Legal Vice Presidency The World Bank PANEL I Role of Court SURVEY Commercial Enforcement and Insolvency Systems

Legal Vice Presidency The World Bank Court Specialization Specialized 9% Commercial Court 46% Mix of Specialized and Commercial 18% Non Specialized 27%

Legal Vice Presidency The World Bank Location of the Court 80 % Access is Geographically Convenient

Legal Vice Presidency The World Bank Court Discretion over Plan 55.56% 33.33% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Rejection of PlanImposition to dissenting minorities

Legal Vice Presidency The World Bank Exercise of Court Discretion 0% 25% 100% 75% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% FrequentlySometimesInfrequently Rejection of PlanImposition to dissenting minorities

Legal Vice Presidency The World Bank Discretion to Investigate Yes 64% No 36% Frequently 14% Occasionally 86% Never 0%

Legal Vice Presidency The World Bank Significant Role Played by Court 67 % in Claims 22 % in Plan Approval 100 % in Avoidable Transactions 67 % in Determining Personal Liabilities 67 % in Selection of Administrator / Trustee 11 % in Approval of Creditors Committees 56 % in Cost of Case Management / Professional Fees