Commercial Court and Enforcement Assessment Tool

An effective and efficient justice system is essential for sustained economic growth. In a well-functioning, independent, and efficient justice system, decisions are taken within a reasonable time and are predictably and effectively enforced, and individual rights, including property rights, are adequately protected. Among other objectives, the efficiency of the judicial system is important for creating a good business climate, attracting foreign direct investment, securing tax revenues, and supporting economic growth. Research has shown that weak contract enforcement, for example, raises the cost of borrowing and shortens loan maturities, with a resulting negative effect on investment and GDP. Weak court enforcement systems have also been linked to late payments, which can lead to liquidity issues for companies and increase insolvency. Since the publication of the World Bank’s World Development Report 2005, the importance of well-functioning courts to strengthening the investment climate and ultimately to reducing poverty and boosting shared prosperity has been brought to the forefront and become internationally recognized. Indicators of commercial court performance, and business community perceptions of and trust in the courts, are a part of the World Bank Group’s (WBG) country-level investment climate assessments and its influential Investment Climate Surveys and Doing Business reports. Court performance has also become an element of European Union (EU) and Organization for Economic Co-operation and Development (OECD) accession. Helping countries to improve commercial court operations and ensure improved accessibility and effective delivery of services are important components of the development assistance provided by the WBG. The Commercial Court and Enforcement Assessment Tool has been designed to assist assessment teams and client agencies in this effort.

Bibliographic Details

Main Authors:	Ebeid, Omniah, Gramckow, Heike
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2016-03-01
Subjects:	COURT REPRESENTATIVE, CREDIT MARKETS, SEIZURE OF ASSETS, BENEFIT, REGULATORY FRAMEWORK, COURT, HOUSE, LIQUIDATION, CIVIL PROCEDURE, COLLECTION EFFORT, PUBLIC AUCTION, LATE PAYMENTS, COURT JUDGMENT, CRIMINAL, LAWS, LAW ENFORCEMENT, JUDICIARIES, JUSTICE SYSTEMS, TYPE OF DEBT, PROPERTY RIGHTS, LIQUIDITY, GOOD GOVERNANCE, DEBTOR, ENFORCEMENT PROCEDURES, ASSET, JUDICIAL COUNCILS, COURT HEARINGS, LEGAL STATUS, CONTRACT ENFORCEMENT MECHANISMS, ADMINISTRATIVE COURT, LOAN, WILL, PAYMENTS, BANKRUPTCY, CREDITORS, CREDITOR, COURT DECISIONS, DISPUTE RESOLUTION, JUDGMENT, BUDGET, HOME, JUDICIAL DECISIONS, JURISDICTIONS, SETTLEMENTS, LEGAL FRAMEWORKS, INTERNATIONAL FINANCE, CODE OF CONDUCT, COURTS, JUDICIAL PROCEDURES, ENFORCEMENT MECHANISMS, SALE OF PROPERTY, PENALTIES, MOVABLE PROPERTY, RULES OF PROCEDURE, COMMERCIAL JUDGES, TITLE, ENFORCEMENTS, CONTRACT ENFORCEMENT, JUDGE, RESTRUCTURING, COURT EFFICIENCY, FOREIGN COMPANY, COMMERCIAL COURT JUDGES, LIQUIDATION PROCESSES, COURT PROCEEDINGS, ADOPTION, EU, PAYMENT, COMMERCIAL COURT PERFORMANCE, FINANCIAL INSTITUTIONS, JUDGES, COMMERCIAL COURTS, DEBT, LEGISLATION, CIVIL PROCEDURES, SETTLEMENT, CREDITOR RIGHTS, COURT COSTS, COMPANY LAW, LOANS, DIRECT INVESTMENT, TAX REVENUES, LEGAL PROCESS, RESIDENCE, RULE OF LAW, ACCESS TO COURT, ENFORCEMENT OF JUDGMENTS, LEGAL FRAMEWORK, ALTERNATIVE DISPUTE RESOLUTION, COURT INFRASTRUCTURE, CUSTODY, JUDICIAL SYSTEM, NOTARIES, DOMESTIC VIOLENCE, LEGAL “PROCESS, JURISDICTION, PROCUREMENT, FAMILY, DIVORCE, FOREIGN DIRECT INVESTMENT, CREDIT, JUDICIAL COUNCIL, CLAIMS, DEBT COLLECTION, VICTIM, COURT PERSONNEL, PROPERTY, OFFENDERS, LEGAL AID, GENERAL OBSERVATIONS, COURT FILING, COURT JUDGMENTS, ASSETS, INDEBTED, SALE PROCEEDS, COURT STAFF, CRIMINAL JUSTICE, COMMERCIAL COURT SYSTEM, COURT DECISION, ENFORCEMENT, JUSTICE, ADR, HUMAN RIGHTS, DIRECT PAYMENT, CHILDREN, COURT FILINGS, BANK LOANS, DISMISSAL, INVESTMENT, FINANCIAL INTERMEDIATION, COURT PERFORMANCE, COMMERCIAL DISPUTE, CIVIL LAW, INVESTMENT CLIMATE, COURT PROCESSES, FINANCE CORPORATION, STATEMENT OF CLAIM, JUDICIARY, JUDGMENTS, INSOLVENCY, DISPOSITION, JUDICIAL AUTHORITY, LAW, LEGAL REQUIREMENTS, JUSTICE SYSTEM, BAILIFF, PAYMENT OF MONEY, PUBLIC AUCTIONS, JUDICIAL DECISION, ASSET LIQUIDATION, DEBT RECOVERY, GOVERNANCE STRUCTURES, WOMEN, BAILIFFS, FINAL JUDGMENTS, LEGAL PROCESSES, JUDICIAL TRAINING, CAPITAL INVESTMENT, POWER OF ATTORNEY, COMMON LAW, FEMALE, COMMERCIAL DISPUTES, GUARANTEE, COMMERCIAL COURT, BENEFITS, CLAIM, REAL PROPERTY, COURT ACTION, COURT SYSTEM,
Online Access:	http://documents.worldbank.org/curated/en/2016/03/26114432/commercial-court-enforcement-assessment-tool http://hdl.handle.net/10986/24018
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