Legal framework for Port City | Sunday Observer

Legal framework for Port City

The government is in the process of finalising the legal framework for the Port City project which is in line with the constitution, State Minister of National Policies and Economic Affairs, Dr. Harsha De Silva said.

The financial centre in the Port City will function within the constitutional framework that applies to the rest of the country, he told the Sri Lanka Economic Forum organized by the Ceylon Chamber of Commerce. “The new laws will be introduced in order to ensure policy consistency. What we want to do is deal with the inconsistency in policy, regulation, and law, so anyone who invests knows English law applies,” Dr. De Silva said.

Peace of mind is something that investors look for when they are planning to commit with long-term investments, he added.