Debt Conciliation Ordinance to be amended

CEYLON TODAY | Published: 2:00 AM Oct 27 2021

The Cabinet of Ministers approved amending the Debt Conciliation Ordinance and directing the Legal Draftsman to prepare a bill in this regard. This will take place on the basis of the preliminary bill drafted by the Advisory Committee appointed by the Minister of Justice to Review the Debt Conciliation Ordinance.

 According to the Cabinet memorandum, the Debt Conciliation Board wants to protect the rights of debtors, and it has been determined that it is necessary to revise the Debt Conciliation Ordinance to meet current requirements in order to carry out these tasks more efficiently. (TR)

CEYLON TODAY | Published: 2:00 AM Oct 27 2021

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