BASL files Writ petition against Basil & Cabraal over conversion of export proceeds
President of the Bar Association of Sri Lanka (BASL) Saliya Pieris and Deputy President Anura B. Meddegoda has filed a Writ petition before the Supreme Court of Sri Lanka over the issue of conversion of foreign currency earnings into Sri Lankan Rupees.
Finance Minister Basil Rajapaksa, Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal and the Monetary Board of the CBSL have been named as respondents.
In the application, the petitioners state that members of the BASL practicing law in Sri Lanka provide professional services in Sri Lanka and outside Sri Lanka to natural and juristic persons, who are resident within and outside of Sri Lanka. In the provision of such services in or outside Sri Lanka to a person resident outside Sri Lanka and deriving the benefit thereof outside Sri Lanka, the members of the BASL are paid their professional fees, both in local and foreign currency.