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This report explores the effectiveness of commercial enforcement and insolvency systems, highlighting the perceptions of legal professionals regarding secured and unsecured claims. The data reveals insights into the frequency of debt settlements outside legal proceedings, with 36% reporting this as an established practice. The analysis emphasizes the need for systems to be affordable, transparent, predictable, and efficient. Additionally, the survey indicates a notable 55% perception of harmony between enforcement systems for secured and unsecured claims.
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SURVEY Commercial Enforcement and Insolvency Systems Compatible Enforcement Systems Legal Vice Presidency The World Bank
36% Yes 64% How often does this occur? 86% 90% 80% 70% 60% 50% 40% 30% 14% 20% 0% 10% 0% Frequently Sometimes Infrequently Settling of debts outside of legal proceedings as an established practice No
Perception of Enforcement System(Unsecured v Secured) 100% 100% 91% 90% 82% 82% 73% 80% 64% 64% 70% 55% 60% 50% 36% 40% 27% 27% 27% 30% 20% 10% 0% Affordable Transparent Predictable Expeditious Efficient Reliable UNSECURED claims SECURED claims
Harmony ofEnforcement System • 55% perception that enforcement systems for secured and unsecured claims work in harmony amongst themselves
