Legal Vice Presidency The World Bank Enforcement of Secured Rights SURVEY Commercial Enforcement and...

Legal Vice PresidencyThe World Bank

Enforcement of Secured RightsEnforcement of Secured Rights

SURVEYSURVEYCommercial Enforcement and Insolvency SystemsCommercial Enforcement and Insolvency Systems



Enforcement of security perceived as easy and predictable

38%

63%

91%

45%

89%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Africa EAP & SA ECA LAC Industrial


Secured creditor may sell securitywithout court intervention

38%

57%64%

45%

56%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Frequency of court involvement required to enforce security interests

Always or almost always Frequently SometimesInfrequently Never or almost never

50%50%

75%

13%

13%

55%

36%

9%

64%

18%

9%

9%

40%

50%

10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Usual timeframe in obtaining judgment for enforcement of security interests

Less than 06 months 06-12 months 12-18 months Longer

14%

14%

29%

43% 43%

14%

14%

29%25%

63%

13%9%

9%

55%

27%

70%

20%

10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Availability of non-judicial enforcement procedures

50%

25%

45% 45%

56%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%



Usual timeframe involved in completing non-judicial processes

67%

33%

67%

33%

100%

14%

71%

14%

67%

17% 17%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


Less than 06 months 06-12 months 12-18 months Longer


Law allows for parties to agree upon their own default remedies

100%

33%

100%

50%

63%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%


Legal Vice Presidency The World Bank Enforcement of Secured Rights SURVEY Commercial Enforcement and...

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