Following the fall of communist regime, one of the first parties to emerge was Liberal Alliance (LSCG), a party which advocated liberalism, pacifism, civic concept of the state and supported restoration of Montenegrin independence.
Slavko Perović and Miro Vicković were the most prominent officials and held the leading positions in the party throughout its existence.
In 2004, nationalist Liberal Party (LP) split from the LSCG, its membership including a number of former high-ranking LSCG officials who were previously ousted from the party due to corruption affair.
Despite attempting to adopt the legacy of LSCG, LP pursued an entirely different discourse, and has closely cooperated with ruling DPS since its foundation.
Since 2016 election, its integrated into the electoral lists of DPS, which ran independently.