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Liberia Updates its Corporate Legislation July 2020

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Liberia Updates its Corporate Legislation July 2020

The Republic of Liberia recently announced significant revisions to its Business Corporation Act (BCA) and its Limited Liability Company Act (LLC Act).

The purpose for the update was to more closely align the nation’s laws with international standards. The revisions also sought to include more modern practices and definitions into law and to remove redundant procedures.
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