breaker) which will attach to the S&P SL20 Index. The S&P Index follows 20 leading publicly traded companies on the CSE. The New Circuit Breaker was introduced by the Securities Exchange Commission (SEC) by its directive. The New
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Concessions to Notaries Public and delayed stamp duty payments
The spreading of the COVID-19 pandemic and the resultant lockdown/curfew has posed certain issues for Notaries Public when complying with and adhering to their duties in terms of the Notaries Ordinance and the Registration of Documents Ordinance. In order to address these issues faced by Notaries Public, the Bar Association of Sri Lanka (BASL) and
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Relief measures implemented by Governments across the world – Covid-19
Sri Lankan businesses operating overseas seeking information on relief measures and actions implemented by Governments around the world to reduce the impact of COVID-19 may now access the ‘COVID–19 Government Support Measures Report’ produced by Lex Mundi. The report is a compilation of governments’ relief measures and actions prepared by member firms in 104 jurisdictions.
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Covid-19 – Amendments to Foreign Exchange Regulations Concerning Inward and Outward remittances
(Department of Government Printing)The Minister of Finance, Economic and Policy Development has with a view to inter-alia maintaining foreign currency reserves, amended Foreign Exchange (Classes of Capital Transactions in Foreign Exchange Carried on by Authorized Dealers) Regulations No. 1 of 2017 published in the Gazette Extraordinary Notification No. 2045/56 dated 17.11.2017 issued under the Foreign
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Covid-19 and Certain Challenges for Employers in Sri Lanka
Lockdowns, curfews and the virtual ‘pause’ of business activities and consequently the ‘pause’ of income generation, with the resulting prediction of a marked decrease in future income due to the hardly vibrant global and local economic order to be faced soon. Employers being faced with the daunting and unenviable task of facing the multitude of
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Emergency contact information
The Minister of Justice on 8th June 2021 presented the Coronavirus Disease 2019 (COVID-19) (Temporary Provisions) Bill. The emergence of the new COVID-19 virus variant and the surge in the spread of the virus over the past few months has resulted in cyclical lockdown/curfew and/or travel restrictions being imposed in Sri Lanka. This has placed
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Covid-19 and Force Majeure
On the 11th of March 2020, the prevalent global COVID-19 outbreak was declared as a Pandemic by the World Health Organization and many countries moved to impose restrictions on movement of persons, business activities and day to day operations in an attempt to contain the spread of the virus. The government of Sri Lanka imposed
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