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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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Dubai Court Rejects Extradition Request for 'Wanted' Russian Woman
A Russian woman, wanted for fraud in her country, will not be extradited after Dubai Courts rejected the request. -
Should NZ recognise blockchain signatures and smart contracts in our Electronic Transactions Act?
The State of Arizona has passed a ground-breaking law confirming that smart contracts and blockchain-based signatures have the protection of its Electronic Transactions Act. 1 -
The Code on the well-being of workers is published
The Code on well-being of workers, which coordinates the various texts concerning well-being in the workplace by grouping them in a single instrument, was published in the Belgian Official Gazette on 2 June 2017 and will enter into force on 12 June 2017. This will make it easier to find specific regulations concerning well-being of workers. It is useful to inform all the stakeholders, who play a role in the company policies on well-being of workers of this recent publication. -
The Austrian Law on the Responsibility of Associations: New tendency to prosecution authorities to t
The Austrian Law on the Responsibility of Associations ( Verbandsverantwortlichkeitsgesetz , " VbVG ") came into effect in 2006, stipulating that a company can be held criminally liable for certain criminal acts committed by its employees and decision-makers. According to new tendencies of prosecution authorities, the practical scope of the VbVG could expand in the future. read more... -
Looking for Tax Incentives? Make sure you comply
13 Jun 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS -
Significant adjustments to Insolvency Law in Austria
The Insolvency Law Amending Statute of 2017 ( Insolvenzrechtsänderungsgesetz 2017 , IRÄG 2017) was adopted by the Council of Ministers at the end of March and is currently in the process of being reviewed. The reform is due to enter into force on 1 July 2017 and contains significant innovations. Its primary objective is to facilitate the debt relief of natural persons. -
CHALLENGING FCA ACCUSATIONS
Nicola Sharp and Syedur Rahman explain how changes to the way the FCA investigates cases will make it easier for companies and individuals to negotiate the best possible outcome. -
OBTAINING A DPA
With deferred prosecution agreements (DPA’s) becoming more common, Aziz Rahman considers how a company under investigation can enhance its chances of obtaining one in order to avoid prosecution. -
Increased Liability for Real Estate Agents in Austria
Pursuant to the Austrian Broker Act (Maklergesetz), a broker has to fairly and diligently protect their principal's interest. Until a very recent judgment of the Austrian Supreme Court (Oberster Gerichtshof), courts have taken a very lenient stance on the liability of real estate agents. The judgment of the Supreme Court of 24 Jan 2017, however, might permanently divert existing case law. -
Recent Amendments to Environmental Impact Assessment Regulation
On 26 May 2017, the Environmental Impact Assessment Regulation has been amended to shorten the time frames for environmental impact assessment (“EIA”) process and to extend the scope of EIA requirement for solar and wind power projects.
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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BAG: Dismissal with the option of altered conditions of employment needs to be sufficiently precise
In the case of dismissal with the option of altered conditions of employment, the offer to continue the employment relationship needs to clearly define the new terms. That was the verdict of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court (Az.: 2 AZR 68/16). -
Bär & Karrer wins Europe Women in Business Law Award
Bär & Karrer is pleased to announce that partner Tina Wüstemann, who heads the private clients team, won the title 'Best in trusts & estates' at the Europe Women in Business Law Awards ceremony on 15 June 2017 in London. This is the second time Tina Wüstemann wins this award. In addition, partner and dispute resolution specialist Nadja Jaisli Kull was shortlisted as 'Rising Star Litigation'. -
GRP Rainer Rechtsanwälte: Assessing obligation to make social security payments in the case of mana
Whether a managing director is obliged to make social security contributions depends on various factors. GRP Rainer Rechtsanwälte has carried out an assessment of the obligation to make social security payments. -
Bell Gully tops first quarter M&A league tables
Bell Gully has topped the three major international league tables for mergers and acquisitions in the first quarter of 2017, extending the market-leading position the firm held in 2016. -
Shareholders’ agreements under Russian law become a working tool
On June 6, 2017, VEGAS LEX hosted a workshop to discuss problematic issues and key aspects of structuring shareholders’ agreements under Russian law. -
Boult Wade Tennant ‘highly recommended’ by IAM 1000
We are pleased to announce that Boult Wade Tennant has again been listed as ‘highly recommended’ in IAM Patent 1000’s ‘The world’s leading patent professionals 2017’ annual review. As well as this, two senior team members have been listed as ‘highly recommended individuals: prosecution’, which is both a personal achievement and one that reflects the hard work and dedication of the teams with which they work. -
Bär & Karrer Advises Groupe Acrotec on its Placement of CHF 70 Million 3.75% Bonds
Groupe Acrotec SA, a high precision manufacturer of small components and specialised service provider for the watchmaking and industrial sectors, has completed the placement of CHF 70 million 3.75% bonds due 2023. The bonds were issued at 100% of their principal amount and, unless previously redeemed or repurchased and cancelled, will mature on 14 June 2023 at 100% of their principal amount. The bonds are guaranteed by a number of subsidiaries of the issuer, among them Finacrotec SA, which as substitute guarantor fulfills certain requirements under the listing rules of SIX Swiss Exchange in the place of the issuer. Credit Suisse AG acted as Lead Manager and Bookrunner. -
VEGAS LEX ranks the Best Lawyers in Russia 2018
VEGAS LEX experts are traditionally included in the top list of the best lawyers of the international rating “Best Lawyers in Russia 2018” and improved their performance. -
GRP Rainer Rechtsanwälte – Experience in commercial agency law
In the event that a commercial agency agreement is terminated, the commercial agent often has a right to compensation. Frequent points of contention include the extent of any such entitlement and the classification of new clients. -
Foyen assists Slussgården in the sale of a city property
16th of June, 2017