Speed: Insolvency regimes influence the time required to enforce debt contracts and, therefore, the cost of credit. [25] It can take up to 4 years in some countries or 0.4 years in others to recover assets and collect contractual claims. [26] Such delays again imply that time is lost until new productive activities may resume.
Transparency: Transparency is important because investors need sufficient information to exercise their rights under the law. [27] For instance, creditors must receive adequate notice of meetings at which creditor decisions are to be taken, as well as receive sufficient information on the debtor.