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 45% summary proceedings are available to recover unsecured debt 91% exceptions to foreclosure by unsecured creditors are clearly defined and narrowly tailored

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

Access to domestic courts for foreigners is on the same conditions as locals 91% domestic claims 91% foreign claims