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Editorial

Overview

Sri Lanka is among the fastest growing economies in Asia and continues to attract a strong flow of foreign investment, particularly in the retail, tourism and hospitality sectors. Although the International Monetary Fund has sounded a note of caution regarding Sri Lanka’s public debt, particularly as state-owned banks have stepped up borrowing on international capital markets, the government has succeeded in curbing debt levels, successfully hitting its debt-to-GDP target months ahead of schedule.

The end of the country’s devastating 26-year civil war has seen renewed focus on infrastructure development, providing Sri Lanka’s law firms with the opportunity to gain instructions from big-ticket investors from India, China, Korea and Japan.

The main players in the market include F J & G De Saram, Nithya Partners, Neelakandan & Neelakandan (formerly Murugesu & Neelakandan), and Julius & Creasy. D. L. & F. De Saram, Sudath Perera Associates and Tiruchelvam Associates also have strong full-service practices.

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