What does the Constitution say about ownership of land in Liberia?
Every person shall have the right to own property alone as well as in association with others; provided that only Liberian citizens shall have the right to own real property within the Republic..
What is the contract law in Liberia?
It is a settled principle of Liberian law that a party cannot rescind a contract and at the same time affirm it by accepting benefits under it..
What is the electronic transaction law in Liberia?
Section 13.46(1) of the Liberia Electronics Transaction Law (2002) states that: “a person who has access to any record, book, register, correspondence, information, document or other material in the course of performing a function under or for the purposes of this Law shall not disclose or permit or suffer to be .
What is the statutory law of Liberia?
The legal system in Liberia is a dual one of statutory law based on Anglo American Common law for the modern sector and customary law based on unwritten customary practices for the indigenous people..
What Liberia law says about marriage?
Age of legal consent: Males; females. Every male person who has attained the full age of 21 years and every female who has attained the full age of 18 shall per se be capable of contracting marriage and a marriage license may be issued to such persons if otherwise competent..
All persons are born equally free and independent and have certain natural, inherent and inalienable rights, among which are the right of enjoying and defending life and liberty, of pursuing and maintaining and security of the person and of acquiring, possessing and protecting property, subject to such qualifications
Every person shall have the right to own property alone as well as in association with others; provided that only Liberian citizens shall have the right to own real property within the Republic.
Section 13.46(1) of the Liberia Electronics Transaction Law (2002) states that: “a person who has access to any record, book, register, correspondence, information, document or other material in the course of performing a function under or for the purposes of this Law shall not disclose or permit or suffer to be
The Ghanaian insolvency regime recognises voluntary and involuntary liquidation under Act 992 and Act 1015, as well as voluntary administration or restructuring. Under Act 1015, a company is placed in administration or restructuring if it is unable to pay its debt or obligations, or if it has a negative net worth.
AN ACT TO REPEAL COMMERCIAL AND BANKRUPTCY LAW, TITLE 7 OF THE LIBERIAN CODE. OF LAWS REVISED AND TO ENACT IN LIEU THEREOF THE LIBERIAN COMMERCIAL CODE,.
In 2016, Liberia enacted its Insolvency and Restructuring Act. This made resolving insolvency easier by introducing a legal framework for corporate insolvency, making liquidation and administrative procedures available to debtors and creditors.
Does Liberia have anti-trust laws?
Liberia does not have anti-trust laws
The Liberian Constitution permits the government to expropriate property for “national security issues or where the public health and safety are endangered, or for any other public purposes
” The government must pay just compensation and landowners may challenge the expropriation in court
Does Liberia have corruption?
Liberia has laws against economic sabotage, mismanagement of funds, bribery, and other corruption-related acts, including :,conflicts of interest
However, Liberia suffers from corruption in both the public and private sectors
How did the Central Bank of Liberia regulate financial institutions?
In 1999, the Legislature enacted law to provide for the conduct of financial institutions as regulated by the Central Bank of Liberia
1 Part V of the Act is one of early instances where Liberian law recognized and made provisions by addressing insolvency matters within financial institutions
What is the Liberia insolvency & restructuring Act (lira)?
This latest piece of legislation supporting the development of a viable credit lending infrastructure is the Liberia Insolvency and Restructuring Act (LIRA) of 2017
This Act is transformative within Liberia’s jurisprudence because it provides for efficient and credible See New Financial Institution Act (1999)
Id at Part V §50
Liberia bankruptcy law
British administrator with the East India Company
Thomas Law, was a reformer of British policy in India, where he served as collector of revenue for the East India Company. Working with Lord Cornwallis, governor-general of India, Law formulated a major policy known as the Permanent Settlement, which served as the basis for land tenure and taxation policy for natives during subsequent decades of British rule. He returned to England for his health in 1791, taking with him his three illegitimate sons borne of his Indian mistress.
Thomas Law
British administrator with the East India Company
Thomas Law, was a reformer of British policy in India, where he served as collector of revenue for the East India Company. Working with Lord Cornwallis, governor-general of India, Law formulated a major policy known as the Permanent Settlement, which served as the basis for land tenure and taxation policy for natives during subsequent decades of British rule. He returned to England for his health in 1791, taking with him his three illegitimate sons borne of his Indian mistress.
