Guinea-Bissau : Business Environment: Legal Procedure

Guinea-Bissau : Business Environment: Legal Procedure
Infographic SummaryWith higher scores indicating better designed collateral and bankruptcy laws and easier and safer access to credit, the Strength of legal rights index for Guinea-Bissau is 6. There are a total of 40 required procedures (independent legal actions) to enforce a contract in Guinea-Bissau and the process requires on average 1,715 days to be completed.
Strength of legal rights index (0=weak to 10=strong)Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 10, with higher scores indicating that these laws are better designed to expand access to credit.
Procedures to enforce a contract (number)Number of procedures to enforce a contract are the number of independent actions, mandated by law or courts, that demand interaction between the parties of a contract or between them and the judge or court officer.
Time required to enforce a contract (days)Time required to enforce a contract is the number of calendar days from the filing of the lawsuit in court until the final determination and, in appropriate cases, payment.
Data Source: Worldbank, World Development Indicators