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Explainer: The Proposed Property Tax in Sri Lanka
Avishka Jayaweera On 13 June 2024, the International Monetary Fund (IMF) published the Country Report on Sri Lanka following the second review under its Extended Fund Facility. The relevant staff report published under the review included a proposal to introduce a...
Ranil Angunawela appointed Legal Advisor to the Power Sector Reform Secretariat
LexAG senior partner Ranil Angunawela was appointed Legal Advisor to the Power Sector Reform Secretariat, Ministry of Power and Energy. The Secretariat is responsible for preparing new legislation for the power sector.
Data Privacy Law and its Intersection with Organisations and Society
Partner Gehan Gunatilleke appeared on Echelon Magazine/ EconomyNext to discuss Sri Lanka's Data Privacy Laws. https://vimeo.com/786506952/cf4350a39d
Regulation of the Insurance Industry in Sri Lanka
Partner Ranil Angunawela addressed the National Law Conference on the impact of the Covid-19 pandemic on the banking and insurance sectors https://www.youtube.com/watch?v=t8A0BaQI8KA
Regulating parate execution in extraordinary times
By Ranil Angunawela and Malsirini de Silva The COVID-19 pandemic and consequent public safety protocols have placed an enormous strain on individuals and the economy. State-imposed lockdowns have brought the economy to a virtual halt. Businesses have struggled to meet...
Ranil Angunawela, Insurance Board of Sri Lanka at Fintelekt AML Summit (Sri Lanka) 2017
https://www.youtube.com/watch?v=dQ7F-Ar33VE&ab_channel=FintelektAdvisoryServicesPvtLtd Fintelekt hosted the 3rd Annual Anti-Money Laundering Summit (Sri Lanka) at Taj Samudra, Colombo on April 5, 2017. This forum provided an exclusive opportunity for sharing of...
NMRA should quit playing games with our hearts
Devinda de Silva Controversies over pharmaceutical pricing has recently received a lot of media attention, but left us with more questions than answers. Patients should no doubt have access to affordable pharmaceuticals, and it is the task of national regulators to...
Are all generics the same?
Devinda de Silva Ever bought a pair of ‘abibas’ slides from Pettah? Or some ‘Colvin Klean’ underwear? No harm if you have (reputational harm doesn’t count). But how safe would you feel buying the abibas version of a heart medicine? They appear the same, and...
Is irrational pricing causing medicine shortages in Sri Lanka?
Devinda de Silva ‘May I have a card of Vitamin D3 for children, please?’ ‘Sorry, we’re out of stock and don’t get that anymore.’ Sounds familiar?A pricing formula is a structured method to calculate the cost of medicines and is a crucial tool for ensuring the...
Unpacking the Women Empowerment Act
Amindri Sinnathamby In a landmark moment for Sri Lanka, Dr. Harini Amarasuriya was appointed Prime Minister on 24 September. She is the first woman to hold the position in 24 years. Her appointment marks a significant step forward for women empowerment in the nation,...
What if no candidate gets 50%+ votes at Sri Lanka’s next Presidential election?
Devinda de Silva This month, Sri Lankans will be casting their ballot for a new president. However, the 2024 Presidential election faces an unusual challenge. Conventionally, elections have featured two primary candidates contesting each other. In 2019, it was...
LMD The Forum: Is Democracy a Panacea?
A conversation with Dr Gehan Gunatilleke on democracy in Sri Lanka. https://www.youtube.com/watch?v=TC1FOwr_2ZU
The Sri Lanka Electricity Bill passed by majority vote in the Parliament
The Sri Lanka Electricity Bill was passed by a majority of 44 votes following the debate held in the Parliament today (Jun. 06). At the end of the debate on the Second Reading of the Bill held today, the Opposition called for a division and accordingly, 59 votes were...
Dr. Gehan Gunatilleke joins Janashakthi Insurance Board
Dr. Gehan Gunatilleke has been appointed as an Independent Non-Executive Director on the Board of Janashakthi Insurance Plc. Dr. Gunatilleke is an Attorney-at-Law and a founding partner of LexAG, a law firm based in Colombo. He is a former advisor to Sri Lanka’s...
Electricity sector reforms bill gets green light
Zulfick Farzan COLOMBO (News 1st); The Cabinet of Ministers approved the proposed Electricity sector reforms bill, and the new bill will be gazetted and presented in Parliament for approval, said Power and Energy Minister Kanchana Wijesekera. The Department of...
Collaboration with NHCo
LexAG - Legal Consultants is pleased to to announce its collaboration with Nihal Hettiarachchi & Co, Chartered Accountants, an independent member of HLB International.
Taming the Digital Realm
Global Content Moderation Practices In this in-depth publication on global content moderation practices, we explore the challenges and implications of regulating online platforms. Several authors highlight the importance of considering local socio-political and...
President appoints new members of EC, HRCSL
President Ranil Wickremesinghe yesterday announced the appointment of members to the Election Commission and the Human Rights Commission (HRCSL).Retired Supreme Court judge Justice L.T.B. Dehideniya has been appointed Chairman of the HRCSL. The other newly-appointed...
Sri Lanka early presidential poll will require constitutional amendment: expert
Himal Kotelawala ECONOMYNEXT – Sri Lanka President Ranil Wickremesinghe who is reportedly looking for an early popular mandate will need to seek a constitutional amendment repealing a provision that prevents a president elected by parliament from calling an early...