Search for People or Practice Areas...

PracticesHome | Practices | Corporate & Commercial

 

Corporate & Commercial

The rapidly changing economic landscape of Sri Lanka has thrown up numerous avenues and vistas for growth of the commercial sector. Owing to our individualised approach and established reputation, a large number of domestic and international clients have retained our services in a variety of corporate & commercial transactions. We assist our clients through all stages of their transactions to ensure successful deal outcomes. Our clients benefit from a valuable combination of global outlook, local insight, and transactional experience that enables us to handle all aspects of a complex transaction.

Our highly regarded team regularly advises on corporate transactions, specialising in the areas of asset purchases, capital markets, corporate disputes, corporate finance, public offers of equity and debt securities, corporate governance, corporate restructuring, due diligence exercises, foreign investment, joint ventures, mergers & acquisitions, liquidation and winding up, shareholder disputes, shareholder exits, and transaction structuring.

A large number of well-reputed foreign clients have retained our services in respect of inbound investment and advice on doing business in Sri Lanka. In this regard, we incorporate and assist in the setting up of operations of companies, branch offices and representative offices in Sri Lanka. We negotiate with the relevant authorities on behalf of prospective investors and guide them through all the legal requirements and issues pertaining to their investments.

We are also sought after for our expertise in information and technology matters, including data protection, e-commerce, technology transfers, and software development and licensing. Over the years we have advised upon and structured numerous state sector privatisations and state sponsored infrastructure development.

The team leverages genuine sector expertise, in drafting and negotiating commercial agreements involving a range of matters such as agency, franchises, joint ventures, manufacturing, outsourcing, strategic partnerships, service provision and supply arrangements.

 

Related Areas of Practice

Our Corporate & Commercial practice extends seamlessly to provide integrated solutions ranging from customs matters, to immigration & emigration, taxation, and corporate secretarial services.

Corporate Secretarial Services

We provide corporate secretarial services to private companies, companies limited by guarantee, listed and unlisted public companies, and registered overseas companies. Our services include keeping the Registrar of Companies updated of changes and filing of statutory documentation, convening and servicing board and shareholder meetings, maintenance of statutory registers, filing and maintenance of minutes and resolutions, attending to official correspondences from the Registrar of Companies, attending to compliance requirements of the Colombo Stock Exchange and the Securities Exchange Commission of Sri Lanka.

Customs Matters

We advise individual and corporate clients on numerous customs related matters, and have been retained by and presently act for several corporate clients in connection with disputes involving clearances, overcharging, penalties, forfeitures etc., by Sri Lanka Customs. Our team was involved in successfully mitigating and settling the highest customs charge (at that time) to be ever imposed in Sri Lanka.

Immigration & Emigration

We advise on immigration and emigration matters for the various categories of visas including permanent resident visas, as well as providing advice and professional assistance in obtaining dual citizenship in Sri Lanka.

Taxation

We advise corporate clients and foreign investors in relation to a wide range of tax related matters, and negotiate with the Inland Revenue Department on their behalf. We have successfully negotiated maximum tax exemptions as well as extensions of exemption periods for companies through agreements with the Board of Investment. We also provide general taxation advice and assistance relating to bilateral taxation treaties to foreign law firms and consultancy firms as well as to foreign entities that engage in business / trade with Sri Lankan counterparts.