1. Doing Business Presentation to ABA Section of International Law 1 Wednesday, February 29, 2012 Karim Belayachi, Report Co-Author and Private Sector Development Specialist

2. Doing Business – Origins First Doing Business report launched in September 2003. Motivation: to establish intellectual leadership in the area of assessing the environment for doing business – creating methodology, templates and database for interested staff, policy makers and researchers Purpose: to provide an objective basis for measuring, understanding and improving the regulatory environment for business. Objective: effective regulations, accessible to all, and efficient in their implementation. Initial data for 5 indicator sets in 133 economies  DB12 features 10 indicator sets in the ranking plus data on Employing Workers for 183 economies.

3. ABA and Doing Business share common goals –Global outlook –Education and knowledge-sharing –Development of policy in the international arena –Promotion of rule of law ABA Membership indicates values that align with DB –Professional development –International networks –Legal thought-leadership and excellence –Staying informed of the most up-to-date regulations and legal procedures for your firm and clients We are proud to welcome you into the Doing Business contributor network and look forward to learning from your expertise 3

4. What does Doing Business measure? Doing Business indicators: Focus on regulations relevant to the life cycle of a small to medium-sized domestic business. Are built on standardized case scenarios. Are measured for the most populous city in each country. Are focused on the formal sector. DO NOT measure all aspects of the business environment such as macroeconomic stability, corruption, level of labor skills, proximity to markets, or of regulation specific to foreign investment or financial markets. 4 4

5. 5 Doing Business indicators – 11 areas of business regulation (10 included in the DB2012 ranking) Property rights Investor protection Access to credit EntryAdministrative burden Flexibility in hiring Recovery rate Reallocation of assets 5

6. What's new in Doing Business 2012? 6

7. DB12 Results: Which regions have the most business- friendly environment in Doing Business? Economies in Sub-Saharan Africa and South Asia are the most likely to have both weaker legal institutions and more complex regulatory processes 7

8. 1. Singapore16. Georgia 2. Hong Kong SAR, China17. Thailand 3. New Zealand18. Malaysia 4. United States19. Germany 5. Denmark20. Japan 6. Norway21. Latvia 7. United Kingdom22. Macedonia, FYR 8. Korea, Rep.23. Mauritius 9. Iceland24. Estonia 10. Ireland25. Taiwan, China 11. Finland26. Switzerland 12. Saudi Arabia27. Lithuania 13. Canada28. Belgium 14. Sweden29. France 15. Australia30. Portugal DB12 Results: Top 30 economies for the ease of doing business in 2010/11 8

9. DB12 Results: Globally, the pace of change increased with 245 changes in 125 economies 9 78% of economies in Sub-Saharan Africa implemented business regulation reforms in 2010/2011, compared to 33% in 2005/2006

10. 10 Impact: Doing Business as a catalyst for regulatory reforms around the world More than 80 countries have requested technical assistance to improve the investment climate in the areas measured by Doing Business Subnational measurements underway in 17 countries (covering 184 cities) in FY11 alone DB has proven to be an effective tool for Work Bank Group client economies, including IDA and conflict affected countries. Most WBG reforms supported in low-income and IDA countries (26 in FY10) Regulatory reforms informed by DB 10

11. Impact: Peer-to-peer government learning on the rise Reform committees in over 35 countries At the Prime Minister’s or President’s level (e.g. Colombia, Rwanda) At the ministerial level (e.g. India, Kenya, Liberia, Malaysia, Mexico, Peru, Tajikistan, Thailand) Systematic learning from and cooperating with others Peer-learning events in El Salvador (Central America), Mauritius (Small Island States and Sub-Saharan Africa), Abu Dhabi (Arab World), Georgia (Eastern and Central Europe), Malaysia (East Asia and the Pacific) Ease of Doing Business Action Plan for 21 members of Asia-Pacific Economic Cooperation; champion economies in 5 areas (Japan; New Zealand; Singapore; Hong Kong SAR, China; Korea) Managing for results and tracing impact APEC initiative targets 25% improvement in ease of doing business 11

