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The procedure adopted by the Mahinda Rajapakse government to remove Chief Justice Dr. (Mrs.) Shirani Bandaranayke from the office of Chief Justice through an impeachment has turned a dissension in to a serious crisis that alters the balance of power in the constitutional order of functioning of the Executive, Legislature and the Judiciary in Sri [...]
It was the consensus among participants at the recent ‘Sambhashana’ outreach programme organised by TISL, that the rule of law has broken down in the country. The programme was on the theme ‘Rule of Law – What next?’ The need to discuss and involve the masses in the outstations in promoting issues like the rule [...]
The Supreme Court of Sri Lanka, widening the access to higher education and recalling the State responsibility in fulfilment of the Right to Education, on June 29th, 2012, significantly declared that the application of a common formula of Z – Score for the candidates who sat for the General Certificate of Examination Advance Level [GCE [...]
Monthly ‘Sambashana’ panel discussion on Political Interference in Law Enforcement organised by TISL was held on 03rd October 2012 at the OPA auditorium in Prof. Stanly Wijesundara Mawatha Colombo 7. Dr. Prathiba Mahanamahewa Commissioner, Human Rights Commission of Sri Lanka, K.W. Janaranjana Editor Ravaya, Anuruddha Pradeep Senior Lecture, Sri Jayawardanapura University and Gamini Viyangoda Critic [...]
By late April 2012 the rupee crashed to a considerably low level of Rs. 133 to the US dollar, far beyond the expectations of the authorities, instantaneously creating extensive debates and much unrest amongst economists, politicians, the business community and the general public. However, therein lies the question – can one actually call this a [...]
Understanding the debilitating effects of manipulation in the stock market, TISL takes the position that increased public awareness and a change in the perception of white collar crime is necessary to alleviate the disastrous effects of a corrupted stock market. This position paper examines recent scandals in the Colombo Stock Exchange and discusses the role [...]
The need for the government to admit the mistakes made in the Z-score fiasco and solve the problem without delay and avoid a drastic human and social problem involving the students and parents was stressed at the Sambhashana discussion –‘Z-score & Crisis in Education’ – organised by TISL and held at the OPA auditorium in [...]
The Government’’ failure to appoint a National Land Commission (NLC) in accordance with the 13th Amendment to the Constitution has caused numerous obstacles and challenges in resolving land issues resulting in thousands of people suffering due to lack of an efficient system. This was revealed at the TISL’s monthly ‘Sambhashana’ Panel discussion held in Anuradhapura [...]
Former Director-General of the Securities Exchange Commission (SEC), Arittha Wickremanayake says that there is a serious lack of understanding as to why insider trading is considered to be an offence. Addressing the recent TISL Sambhashana discussion on ‘Insider trading in the Stock Market’, he said that recent scandals have clearly highlighted that whilst people like [...]
“Insider dealing exists in every market, no matter how developed or undeveloped they are. No regulatory regime can eradicate it. In Sri Lanka insider dealing was rampant and obvious. Not only that people were even openly boasting about it but they were being made to look like heroes. The appearance of impotency of the regulator [...]
