diff --git a/CMakeLists.txt b/CMakeLists.txt
index 44135930d..8cbd5227a 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -187,12 +187,22 @@ add_subdirectory(src/common)
 if (SYSTEM_LIBSEXP)
   find_package(PkgConfig)
   pkg_check_modules(REQUIRED sexp>=0.8.5)
-else()
+else (SYSTEM_LIBSEXP)
+# cannot build shared lib(dll) with MSVC for now
+  if (MSVC)
+    set(SAVED_BUILD_SHARED_LIBS ${BUILD_SHARED_LIBS})
+    set(BUILD_SHARED_LIBS OFF)
+  endif (MSVC)
+
   set(WITH_SEXP_CLI OFF)
   set(WITH_SEXP_TESTS OFF)
   set(CMAKE_INSTALL_DEFAULT_COMPONENT_NAME development)
   add_subdirectory(src/libsexp EXCLUDE_FROM_ALL)
-endif()
+
+  if (MSVC)
+    set(BUILD_SHARED_LIBS ${SAVED_BUILD_SHARED_LIBS})
+  endif (MSVC)
+endif (SYSTEM_LIBSEXP)
 
 add_subdirectory(src/lib)
 add_subdirectory(src/rnp)
diff --git a/ci/tests/deb-tests.sh b/ci/tests/deb-tests.sh
index 356302238..a4dce003d 100755
--- a/ci/tests/deb-tests.sh
+++ b/ci/tests/deb-tests.sh
@@ -39,10 +39,12 @@ DIR_CMAKE="$INSTALL_PREFIX/lib/x86_64-linux-gnu/cmake/rnp"
 
 declare expected_libraries=(
     "$DIR_LIB/librnp.so.0"
+    "$DIR_LIB/libsexp.so.0"
 )
 
 declare expected_devlibraries=(
     "$DIR_LIB/librnp.so"
+    "$DIR_LIB/libsexp.so.0"
     "$DIR_LIB/pkgconfig/librnp.pc"
 )
 
diff --git a/ci/tests/pkg-tests.sh b/ci/tests/pkg-tests.sh
index dcc4d0147..9f59213f6 100755
--- a/ci/tests/pkg-tests.sh
+++ b/ci/tests/pkg-tests.sh
@@ -39,10 +39,12 @@ DIR_CMAKE="$INSTALL_PREFIX/lib/cmake/rnp"
 
 declare expected_libraries=(
     "$DIR_LIB/librnp.so.0"
+    "$DIR_LIB/libsexp.so.0"
 )
 
 declare expected_devlibraries=(
     "$DIR_LIB/librnp.so"
+    "$DIR_LIB/libsexp.so.0"
     "$DIR_LIB/pkgconfig/librnp.pc"
 )
 
diff --git a/ci/tests/rpm-tests.sh b/ci/tests/rpm-tests.sh
index 75b676e98..2829f7f47 100755
--- a/ci/tests/rpm-tests.sh
+++ b/ci/tests/rpm-tests.sh
@@ -46,10 +46,12 @@ DIR_CMAKE="$INSTALL_PREFIX/lib64/cmake/rnp"
 
 declare expected_libraries=(
     "$DIR_LIB/librnp.so.0"
+    "$DIR_LIB/libsexp.so.0"
 )
 
 declare expected_devlibraries=(
     "$DIR_LIB/librnp.so"
+    "$DIR_LIB/libsexp.so.0"
     "$DIR_LIB/pkgconfig/librnp.pc"
 )
 
diff --git a/src/lib/CMakeLists.txt b/src/lib/CMakeLists.txt
index d931701a5..ba81e1ccc 100755
--- a/src/lib/CMakeLists.txt
+++ b/src/lib/CMakeLists.txt
@@ -435,8 +435,14 @@ endif()
 # If a client application uses static rnp library, it still needs libsexp.a and it is installed
 
 if (BUILD_SHARED_LIBS)
+  if (NOT SYSTEM_LIBSEXP AND NOT MSVC)
+    set (SEXP_INSTALL_TARGET "sexp")
+  else (NOT SYSTEM_LIBSEXP AND NOT MSVC)
+    set (SEXP_INSTALL_TARGET "")
+  endif (NOT SYSTEM_LIBSEXP AND NOT MSVC)
+
 # both static and shared libraries
-install(TARGETS librnp
+install(TARGETS librnp ${SEXP_INSTALL_TARGET}
     EXPORT rnp-targets
     LIBRARY
       DESTINATION  "${CMAKE_INSTALL_LIBDIR}"
@@ -449,7 +455,7 @@ install(TARGETS librnp
 
 # install dll only for windows
   if (WIN32)
-    install(TARGETS librnp
+    install(TARGETS librnp ${SEXP_INSTALL_TARGET}
       RUNTIME
         DESTINATION "${CMAKE_INSTALL_BINDIR}"
         COMPONENT runtime
diff --git a/src/libsexp b/src/libsexp
index b6bf03369..47009ce30 160000
--- a/src/libsexp
+++ b/src/libsexp
@@ -1 +1 @@
-Subproject commit b6bf0336904d8d8e0c169236e56cf55075fe4d36
+Subproject commit 47009ce300ddc2eabbdcd3a822cbfa1fbb5cf2b4