Business Times

Textbook on Commercial Law by Dr Wickrema Weerasooria

By Natasha Gunaratne

A comprehensive textbook on commercial law by Insurance Ombudsman and academic Wickrema Weerasooria covers every conceivable subject relevant to commercial law for students, young lawyers and judges. At a recent soft launch of the ‘The Textbook on Commercial Law’ at the Postgraduate Institute of Management (PIM), attorney at law and chief guest Harsha Cabral highlighted that the book discusses fundamental rights applications and its important practical impact on issues of Sri Lanka’s commercial and business law, particularly the Supreme Court’s decisions relating to Lanka Marine Services involving John Keells Holdings, the Water’s Edge judgment, the petroleum hedging case and the nationalization of Sri Lanka Insurance Corporation (SLIC).

Dr. Cabral said the foreword to the book contributed by Sri Lanka’s foremost jurist Professor C.G. Weeramantry, was an excellent and ample commendation of this book which is Sri Lanka’s first textbook on Commercial Law. In Dr. Cabaral’s view it was regrettable that up to date Sri Lanka had no book on the subject, adding that Dr. Weerasooria should be congratulated for his latest contribution to the country’s legal literature.

He added that the book is simple in style and language and highlighted some of the extraordinary features of the text, including the chapters where the legal concepts are explained in elementary language and terms. He also commended ‘The Law in Action’ section of the book, saying this is the first time in his own legal career that around 50 illustrations from the newspapers showing how the law operates in practice and not just as an academic or theoretical subject.

The text also covers and analyses all the relevant Sri Lankan legislation and judicial decisions or ‘case-law’ on the subject. Dr. Cabral said it is not every lawyer or legal academic that can read a judgment of a court of law and analyse it but in his view, Dr. Weerasooria succeeded in this task.

The textbook of 950 pages has been published by PIM and is available for sale at PIM at Rs.2000 per copy.

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