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Explore the role of courts, legal vice presidency, and the World Bank in commercial enforcement and insolvency systems. Analyze court specialization, discretion over plans, rejection of plans, and imposition on dissenting minorities in different regions.
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SURVEY Commercial Enforcement and Insolvency Systems PANEL I Role of Court Legal Vice Presidency The World Bank
Court Specialization 100% 90% 80% 70% 60% 50% 45% 50% 38% 38% 36% 40% 33% 33% 27% 27% 27% 30% 25% 22% 25% 20% 13% 18% 9% 9% 13% 10% 11% 0% 0% Africa EAP & SA ECA LAC Industrial Specialized Commercial Court Mix of Specialized and Commercial Non-specialized
Court Discretion over Plan 100% 100% 90% 89% 89% 86% 82% 82% 80% 71% 70% 60% 57% 56% 50% 40% 33% 30% 20% 10% 0% Rejection of plan Imposition to dissenting minorities Africa EAP & SA ECA LAC Industrial
Exercise of Court Discretion(Rejection of Plan) 100% 100% 90% 80% 80% 70% 70% 60% 57% 60% 50% 43% 40% 40% 30% 20% 20% 20% 10% 10% 0% 0% 0% 0% 0% 0% Africa EAP & SA ECA LAC Industrial Frequently Sometimes Infrequently
Exercise of Court Discretion(Imposition to dissenting minorities) 100% 90% 75% 80% 71% 70% 60% 50% 50% 50% 44% 38% 40% 33% 29% 25% 25% 30% 22% 25% 20% 13% 10% 0% 0% 0% Africa EAP & SA ECA LAC Industrial Frequently Sometimes Infrequently
Significant Role Played by Court in… 100% 89% 86% 86% 90% 82% 75% 80% 70% 75% 67% 70% 71% 60% 67% 67% 60% 50% 50% 43% 40% 30% 22% 20% 10% 0% Claims Plan Approval Selection of Administrator/Trustee Africa EAP & SA ECA LAC Industrial