1 option
Reforming the Legal and Institutional Framework for the Enforcement of Civil and Commercial Claims in Portugal / Sebastiaan Pompe, Wolfgang Bergthaler.
- Format:
- Book
- Government document
- Author/Creator:
- Pompe, Sebastiaan.
- Series:
- IMF Working Papers; Working Paper ; No. 2015/279
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Corporate governance.
- Corporate governance--Portugal.
- Physical Description:
- 1 online resource (41 pages) : illustrations, tables.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2015.
- 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.
- Notes:
- Includes bibliographical references.
- Description based on online resource; title from PDF title page (ebrary, viewed June 22, 2017).
- ISBN:
- 9781513513089
- 1513513087
- 9781513524474
- 151352447X
- 9781513542089
- 1513542087
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.