Commercial Law and Enabling Environment

Overhauling Contract EnforcemenT

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Attached Document: 
application/pdf iconOverhauling Contract Enforcement.pdf
Document Type: 
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Date: 
May 12, 2007

Rwanda's sweeping reforms in the area of contract enforcement went beyond new legislation to include new institutions and significant training and outreach activities. Rwanda's experience demonstrates how a country with a civil law tradition can move toward a common law system

Speeding up the Bankruptcy Process

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Attached Document: 
application/pdf iconSpeeding up the Bankruptcy Process.pdf
Document Type: 
PDF
Date: 
May 11, 2007

Romania capitalized on widespread support for EU accession to overhaul its bankruptcy law. The reform included creating a Best Practices Manual, an online insolvency notification bulletin, and a fund to compensate insolvency practitioners when clients have insufficient funds for payment.
 

Consolidating Licensing Law

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Attached Document: 
application/pdf iconConsolidating Licensing Law.pdf
Document Type: 
PDF
Date: 
May 10, 2007

In response to a decrease in grants and foreign investment in the construction sector, Armenia undertook to reform the licensing and permits processes that were viewed as a hindrance to business. The reform, undertaken with little donor assistance or funding, is credited with a significant increase in the number of licensing and permits awarded, as well as an improvement in the Doing Business rankings.
 

Reducing the Time to Start a Business

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Attached Document: 
application/pdf iconReducing the Time to Start a Business.pdf
Document Type: 
PDF
Date: 
May 8, 2007

Persuaded by numerous donor-sponsored assessments highly critical of existing procedures, the Serbian government undertook radical reforms of its business registry systems. The reforms, which were driven by local experts with financial and technical assistance from donor agencies, included a new legislative framework and the establishment of a new business registration agency (SBRA).

Customs Automation and Process Reform

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Attached Document: 
application/pdf iconCustoms Automation and Process Reform.pdf
Document Type: 
PDF
Date: 
May 6, 2007

In an effort to improve its trading across borders and become more globally competitive, the government of Kenya has undertaken a series of administrative reforms to its trade processes. Though not fully implemented, these reforms have already achieved some positive changes, demonstrated by Kenya's Doing Business rank improving. It is hoped that with increased stakeholder involvement the full implementation of these reforms will further competitiveness in Kenya.
 

Tax Simplification

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Attached Document: 
application/pdf iconTax Simplification.pdf
Document Type: 
PDF
Date: 
January 25, 2011

Following the Rose Revolution, which provided the framework to implement political changes not previously possible, the new Georgian government implemented much needed reforms to the tax regime. Briefly, the new Tax Code reduced the number of taxes, simplified the tax procedures, and decreased bureaucratic barriers. Since the reform, the number of businesses registered has increased as has overall tax revenue.
 

Modernizing Contract Enforcement

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Attached Document: 
application/pdf iconModernizing Contract Enforcement.pdf
Document Type: 
PDF
Date: 
May 4, 2006

In order to address the needs of its increasingly complex market economy, Russia created arbitrage courts and forums for alternative dispute resolution. It also attempted to improve the financial condition of the courts, reduce corruption, and ensure prompt enforcement.
 

Reforming Labor Law

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Attached Document: 
application/pdf iconReforming Labor Law.pdf
Document Type: 
PDF
Date: 
May 3, 2006

President Uribe capitalized the on the combination of two factors - his high approval ratings upon taking office and a slumping economy - to get a controversial labor reform passed by Congress. Unemployment decreased, but opponents remain unconvinced that this was due to the reforms.
 

Reforming Taxes in a Multi-Party Democracy

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Attached Document: 
application/pdf iconReforming Taxes in a Multi-Party Democracy.pdf
Document Type: 
PDF
Date: 
June 2, 2006
Until 2000, Mexico had largely been a single-party political system for over 70 years. In such an environment, the requirements of cooperation and consensus building in policy reform are limited. However, with the rise of Vicente Fox and the Partido Acci�n Nacional (PAN), a multi-party Mexico forced the reform minded government to learn the tools of legislating in a multi-party democracy.

Development of Private Credit Bureaus

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Attached Document: 
application/pdf iconDevelopment of Private Credit Bureaus.pdf
Document Type: 
PDF
Date: 
May 2, 2006

The explosion of retail credit in Romania during 2000-2004 caused an urgent need for greater capacity and specificity in credit reporting. In response to this demand, in a period of less that six months, government bodies, donor institutions, membership associations, and banks worked together to assemble a private sector model to supply credit reporting data. The establishment and growth of the Biroul de Credit in Romania is a prime example of how apparent market need plus stakeholder recognition of that need can result in effective action. 
 

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