12. 12 Logistics: The Annual Doing Business Report Cycle JAN – MAY MAY- JUNE JULY - SEPT Data analysis and government feedback -Analyze and verify data received from over 9,000 contributors -Request feedback on reforms from governments Publication/writing -Analyze data and write report -World Bank Group-wide colleagues review report and provide feedback Report production Media outreach -Coverage in all major global media outlets including Economist, FT, New York Times - Over 7,900 media citations Data coding - Coding of 52,000 data points - 245 reforms in 125 economies recorded in DB12, 13% more than the previous year Surveys - Write surveys, in consultation with academic advisers - Send surveys to contributors Website -5.4 million hits since DB11 Data collection & verification - Conference calls & VC’s with contributors -Written correspondence - Travel to 21 countries for DB2012 Dec- Jan Feb- May June- Aug Sept- Nov Launch and roadshows - 30 countries hosted roadshows - 29 VC's including media & gov’t - 27 countries participated in 2 regional peer-learning events June 1st cutoff date for reforms Mail Reports - Mailing of reports and certificates of appreciation to contributors from Dec-Feb

13. To start, the Doing Business team, with academic advisers, designs a standardized case study and develops a survey. Surveys are administered through more than 9,000 local experts, including lawyers, business consultants, accountants, government officials and other professionals. These experts have several (typically 4) rounds of interaction with the Doing Business team, involving conference calls, written correspondence and country visits. The data from surveys are subjected to numerous tests for robustness, which lead to revisions or expansions of the information collected. The data for all sets of indicators in Doing Business 2013 are for June 1, 2012 (except for Paying Taxes, for which the data refer to Jan–Dec 2011). Logistics: How are the data collected?

14. Logistics: Topics requiring Legal Expertise 14 Starting a BusinessRegistering a limited liability company and setting it up for operations Registering PropertyTransferring property between two limited liability companies Getting CreditLegal rights of borrowers and lenders and sharing of credit information Protecting InvestorsMinority shareholders against harmful related party transaction Enforcing ContractsCourt efficiency in resolving a commercial dispute Employing WorkersRegulation of hiring, working hours, and dismissal Paying TaxesPreparing, filing and paying taxes and social contributions Resolving InsolvencyTime cost and outcome of bankruptcy proceedings

15. Logistics: Being a Doing Business contributor How to contribute? Every year in Feb/March, we will email you the survey topic or topics of your choice We allow contributors 3-4 weeks to complete the survey We might contact you via phone or email for a few follow-up questions Upon receiving your survey, we will acknowledge your name and firm in the DB website and report (optional). You will also receive a free report copy and certificate of appreciation. Why contribute? Minimal time commitment for a pro-bono project that has a high and measurable impact Maintain contact with the World Bank/IFC; join a global network of over 9,000 professionals Recognition on the Doing Business website, which receives 5 million+ site visits per year Keep your professional skills sharp by updating your knowledge of changing regulations Next Steps? 1.Download Doing Business survey(s) from this website: www.doingbusiness.org/surveyswww.doingbusiness.org/surveys 2.Complete survey(s) by Friday, March 23 3.Email survey(s) to Yasmin Zand; yzand@ifc.org; +1 (202) 458-9458yzand@ifc.org 4.Be sure to indicate that you are an ABA member in your email to Yasmin 15

16. Legal Resources Doing Business Resources Doing Business website –Data, Economy profiles, Research papers, Law library, Reform simulator, Business reform summaries 10 th Anniversary Doing Business Research Conference in April10 th Anniversary Doing Business Research Conference in April Join us on Doing Business Facebook and TwitterFacebookTwitter Other Resources Subnational Doing Business ReportsSubnational Doing Business Reports –Business regulations and their enforcement across locations in a single country or region Women, Business and the Law ReportWomen, Business and the Law Report –Indicators based on laws and regulations affecting women's prospects as entrepreneurs and employees Investing Across Borders ReportInvesting Across Borders Report –Compares regulation of foreign direct investment around the world Enterprise Surveys –The world's most comprehensive company-level data in emerging markets and developing economies. 16

17. Thank you. For more information: www.doingbusiness.org 17 17