A Prima Facie Critique of The New Bill to Vest in the State Under performing Enterprises and Under Utilized Assets
Editors note: Hotel Developers (Lanka) Plc, a CSE listed company that owns the Colombo Hilton hotel was named in a controversial new bill, rushed through Parliament in secret, not unlike the outrageous 18th Amendment. The Bill appears to have been certified by the Cabinet on the 20th October 2011 as an Urgent Bill and was presented to and reviewed by the Supreme Court during the last week. The Bill has reached the Media and Citizens only towards the end of last week ie. after the review by the Supreme Court and possibly after its verdict had reached the Speaker of Parliament The need for this bill to be deemed an Urgent Bill needs to be properly justified by the Executive and unless so justified it appears to be so classified with mala fidei interests to by pass democratic good governance expectations of society The secrecy surrounding the bill and its reported compilation outside the purview of the usual drafting sources…
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