Can make a Lease Agreement prior to institute Partition Action?

The relevant law regarding the issue states as follows: Section 66 of Partition Law No. 21 of 1977 (1) After a partition action is duly registered as a lis pendens under the Registration of Documents Ordinance no voluntary alienation, lease or hypothecation of any undivided share or interest of or in the land to which […]

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Can Foreign Shareholder Hold 51% shares in a Limited Liability Company?

According to the LAND (RESTRICTIONS ON ALIENATION) ACT, No. 38 OF 2014,┬áSection 2 says that, (1) Notwithstanding any provision to the contrary in any other written law, the transfer of title of any land situated in Sri Lanka shall be prohibited if such transfer is (a) to a foreigner; or (b) to a company incorporated […]

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