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COMPARATIVE GUIDES
IHL SPRING 2017 EDITION
Sri Lanka > Law firm and leading lawyer rankings
Overview
The elections of 2015 brought a time of instability for Sri Lanka with foreign investors unsure about the continuation of infrastructure projects as a result of the change in government. The new government has been in place for over a year now, and the country has regained stability with a renewal in infrastructure projects. However the establishment of the Land Act saw a 15% tax placed upon foreigners looking to acquire a lease in the country, as well as a complete ban on foreigners owning land. Although foreigners are able to acquire a leasehold, it has been commented that the tax has severely deterred foreign investors from setting up in the country. The downturn in high end real estate transactions and foreign investment is noted by many law firms. The government has made plans to abolish these restrictions but is yet to do so.
The Sri Lankan legal market does not allow international firms to operate in the country and as such all firms house Sir Lankan lawyers, many of whom are educated both in Sri Lanka and internationally. Julius & Creasy is one of the largest firms, with 19 partners and over 70 lawyers. F. J. & G. De Saram and Nithya Partners are also major firms in the country.
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Press releases
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
Legal Developments worldwide
Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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Arresting Orders Under The Uae Criminal Procedure Law
It has been noticed that many of our colleagues based abroad are contacting us here in the UAE for their clients who were unfortunately arrested at one of the Airports in the UAE for some criminal charges. Their query usually relates to what the expected procedures are. -
Quarterly Update on Anti-Dumping Cases in Turkey (July 2017)
In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio , is given to the Ministry of Economy ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette. -
Recast of the EU Regulation on Insolvency Law Applicable as of Today
The EU Regulation on Insolvency Law 1346/2000 (EIR) was considered a milestone in the cross-border coordination of national insolvency proceedings. The recast of the EU Regulation on Insolvency Law 2015/848, applicable to insolvency proceedings opened after 26 June 2017, considers substantial developments in national insolvency laws. read more... -
Lessons Learned over Three Years: Amendment of the Hungarian Trust Regulation
The Hungarian Parliament passed an act in June 2017 with the aim of improving Hungary's business competitiveness. Among other things, the amendment has changed the regulation of trusts and their management, hopefully for the better, since the past three years have shown that a lack of such experience still exists. The legal concept of trust was introduced into Hungarian law in 2014, when the new Civil Code entered into force. Contrary to expectations, however, potential market players were hesitant to launch their businesses, mainly due to crippling bureaucracy and the vague regulation of trusts. read more... -
LAG DĂĽsseldorf: Dismissal with immediate effect valid in response to threat
Anyone who seriously threatens their employer or superior should expect to be dismissed with immediate effect. This was confirmed by a ruling of the Landesarbeitsgericht (LAG) DĂĽsseldorf [Regional Labour Court of DĂĽsseldorf] from June 8, 2017 (Az.: 11 Sa 823/16). -
Austria: Slightly Lower Fees, a Little More Liberalisation - The 2017 Amendments to the Austrian Tra
Following a year of intense political discussion, the Austrian Parliament adopted numerous amendments to the Austrian Trade Act 1994 ( Gewerbeordnung 1994 , " GewO ") at the end of June. While the reform falls significantly short of the outgoing government's original announcements last July with the aim to liberalise market access and to cut red tape for businesses, it nevertheless introduces several material changes to business activity in Austria. read more... -
Austria: Avoid Expensive Mistakes As Startup Employer
As violations may lead to enormous liabilities, start-up employers are advised from the outset to comply with the applicable laws pertaining to their personnel. In addition to being an underestimated factor when it comes to financial liabilities, employment-law-related mistakes may also result in difficulties in the course of a company's sales process. For a better understanding of what can go wrong in employment relationships, three of the most common mistakes that employers make are listed below. read more... -
Renewable Energy: Amendment of the Austrian Green Electricity Act Doubles Funding
After four months of negotiations, the Austrian National Council has finally reached an agreement on the amendment of the Green Electricity Act (" Ă–kostromnovelle "). The required two-thirds majority was reached by a last minute agreement between the coalition parties and the Green Party. The aim of the new legislation is to increase the percentage of green electricity and to achieve an expansion of renewable energy in Austria. read more... -
The Constitutional Court rekindles the debate on the necessity of a hearing prior to a dismissal in
The Constitutional Court rekindles the debate on the necessity of a hearing prior to a dismissal in the public sector -
Changing rules for applying foreign tax credits
12 Jul 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS
Press Releases worldwide
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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CJEU: Impermissible advertising for glucose featuring true statements
Even if health-related advertising claims are true, they may still mislead consumers and thus be impermissible. That was the verdict of the Court of Justice of the European Union (CJEU) (Az.: C-296/16 P). -
Bär & Karrer Advised the Sellers of Rotronic
The owners of Rotronic AG, which develops and manufactures measuring technologies, sold the company to funds managed by Battery Ventures. -
BKL Partner Kap-You (Kevin) KIM Appointed as President of KCAB International Arbitration Committee
Mr. Kap-You (Kevin) KIM, a senior partner at Bae, Kim & Lee LLC (“BKL”), has been appointed as President of the International Arbitration Committee of the Korea Commercial Arbitration Board (“KCAB”). -
MOUHAMED KEBE APPOINTED AS A MEMBER OF THE ICC’S INTERNATIONAL COURT OF ARBITRATION
The International Chamber of Commerce’s (ICC’s) International Court of Arbitration is recognised as one of the world’s leading arbitration institutions. It administers arbitrations from 3 locations (Paris, Hong Kong and New York) through a Secretariat working in 28 languages. Court Members are experienced arbitration practitioners drawn from over 100 countries. -
FAVOURING SLOVENIAN ORIGIN IS CONTRARY TO EU LAW
On the 8 th of June, 2017, the Court of Justice of the European Union (CJEU) reached an important decision in the case Medisanus d.o.o. v General Hospital Murska Sobota (C-296/15) concerning public procurement procedures. The judgement is relevant from both the procedural aspect - since the National Review Commission (DKOM) was acknowledged for the first time as a “national court” for the purposes of Article 267 of the Treaty on the Functioning of the European Union (TFEU), as well as from the substantive point of view – due to the emphasis on the principle of equal treatment and the prohibition of discrimination within public procurement procedures. -
GRP Rainer Rechtsanwälte: Assessing managers’ liability risk
Company managers bear a high level of not only responsibility but also risk. Various measures can be taken to reduce the risk of directors’ and officers’ (D&O) liability. -
Making arrangements for one’s estate early on with a will or contract of inheritance
Inheritance is set to become an ever more important topic in the coming years, which is why it is more crucial than ever to think about the distribution of one’s estate at an early stage. -
RĂ©gis Muller joins MOLITOR as Counsel
Luxembourg, 10 July 2017 - MOLITOR Avocats Ă la Cour announces the arrival of RĂ©gis Muller to its Employment, Pensions & Immigration Department. -
TAX TREATMENT OF INTRA-GROUP BACK-TO-BACK FINANCING ARRANGEMENTS
The Cyprus Tax Department ("TD") has issued an interpretative Circular on 30 th of June as to the tax treatment of intra group back to back financing arrangements. This follows the TD announcement that it will cease applying the minimum accepted profit margin on back to back loan schemes as agreed in July 2011. -
DC Finance Family Office & Wealth Management Conference in Israel: Cyprus Citizenship and Permanent
Stelios Americanos & Co LLC, participated in DC Finance conference in Israel on the 13th of June 2017. The seminar took place at Hilton, Tel-Aviv.