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The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker rules, Central Depository System (CDS) rules and the Listing rules proposed by the CSE to enable the stock market to move to a digitised environment. Investors who previously had to submit physical documents to a licensed Stockbroker to establish CDS accounts, may now submit them online. Investors may also trade online once CDS accounts are established and effect transaction settlements electron

ශ්රී ලංකාවේ සේවය අවසාන කිරීම 1950 අංක 43 දරන කාර්මික ආරවුල් පනත හා 1971 අංක 45 දරන කම්කරුවන්ගේ රක්ෂාව අවසාන කිරීමේ (විශේෂ විධිවිධාන) පනත යන මූලික ව්යවස්ථා දෙකෙන් පාලනය වේ. මෙම ව්යවස්ථා සාමූහිකව කියවීමේදී සේවය අවසන් කිරීම පහත තත්වයන් යටතේ අදාල වේ. a. සේවකයාගේ කැමැත්ත සහිතව ( සාමාන්යයෙන් සේවයෙන් ඉල්ලා අස්වීමක් ස්වරුපයෙන්) b. කම්කරු කොමසාරිස්වරයාගේ ලිඛිත පූර්ව අවසරය සහිතව c. සාධාරණ හේතුවක් සඳහා පොදුවේ සේවා ගිවිසුම් වල නොතීසි මඟින් දන්වා සේවය අවසාන කිරීම සඳහා ප්රතිපාදන සැලසීම සාමාන්ය තත්වයක් ව

இலங்கையில் தொழில் முடிவுறுத்தலானது 1950 ஆம் ஆண்டு 43 ஆம் இலக்க கைத்தொழில் பிணக்கு சட்டம் மற்றும் 1971 ஆம் ஆண்டு 45 ஆம் இலக்க தொழிலாளர் தொழில் முடிவுறுத்துதல்(சிறப்பு ஏற்பாடுகள்) சட்டம் ஆகிய இரு பிரதான சட்டங்களில் மூலம் ஆளப்படுகிறது. இவ்விரு சட்டங்களையும் ஒன்றிணைத்து வாசிப்பதன் மூலம் தொழில் முடிவுறுத்துதலானது பின்வரும் சந்தர்ப்பங்களில் விண்ணப்பிக்கப்படுகிறது. a. ஊழியரின் சம்மதத்துடன் (இது பெரும்பாலும் இராஜினாமா செய்தல் எனும் வடிவத்தில்); b. தொழில் ஆணையாளரின் முற்கூட்டிய எழுத்துமூலமான அனுமதியு

Dilmini Cooray and Inshira Hanifa contribute to the Thompson Reuters guide to Tax on Corporate Transactions in Sri Lanka. Read More

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 an island-wide curfew from 20.03.2020 resulting in lockdowns and restrictions on business activities except for those classified as ‘Essential Services’ by the governmen

We are pleased to announce that The Legal 500 (Legalease) Asia Pacific Guide 2020 ranks D. L. & F. De Saram as a Tier 1 law firm in 7 practice areas, namely, Banking and Finance, Corporate and M&A, Projects and Energy, Dispute Resolution, Real Estate and Construction, Shipping and Private Clients. The Legal 500 also ranks the Firm’s Tax (Tier 2) and IP practice areas. 5 lawyers have been recognised in the areas of Banking and Finance, Corporate and M&A, Projects and Energy, Private Clients and

Termination of employment in Sri Lanka is governed by 2 principal statutes namely the Industrial Disputes Act No.43 of 1950, and the Termination of Employment of Workmen (Special Provisions) Act No.45 of 1971. On a collective reading of these statutes, termination and can be applied as follows circumstances: a. With the employee’s consent (generally in the form of a resignation); b. With the prior written approval of the Commissioner of Labour (“COL”); c. For justifiable cause. Whilst It i

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We are also delighted that our Partners Aloka Nandasena, Aruni Marcelline, Niveditha Abeyratne, Shanthi John, Jivan Goonetilleke, Dasuni Wijayasiriwardena, Savantha De Saram and Prabash De Saram, and Counsel Suren De Silva have been duly recognised in their respective practice areas by Legal 500. These accolades acknowledge the tremendous #work that our #team has put in during the past year. Our sincere gratitude to our clients and another well-deserved thank you to the entire team at D.L. & F.