Liberia: Boakai Seeks Amendment to Liberia’s Commercial Code

President Joseph Nyuma Boakai has submitted a bill to the House of Representatives seeking amendments to Chapters 5 and 6 of Liberia’s Commercial Code to strengthen secured lending and expand access to financing for businesses.

The proposed legislation, transmitted to the Legislature on October 21, 2026, seeks to improve the legal framework governing secured transactions and mortgages, clarify the rights and obligations of creditors and debtors, and facilitate the use of movable assets as…