COVID distressed loan scheme for junior lawyers

A Memorandum of Understanding for the immediate commencement of the ‘Suraksha’ distress fund loan scheme for Junior Lawyers was held at the BOC head office, Bank of Ceylon Mawatha, Colombo 01, with the presence of the President of the BASL, Mr Kalinga Indatissa Presidents’ Counsel, The Chairman and Conveners of the Junior Bar Committee of the Bar Association of Sri Lanka with Members of Bank of Ceylon (BOC). The ‘Suraksha’ distress fund loan would be with a minimal interest component of around 2% per annum with a grace period of 6 months given without the requirement of any installments being required to be paid during the Grace period.