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Forests | 15 May 2010

Act – 2010 – Investment Act - Liberia

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Act – 2010 – Investment Act - Liberia

The 2010 Investment Act, repealing and replacing the 1973 Investment Incentives Act provides for rules regarding the establishment of enterprises in Liberia. In that respect it contains provisions on benefits and incentives, the prohibition against discriminations for foreign investors, guarantee against expropriation, protection from intellectual property abuses, access to public information, the repatriation of capital, profits and dividends, etc. The Act provides that “enterprises owned by foreign investors may not establish environmental agreements or standards lower than the mandatory requirements found in applicable environmental regulations and legislation of Liberia”. It also gives jurisdiction to the courts of Liberia over the resolution of business disputes.