Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsThis Act and each petroleum compensation agreement to which this Act applies to prevail over other written law
| 4. In the event of any conflict or inconsistency between the provisions of this Act and of any petroleum compensation agreement to which this Act applies on the one hand, and the provisions of any other written law on the other hand, the first-mentioned provisions shall prevail over the provisions of such other written law, and accordingly the provisions of such other written law shall be read and construed subject to such first-mentioned provisions: Provided, however, that the principle of fair market value in determining the compensation due shall apply only to the petroleum compensation agreements to which this Act applies. |