Sri Lanka: Legitimate caveats under threat
Sri Lanka: Legitimate caveats under threat
Sri Lanka Guardian
10:52 AM
Has the legal fraternity been caught napping?
by Raj Gonsalkorale
There is speculation that caveats, the one thing that protects genuine private land owners from fraudsters who manage to sell their land with bogus land titles, and protects genuine third parties from exploitation by land owners, is under threat and that legislation is being drawn to change land registration laws that permit caveats on land titles.
It is unclear whether lawyers and notaries were consulted on this development. If not, it may seem that they are gradually being sidelined on law reform in Sri Lanka. If this indeed is an evolving trend, lawyers have to take some of the blame for this as they do not seem to have been engaged in furthering law reform in the country to the extent they should have.