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

Enforcement of unsecured rights Mechanisms for recovering unsecured debt are generally considered reliable and predictable 100% 90% 89% 82% 80% 70% 63% 63% 60% 50% 45% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial

Enforcement of unsecured rights Summary proceedings are available to recover unsecured debt 100% 100% 90% 80% 70% 67% 60% 63% 50% 45% 40% 30% 27% 20% 10% 0% Africa EAP & SA ECA LAC Industrial

Enforcement of unsecured rights Exceptions to foreclosure by unsecured creditors are clearly defined and narrowly tailored 100% 90% 91% 88% 83% 80% 70% 71% 73% 60% 50% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial

Usual Recovery Time 56% 33% 0% 22% 1. Industrial 10% 60% 10% 20% 2. ECA 13% 38% 13% 38% 3. Africa 4. EAP & SA 29% 0% 29% 43% 5. LAC 0% 9% 45% 45% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 00-06 months 07-12 months 13-18 months Longer than 18 months