Following the fall of communism in Montenegro, one of the first political parties to emerge was Liberal Alliance of Montenegro (LSCG), a party which advocated liberalism, pacifism, civic concept of the state and supported restoration of Montenegrin independence. LSCG was an active opponent of the ruling DPS-led regime from 1990 to 2004, when it froze its political activity. Slavko Perović and Miro Vicković were the most prominent party officials and held the leading positions in the party throughout its existence.
In 2004, Liberal Party of Montenegro (LP) was founded, its membership including a number of former LSCG officials who were previously ousted from the party due to corruption charges. Despite attempting to adopt the legacy of LSCG, LP pursued an entirely different political strategy, and has closely cooperated with the ruling DPS since its foundation. At the latest parliamentary election, LP was integrated into the electoral list of DPS, which ran independently.