Introduction to Commercial Arbitration

Arbitration is one of Alternative Dispute Resolution methods which are able to use for replacing the traditional way of litigation in court. Considering with time consumption in the litigation process, this is the best way to resolve disputes. Hence, many of Commercial Disputes are nowadays resolving disputes using arbitration. There are two ways of Arbitration. […]

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Global Legal Framework for Bitcoin

Bitcoin is a digital currency/cryptocurrency that is not supported by any country’s central bank or government. It’s different from other online transactions. We can say it’s peer to peer (P2P) transaction. We cannot see third-party involving here. Also, Bitcoin is sent between addresses via online, hence do not want to be tied to real world identity. […]

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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, Section 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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Let the Purchaser Beware.

According to the Sale of Goods Ordinance No 11 of 1896, a ‘contract of Sale of Goods’ is, ‘a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called “the price”’ Sale of goods contracts can be absolute contract or conditional contract. According to the […]

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