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Enforcement of Unsecured Rights

SURVEY Commercial Enforcement and Insolvency Systems. Enforcement of Unsecured Rights. Legal Vice Presidency The World Bank. Enforcement of unsecured rights. 45% mechanisms for recovering unsecured debt are generally considered reliable and predictable

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Enforcement of Unsecured Rights

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  1. SURVEY Commercial Enforcement and Insolvency Systems Enforcement of Unsecured Rights Legal Vice Presidency The World Bank

  2. Enforcement ofunsecured rights • 45% mechanisms for recovering unsecured debt are generally considered reliable and predictable • 45% summary proceedings are available to recover unsecured debt • 91% exceptions to foreclosure by unsecured creditors are clearly defined and narrowly tailored

  3. Usual Recovery Time 45% 45% 50% 45% 40% 35% 30% 25% 20% 9% 15% 10% 0% 5% 0% 00-06 months 07-12 months 12-18 months Longer

  4. Access to domestic courts for foreignersis on the same conditions as locals • 91% domestic claims • 91% foreign claims

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