Introduction
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Presentation Transcript
SURVEY Commercial Enforcement and Insolvency Systems Introduction Legal Vice Presidency The World Bank
REGIONS REPRESENTED • 8 Sub Sahara Africa • 8 East Asia and South Asia (EAP & SA) • 11 Eastern Europe & Central Asia (ECA) • 11 Latin America & Caribbean (LAC) • 9 Industrials
Reorganization as analternative to liquidation 100% 100% 100% 90% 88% 82% 80% 75% 70% 60% 50% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial
Reorganization process is acourt supervised proceeding 100% 100% 100% 100% 90% 88% 80% 70% 64% 60% 50% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial
Liquidation process is acourt supervised proceeding 100% 100% 100% 100% 100% 90% 82% 80% 70% 60% 50% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial
Party to international treatyon insolvency matters 100% 90% 78% 80% 70% 57% 60% 50% 40% 30% 30% 30% 20% 10% 0% 0% Africa EAP & SA ECA LAC Industrial
Enacted international modellaws on insolvency 100% 90% 80% 70% 60% 50% 40% 29% 30% 22% 22% 20% 20% 10% 0% 0% Africa EAP & SA ECA LAC Industrial
Mechanisms allowing cooperationof domestic courts ininternational insolvency cases 100% 88% 90% 80% 70% 56% 60% 50% 40% 40% 30% 14% 20% 10% 0% 0% Africa EAP & SA ECA LAC Industrial
Countries currently considering legislative reform 100% 100% 90% 89% 80% 71% 70% 63% 60% 55% 50% 40% 30% 20% 10% 0% Africa EAP & SA ECA LAC Industrial