Blog | Dhammika Ranasinghe

Covid – 19 scenario of force majeure in contracts

Dishonoured cheques

This article will attempt to briefly highlight the Sri Lankan law governing dishonored cheques, by looking at why cheques become dishonored

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Sale of goods

Transfer of title and risk of loss Applicable law is English law Statute Sale of Goods Ordinance No.11 of 1896. (This statute is a...

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Capital Gains Tax - THE INLAND REVENUE ACT NO.24 OF 2017

Tax Base of CGT One would be taxed on gains realised upon the transfer of ownership. This will include; Sale Exchange Distribution...

Directors’ duties and liabilities under Companies act 7 of 2007

I N D E X 1-Meaning of director: 2-Powers: 3-Minimum number of directors: 4-Types: 5-Disqualifications: 6-Appointment 7- Removal and...

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Transfer of title of property to foreigners

· Transfer of title of property to foreigners a) A foreigner b) A company incorporated in Sri Lanka where the foreign shareholding, either...

Mergers & Acquisitions (Takeovers)

Merger or acquisition is only the first step of a long corporate journey. The ultimate goal is to generate faster revenue growth and...

Freehold rights and leasehold rights

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