“Land which is investment related will be given more ease but we will not just open the system. If we be too flexible, it will be too inimical to the Sri Lankan point of view,” Karunanayake said.Expropriation laws that were implemented by the former regime were heavily criticised by the business community following the acquiring of 37 formerly State-owned institutionsunder the 2011 Revival of Underperforming Enterprises and Underutilised Assets Act No. 37.When asked what was stopping the new regime from doing away with the much-debated and criticised Expropriation Act, Karunanayake stressed that there were certain legal limitations that had dragged on which needed rectification.
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