September 21, 2022 - Lanka Focus

Clifford Chance and Lazard update to Lankan creditors on Friday

September 21, 2022September 21, 2022 admin

Clifford Chance and Lazard update to Lankan creditors on Friday Clifford Chance and Lazard are inviting those interested for an update on Sri Lanka’s debt restructuring on Friday at 5.30 p.m. local time. This will be the first open engagement with creditors of Sri Lanka since the appointment of Clifford Chance and Lazard as legal and financial advisors respectively to the Government. To date, it had individual meetings with bilateral creditors. Sri Lanka in April suspended servicing of $ 47 billion external debt held by bilateral and private creditors as…

Parliament passes resolution on ‘National Council’ without objection

September 21, 2022September 21, 2022 admin

Parliament passes resolution on ‘National Council’ without objection The resolution proposed by the Prime Minister Dinesh Gunawardena to constitute the Parliament Committee called the “National Council” was passed in parliament yesterday without objection. National Council will consist of the Speaker of Parliament as the Chair, the Prime Minister, the Leader of the House of Parliament, the Leader of the Opposition in Parliament, the Chief Government Whip and not more than thirty-five Members of Parliament representing the Ninth Parliament from recognised Political Parties in Sri Lanka as determined by the Leaders…