Sherman Law Liberia

Contact Information

Liberia Address

R. Fole Sherman Law Building
17th Street & Chessman Avenue
PO Box 10-3218
1000 Monrovia 10
Sinkor, Monrovia, Liberia

Communicating with Sherman & Sherman
Website: www.shermalawliberia.com
Telephones
+231 777-552-946 – Roberta Parker
+231 886-552-946 – Roberta Parker
+231 5-552-946 -      Roberta Parker
+231 886-514-581 -  Samuel Brown
+231 777-514-581 – Samuel Brown
+231 5-514-581 -      Samuel Brown

Telefax
+ 231 77-059-632

Email Addresses
shermlawrl2@yahoo.com
shermanlawliberia@gmail.com
shermanlaw@shermanlawliberia.com
Note: The Yahoo! and Gmail addresses are preferred.


US Contact Address
11803 Backus Drive
Bowie, MD 20720-4464

US Telephones and Fax
+1 301-352-5476 (Phone)
+1 301- 412-4104 (Mobile)
+1 301-352-9657 (Fax)

 

Firm's News & Events

Investment Law Practice Area

Investment in natural resources and in the agricultural and forestry sectors is a mainstay of Liberia's economy; investment in the manufacturing sector, even though not a mainstay, is also relevant to the economy. Sherman & Sherman has had and continues to have clients in all these sectors. Negotiating the agreements under which these investors do business, especially obtaining incentives (tax waiver or suspension) to induce investment, is a skill that Sherman & Sherman has acquired and perfected over the years. Dealing with the administrative and regulatory agencies and lobbying with the National Legislature for ratification of the agreement, where necessary, are also experience that Sherman & Sherman has.

In the case of the mineral extractive sector, the body of law which governs it is the Mineral and Mining Law, administered by the Ministry of Lands, Mines & Energy. The process begins with the Mineral Technical Committee (composed of technicians from several agencies, including the sector agency) and then is taken over by the Inter-Ministerial Concession Committee, which is composed of the heads of several agencies of the Liberian Government, including the head of the sector agency to conduct the initial negotiations. There is also the hydrocarbon industry, which is governed by the Petroleum Law 2000, which is in turn administered by the National Oil Company of Liberia. The process, like the mineral industry, almost always starts with international bid competition and subsequent negotiations with the winner of the bid, commencing with the technical team and leading to the Inter-Ministerial Concession Committee.

In the case of the manufacturing sector, the National Investment Commission is the government's regulatory agency, which provides incentives for investment in the manufacturing sector for investments valued at US$10 million and less. Where the investment is above US$10 million, then investment incentives must be through a concession agreement, negotiated by the Inter-Ministerial Concession Committee. Depending on the amount of investment and the nature of the investment, different kinds of incentives can be given to an investor; and Sherman & Sherman has experience in obtaining investment agreements from the National Investment Commission or concession agreements from the Inter-Ministerial Concession Committee for its clients.

For the agricultural sector, the regulator is the Ministry of Agriculture; and for the forestry sector, the Forestry Development Authority is the regulator. These two agencies of the Liberian Government generally negotiate the contract for investment in their respective sectors; and Sherman & Sherman has obtained concession and grants for corporation clients from each of these agencies before and has knowledge of the processes and regulatory requirements.

More recently, a new regulatory agency has been added; and this is the Public Procurement and Concession Commission (PPCC), which came into effect in 2006. The PPCC appears to be a supra-regulatory agency, which must approve of all agreements, including investment agreements, to which the Liberian Government is a party or which affects assets owned by the Liberian Government. The PPCC is also empowered to promulgate regulations on the process governing various types of agreements.

Since 2006, Sherman & Sherman has interacted with the PPCC and advised clients on the public procurement and concession law of Liberia, which was amended as recently as 2010.
 

20th Anniversary of Sherman & Sherman 2009

Attorney-Client Relationship 20th Anniversary 2009

Attorney-Client Relationship 20th Anniversary 2011 and Paegar as Managing Director 10th Anniversary 2011

You are here: Home Practice Areas Investment Law