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East Asia and Pacific Compared by Economy > Entrepreneurship > Enforcing Contracts > Index ranking

DEFINITION: Indicators on enforcing contracts measure the efficiency of the judicial (or administrative) system in the collection of overdue debt. The data are built by following the step-by-step evolution of a payment dispute either before local courts or through an administrative process, if such a process is available and preferred by creditors. The data are collected through study of the codes of civil procedures and other court regulations as well as surveys of local litigation lawyers. At least 2 lawyers participate in each country, and in a quarter of the countries judges also complete the survey. To ensure comparability, survey respondents are provided with significant detail, including the amount of the claim, the location and main characteristics of the litigants, the presence of city regulations, the nature of the remedy requested by the plaintiff, the merit of the plaintiff ’s and the defendant’s claims and the social implications of the judicial outcomes. NOTE: This is a ranking derived from several indicators, 1 being the best (ranked first). The higher the number on this graph, the lower their overall ranking. Invert this graph by clicking on 'Amount' at the top. Consult source for details on methodology.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 East Timor 155 2005
2 Indonesia 145 2005
3 Laos 143 2005
4 Solomon Islands 137 2005
5 Marshall Islands 135 2005
6 Tonga 132 2005
7 Palau 128 2005
8 Cambodia 127 2005
9 Federated States of Micronesia 120 2005
10 Fiji 108 2005
11 Vanuatu 106 2005
12 Papua New Guinea 105 2005
13 Vietnam 102 2005
14 Kiribati 92 2005
15 Philippines 89 2005
16 Samoa 78 2005
17 Malaysia 61 2005
18 Mongolia 51 2005
19 Thailand 49 2005
20 China 47 2005
21 Taiwan 27 2005
22 South Korea 18 2005
23 Australia 12 2005
24 Singapore 11 2005
25 New Zealand 4 2005
26 Japan 3 2005

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East Asia and Pacific Compared by Economy > Entrepreneurship > Enforcing Contracts > Index ranking

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