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

Legal Vice Presidency The World Bank Enforcement of security perceived as easy and predictable 38% 63% 91% 45% 89% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial

Legal Vice Presidency The World Bank Secured creditor may sell security without court intervention 38% 57% 64% 45% 56% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial

Legal Vice Presidency The World Bank Frequency of court involvement required to enforce security interests Always or almost alwaysFrequentlySometimes InfrequentlyNever or almost never 50% 75% 13% 55% 36% 9% 64% 18% 9% 40% 50% 10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial

Legal Vice Presidency The World Bank Usual timeframe in obtaining judgment for enforcement of security interests Less than 06 months06-12 months12-18 monthsLonger 14% 29% 43% 14% 29% 25% 63% 13% 9% 55% 27% 70% 20% 10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial

Legal Vice Presidency The World Bank Availability of non-judicial enforcement procedures 50% 25% 45% 56% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial

Legal Vice Presidency The World Bank Usual timeframe involved in completing non-judicial processes 67% 33% 67% 33% 100% 14% 71% 14% 67% 17% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial Less than 06 months06-12 months12-18 monthsLonger

Legal Vice Presidency The World Bank Law allows for parties to agree upon their own default remedies 100% 33% 100% 50% 63% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% AfricaEAP & SAECALACIndustrial