1. Commercial Court and Enforcement Assessment Tool
- Author
-
Ebeid, Omniah and Gramckow, Heike
- Subjects
ADR ,INVESTMENT ,PAYMENT ,LEGAL REQUIREMENTS ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,COURT INFRASTRUCTURE ,CHILDREN ,BUDGET ,ASSET ,CODE OF CONDUCT ,CUSTODY ,FINANCE CORPORATION ,LIQUIDATION ,TYPE OF DEBT ,CREDITOR ,ACCESS TO COURT ,BENEFIT ,ENFORCEMENT OF JUDGMENTS ,SALE PROCEEDS ,FINANCIAL INTERMEDIATION ,DISMISSAL ,COURT PERFORMANCE ,DIRECT PAYMENT ,ALTERNATIVE DISPUTE RESOLUTION ,RULE OF LAW ,WOMEN ,ADMINISTRATIVE COURT ,ENFORCEMENT PROCEDURES ,CONTRACT ENFORCEMENT MECHANISMS ,JUSTICE SYSTEM ,FEMALE ,JUSTICE SYSTEMS ,DOMESTIC VIOLENCE ,JURISDICTION ,GUARANTEE ,DEBTOR ,COURT DECISION ,ASSETS ,ENFORCEMENT MECHANISMS ,PROCUREMENT ,JUDICIAL COUNCILS ,LOANS ,COURT HEARINGS ,JUDICIAL PROCEDURES ,CRIMINAL JUSTICE ,CIVIL PROCEDURES ,SETTLEMENT ,MOVABLE PROPERTY ,COMMERCIAL COURT SYSTEM ,LAW ENFORCEMENT ,ADOPTION ,COMMERCIAL COURT PERFORMANCE ,COURT SYSTEM ,CAPITAL INVESTMENT ,COURT REPRESENTATIVE ,FOREIGN DIRECT INVESTMENT ,COURT ACTION ,CREDITORS ,OFFENDERS ,PAYMENT OF MONEY ,LIQUIDATION PROCESSES ,COURT STAFF ,INTERNATIONAL FINANCE ,SETTLEMENTS ,GENERAL OBSERVATIONS ,JUDICIAL DECISIONS ,PROPERTY RIGHTS ,DISPUTE RESOLUTION ,HOUSE ,JUDICIAL COUNCIL ,COURT FILINGS ,STATEMENT OF CLAIM ,GOVERNANCE STRUCTURES ,COURT FILING ,COMMON LAW ,COURT JUDGMENTS ,LEGAL “PROCESS ,INDEBTED ,PUBLIC AUCTIONS ,COMPANY LAW ,RESTRUCTURING ,LIQUIDITY ,RULES OF PROCEDURE ,DEBT ,VICTIM ,JUDICIAL AUTHORITY ,JUDGES ,JUDICIAL DECISION ,POWER OF ATTORNEY ,CLAIM ,HUMAN RIGHTS ,FINAL JUDGMENTS ,COMMERCIAL DISPUTES ,PAYMENTS ,LEGAL PROCESS ,CLAIMS ,PROPERTY ,LEGAL PROCESSES ,TITLE ,CONTRACT ENFORCEMENT ,COURT ,JURISDICTIONS ,COMMERCIAL COURTS ,BAILIFFS ,JUDICIAL TRAINING ,ENFORCEMENT ,INVESTMENT CLIMATE ,JUDGMENTS ,INSOLVENCY ,LEGAL AID ,CIVIL PROCEDURE ,DEBT RECOVERY ,BANKRUPTCY ,COURT COSTS ,RESIDENCE ,COURT PROCESSES ,WILL ,JUDICIARY ,COMMERCIAL DISPUTE ,JUDGE ,COMMERCIAL COURT JUDGES ,REGULATORY FRAMEWORK ,ENFORCEMENTS ,FAMILY ,SALE OF PROPERTY ,PENALTIES ,JUSTICE ,FINANCIAL INSTITUTIONS ,COURT PROCEEDINGS ,JUDGMENT ,CRIMINAL ,COURTS ,BAILIFF ,COURT PERSONNEL ,BANK LOANS ,GOOD GOVERNANCE ,DIRECT INVESTMENT ,COURT JUDGMENT ,ASSET LIQUIDATION ,FOREIGN COMPANY ,LOAN ,COURT DECISIONS ,LATE PAYMENTS ,CREDIT ,TAX REVENUES ,LEGISLATION ,LEGAL STATUS ,JUDICIAL SYSTEM ,BENEFITS ,REAL PROPERTY ,PUBLIC AUCTION ,LEGAL FRAMEWORKS ,HOME ,COMMERCIAL JUDGES ,DIVORCE ,DISPOSITION ,JUDICIARIES ,CREDITOR RIGHTS ,DEBT COLLECTION ,LEGAL FRAMEWORK ,CREDIT MARKETS ,COLLECTION EFFORT ,COURT EFFICIENCY ,LAWS ,COMMERCIAL COURT ,NOTARIES ,CIVIL LAW ,SEIZURE OF ASSETS ,EU ,LAW - Abstract
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.
- Published
- 2016