Offshore Assets for Dummies: The Sri Lankan perspective
In the wake of Sri Lankan names being revealed in the Panama Papers, no one is really sure how legal offshore holdings are from a Sri Lankan perspective, what laws have been flouted (if any) and what the Sri Lankan government can do to get any illegally held monies back. Ayomi Aluwihare, Corporate/Commercial Law Partner at F J & G De Saram, the oldest law firm in Sri Lanka, helped clear up the confusion.