Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal is popular PDF and ePub book, written by Sebastiaan Pompe in 2015-12-28, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal can be Read Online from any device for your convenience.
Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal Book PDF Summary
This paper discusses the recent major reforms in the area of civil and commercial claims enforcement undertaken by the Portuguese authorities in the context of the IMF/EU-supported adjustment program. The economic literature has long recognized that slow claims enforcement affects economic growth, foreign direct investment, credit and labor markets, and firm size. The Portuguese authorities together with IMF/EU staff deployed a novel approach that has focused on incentives tackling weaknesses in the enforcement process with the aim of increasing the efficiency and effectiveness of claims enforcement and resolving court backlogs. The paper finds impressive quantifiable changes affecting, in particular, court backlog reduction, court processing speed, and private debt recovery. The economic literature suggests that this will impact positively on the payment culture and overall growth, even if such impact cannot be determined at this stage.
Detail Book of Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal PDF
- Author : Sebastiaan Pompe
- Release : 28 December 2015
- Publisher : International Monetary Fund
- ISBN : 9781498387989
- Genre : Business & Economics
- Total Page : 41 pages
- Language : English
- PDF File Size : 19,9 Mb
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