Best Banking & Finance Lawyers in Sri Lanka

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John Wilson Partners

John Wilson Partners

Colombo, Sri Lanka

Founded in 1920
12 people in their team
ABOUT US: Founded in 1920 by the late Senator John Wilson, the firm is an established legal practice in Sri Lanka, providing service in the...
Afrikaans
English
French
Sinhala
Tamil
Swedish
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Nithi Murugesu & Associates

Nithi Murugesu & Associates

Colombo, Sri Lanka

Founded in 1962
200 people in their team
Nithi   Murugesu   &   Associates   are   a   team   of   experienced   Attorneys-at-Law   and...
Sinhala
English
Tamil
Layards and Stuart

Layards and Stuart

Colombo, Sri Lanka

Founded in 2000
50 people in their team
Who we are and how we workLayards & Stuart is a law firm based in Colombo, Sri Lanka providing quality legal advice, solutions and representation...
Sinhala
Tamil
English
SSKM Attorneys

SSKM Attorneys

Colombo, Sri Lanka

Free Consultation: 15 mins


Founded in 2012
15 people in their team
SSKM Attorneys was established with the goal of delivering a modern and responsive service for a changing world. The law firm is led by a team of...
Sinhala
Tamil
English
F J & G de Saram

F J & G de Saram

Colombo, Sri Lanka

Founded in 1841
200 people in their team
The FirmHistoryF. J. & G. de Saram is the oldest law firm in Sri Lanka.The practice was commenced in 1841 by F. J. de Saram. Snr., the same year...
Sinhala
Tamil
English
Premier Legal Consultants

Premier Legal Consultants

Colombo, Sri Lanka

Founded in 2000
50 people in their team
Premier Legal Consultants is a law firm established in Sri Lanka. Our team of lawyers are committed in providing high quality and timely legal...
Sinhala
English
Tamil
Nithya Partners

Nithya Partners

Colombo, Sri Lanka

Founded in 1997
50 people in their team
INTRODUCTIONNithya Partners was established in 1997 with the goal of delivering a modern and responsive service in corporate and financial law. The...
Sinhala
Tamil
English
Neelakandan & Neelakandan

Neelakandan & Neelakandan

Colombo, Sri Lanka

Founded in 1962
200 people in their team
Neelakandan & Neelakandan (formerly Murugesu & Neelakandan) is one of the leading and oldest full-service law firms in Sri Lanka and has been...
Sinhala
English
TRIVE LEGAL ASSOCIATES

TRIVE LEGAL ASSOCIATES

Colombo, Sri Lanka

Founded in 2000
50 people in their team
OverviewRanging from the work of an Instructing Attorney to fully fledged Counsel in the Courts of First Instance, Appellate Courts and any other for...
Sinhala
English
Tamil
Colombo Law Alliance (CLA)

Colombo Law Alliance (CLA)

Colombo, Sri Lanka

Founded in 2012
50 people in their team
Introduction to CLAThe team at CLA brings together extensive experience and expertise in providing specialized legal services to a substantial...

About Banking & Finance Law in Sri Lanka:

Banking & Finance law in Sri Lanka governs the operation of financial institutions, regulation of financial markets, and the rights and responsibilities of individuals and entities engaged in financial transactions. The laws aim to ensure the stability and integrity of the financial system in Sri Lanka.

Why You May Need a Lawyer:

You may need a lawyer for Banking & Finance matters in Sri Lanka if you are facing issues with loan agreements, debt collections, banking regulations, financial fraud, or disputes with financial institutions. A lawyer can provide legal advice, represent you in negotiations and court proceedings, and help protect your rights and interests.

Local Laws Overview:

The key aspects of Banking & Finance law in Sri Lanka include the Banking Act, Financial Transactions Reporting Act, Securities and Exchange Commission Act, Consumer Credit Act, and the Exchange Control Act. These laws govern the operations of banks, financial institutions, securities markets, and the conduct of financial transactions in Sri Lanka.

Frequently Asked Questions:

1. What are the requirements for opening a bank account in Sri Lanka?

In Sri Lanka, banks typically require proof of identity, address, and source of funds to open a bank account. Non-residents may also need to provide additional documentation.

2. How can I protect myself from financial fraud in Sri Lanka?

To protect yourself from financial fraud in Sri Lanka, it is important to be cautious with your personal and financial information, regularly monitor your accounts, and report any suspicious activities to your bank and the authorities.

3. What are the rules and regulations for borrowing money from a financial institution in Sri Lanka?

Borrowing money from financial institutions in Sri Lanka is subject to regulations set out by the Central Bank of Sri Lanka. These regulations govern interest rates, loan terms, and disclosures to borrowers.

4. What are the rights of consumers in financial transactions in Sri Lanka?

Consumers in Sri Lanka have rights protected under the Consumer Credit Act, which includes the right to transparent and fair financial transactions, the right to dispute resolution, and the right to file complaints with relevant authorities.

5. Can I file a lawsuit against a financial institution in Sri Lanka?

You can file a lawsuit against a financial institution in Sri Lanka if you believe your rights have been violated or if you have suffered financial loss due to the actions of the institution. It is advisable to consult with a lawyer to understand your legal options.

6. What are the penalties for non-compliance with banking regulations in Sri Lanka?

Non-compliance with banking regulations in Sri Lanka can result in fines, penalties, revocation of licenses, and legal actions against the individuals or entities involved. It is important to adhere to the regulations to avoid facing consequences.

7. How can I resolve a dispute with a financial institution in Sri Lanka?

If you have a dispute with a financial institution in Sri Lanka, you can first try to resolve it through negotiation or mediation. If a resolution cannot be reached, you may consider legal action through the appropriate channels.

8. Are there any restrictions on foreign investments in Sri Lanka?

Foreign investments in Sri Lanka are subject to regulations under the Exchange Control Act. There are restrictions on the repatriation of funds, investment limits, and reporting requirements for foreign investors.

9. What are the regulations for securities trading in Sri Lanka?

Securities trading in Sri Lanka is regulated by the Securities and Exchange Commission of Sri Lanka. The regulations govern the conduct of market participants, disclosure requirements, and enforcement actions for securities fraud and market manipulation.

10. How can I stay informed about changes in Banking & Finance laws in Sri Lanka?

You can stay informed about changes in Banking & Finance laws in Sri Lanka by following updates from the Central Bank of Sri Lanka, Securities and Exchange Commission of Sri Lanka, and legal news sources. It is also advisable to consult with a lawyer for specific legal advice.

Additional Resources:

For additional resources on Banking & Finance in Sri Lanka, you can refer to the Central Bank of Sri Lanka, Securities and Exchange Commission of Sri Lanka, Sri Lanka Institute of Banking and Finance, and legal professionals specializing in Banking & Finance law.

Next Steps:

If you require legal assistance in Banking & Finance matters in Sri Lanka, it is recommended to consult with a qualified lawyer who has experience in this area of law. The lawyer can provide tailored advice, represent you in legal proceedings, and help protect your rights and interests.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.