Read this in The Manila Times digital edition.
A STUDY conducted by the Organization for Economic Cooperation and Development in 2021 concluded that better civil justice systems can boost investment, competition, innovation and growth. The study said well-functioning judicial systems play a crucial role in determining economic performance — notably by guaranteeing the security of property rights and enforcement of contracts.
The Philippines, meanwhile, is particularly notorious for its lagging justice system. According to the Doing Business report conducted by the World Bank Group in 2019, enforcing contracts in the Philippines takes as long as 962 days. Of this timeline, filing and service take 58 days, trial and judgment take as long as 700 days, while enforcing judgment takes 204 days.
Continue reading with one of these options:
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)