The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

The Investment Act of 2010 (Schedule: Limited Restrictions to Foreign Ownership of Enterprises (2)) requires a joint venture or partnership between a Liberian and a non-Liberian to invest in advertising, graphics and commercial artists with the conditions that the total shareholding of the Liberian is at least 25% and the total capital invested is not less than USD 300,000. Alternatively, foreign investments are allowed without restrictions only if the total investment capital is not less than USD 500,000.

Liberia is a party to the Patent Cooperation Treaty (PCT).

Liberia has a clear regime of exceptions to copyright that follows fair use, which allows for the lawful use of copyrighted works by third parties without the need to obtain permission. The Intellectual Property Act (Section 9.8. Fair Use) contains a provision on fair use of copyrighted works. It further stipulates four factors for determining whether a particular case is a fair use: the purpose and character of the use, including whether such use is commercial in nature or for educational purposes; the nature of the copyrighted work; the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and the effect of the use on the potential market for or value of the work. Moreover, an identical provision was already included in the Copyright Act of 1997 (Section 2.7), which was repealed by the Liberian Copyright Act of 2016.

It is reported that the legal structure and regulatory environment, as well as the process of protecting and enforcing IPR in Liberia, is weak, and the level of IPR law enforcement is poor. The Liberia Intellectual Property Office (LIPO) is reported to lack both technical and financial capacity to address IPR infringements, and the authorities state that infringement of copyright on the Internet is still a challenge.

Liberia has not signed the World Intellectual Property Organization (WIPO) Copyright Treaty.

Liberia has not signed the World Intellectual Property Organization (WIPO) Performances and Phonograms Treaty.

Lesotho has not adopted national legislation based on or influenced by the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Signatures.

Lesotho has established several limits on transactions that can be carried out with mobile money. Yet, in September 2020, the Central Bank of Lesotho informed that it had given authorisation to mobile money issuers to increase transaction limits for duly identified and verified mobile money customers. The Bank increased transaction limits to LSL17,500 (approx. USD 1,100) daily limit and LSL 30,000 (approx. USD 1,900) monthly limit for full KYC clients. For partial KYC clients, the transaction limits are LSL 10,000 (approx. USD 600) daily limit and LSL 20,000 (approx. USD 1,300) monthly limit. Customers are categorised into partial KYC and full KYC depending on the amount of information available to mobile money service providers.

It is reported that electronic funds transfers are limited to USD 10,000 per transaction for transfers to local bank accounts, while for external bank accounts, the limit is USD 50 million.

It is reported that the de minimis threshold, that is the minimum value of goods below which customs do not charge duties, is USD 15 (Intra-Southern African Customs Union) and USD 35 (Extra-Southern African Customs Union), below the 200 USD threshold recommended by the International Chamber of Commerce (ICC).

Lesotho does not have a legal framework that applies consumer protection to online transactions.

Lesotho has not signed the United Nations (UN) Convention on the Use of Electronic Communications in International Contracts.

Lesotho has not adopted national legislation based on or influenced by the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Commerce.

The Data Protection Act provides a comprehensive regime of data protection in Lesotho. The Act sets out data subject rights, data processing notifications and the legal bases for processing. However, the Data Protection Commission provided for in the Data Protection Act is yet to be established.