Uzbekistan Doing Business 2020

What the indicators measure
Time required to recover debt (years)
Measured in calendar years
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Appeals and requests for extension are included
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Cost required to recover debt (% of debtor’s estate)
Measured as percentage of estate value
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Court fees
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Fees of insolvency administrators
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Lawyers’ fees
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Assessors’ and auctioneers’ fees
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Other related fees
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Outcome
Whether business continues operating as a going concern or
business assets are sold piecemeal
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Recovery rate for creditors
Measures the cents on the dollar recovered by secured
creditors
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Outcome for the business (survival or not) determines the
maximum value that can be recovered
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Official costs of the insolvency proceedings are deducted
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Depreciation of furniture is taken into account
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Present value of debt recovered
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Strength of insolvency framework index (0- 16)
Sum of the scores of four component indices:
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Commencement of proceedings index (0-3)
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Management of debtor’s assets index (0-6)
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Reorganization proceedings index (0-3)
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Creditor participation index (0-4)
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Case study assumptions
To make the data on the time, cost and outcome comparable across economies, several
assumptions about the business and the case are used:
- A hotel located in the largest city (or cities) has 201 employees and 50 suppliers. The hotel
experiences financial difficulties.
- The value of the hotel is 100% of the income per capita or the equivalent in local currency of USD
200,000, whichever is greater.
- The hotel has a loan from a domestic bank, secured by a mortgage over the hotel’s real estate.
The hotel cannot pay back the loan, but makes enough money to operate otherwise.
In addition,
evaluates the quality of legal framework applicable to judicial
liquidation and reorganization proceedings and the extent to which best insolvency practices have
been implemented in each economy covered.
Doing Business