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Enforcement of Unsecured Rights
SURVEY Commercial Enforcement and Insolvency Systems Enforcement of Unsecured Rights Legal Vice Presidency The World Bank
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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
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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
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Access to domestic courts for foreigners is on the same conditions as locals
91% domestic claims 91% foreign claims
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