SL’s evolving legal landscape to be analysed | Page 2 | Sunday Observer

SL’s evolving legal landscape to be analysed

Sri Lanka’s efforts to create a more consistent legal framework to boost foreign direct investment, will be explored in a report due to be out in the coming months, by the global research and consultancy firm, Oxford Business Group (OBG).

The Report: Sri Lanka 2018 will shine a spotlight on the country’s latest legislative developments, which include the implementation of the Inland Revenue Act and the Foreign Exchange Act.

OBG’s publication will also consider other legal reforms that could be on the horizon, such as possible changes to the country’s immigration laws covering the requirements of foreign nationals wishing to work in Sri Lanka.

John Wilson Partners has signed a third Memorandum of Understanding (MoU) with OBG for its forthcoming publication.

Under the MoU, the firm will assist in the research for the Law Chapter of The Report: Sri Lanka 2018.

Managing partner at the law firm, John Wilson said he welcomed the opportunity to work with OBG’s team once again and describe to OBG’s readership the positive changes and legal reforms taking place in the country.

“While there are still remains a lot to be done in terms of reforms to Sri Lanka’s legal framework, business leaders considering the country as a potential investment destination will undoubtedly have questions relating to the current reforms, new laws and their application. “I am pleased to have been able to analyse these developments for Oxford Business Group’s readers and provide key insights to navigate their way through this evolving legislative landscape,” he said.

OBG’s editorial manager in Sri Lanka, Michael Todemann said although Sri Lanka offered plenty of openings across its economy, inconsistencies in its legal framework had, at times, deterred investors.

“While there is still more to be done, new laws and others in the pipeline are important signs of progress.

 

The Report: Sri Lanka 2018 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.

Comments