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Ease of Doing Business in

Samoa

Samoa Download Profile (1691.8KB, pdf)
Region East Asia & Pacific
Income Category Lower middle income
Population 193,228
GNI Per Capita (US$) 3,930
City covered Apia

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 89 87 down
2
62.17 62.16 down
0.01
Starting a Business 37 34 down
3
92.49 92.46 up
0.03
Dealing with Construction Permits 96 90 down
6
68.63 68.59 up
0.04
Getting Electricity 59 52 down
7
79.61 79.67 down
0.06
Registering Property 64 63 down
1
69.12 69.13 down
0.01
Getting Credit 157 152 down
5
25.00 25.00
-
Protecting Minority Investors 63 62 down
1
58.33 58.33
-
Paying Taxes 71 68 down
3
76.93 76.93
-
Trading across Borders 141 139 down
2
57.81 57.81
-
Enforcing Contracts 67 66 down
1
60.44 60.44
-
Resolving Insolvency 134 133 down
1
33.33 33.23 up
0.10

DB 2017 Rank:

134

DB 2016 Rank:

133

Change in Rank:

down1

DB 2017 DTF (% points):

33.33

DB 2016 DTF (% points):

33.23

Change in DTF (% points):

up0.10

Indicator Samoa East Asia & Pacific OECD high income
Recovery rate (cents on the dollar) info_outline 18.4 33.9 73.0
Time (years) info_outline 2 2.6 1.7
Cost (% of estate) info_outline 38 20.6 9.1
Outcome (0 as piecemeal sale and 1 as going concern) info_outline 0 .. ..
Strength of insolvency framework index (0-16) info_outline 7.5 7.1 12.1
  • Indicator Explanation Answer
    Recovery rate (cents on the dollar) 18.4
    Proceeding After Mirage's default, BizBank would initiate foreclosure through filing at the Supreme Court which will review the case, hold a hearing, hear appeals from related parties and will make a decision on BizBank's foreclosure request. foreclosure
    Outcome The hotel will stop operating and Mirage's assets will be sold piecemeal at the public auction after the foreclosure procedure. piecemeal sale
    Time (in years) The foreclosure procedure takes approximately 2 years until BizBank is repaid some or all of the money owed to it. 2.0
    Cost (% of estate) The costs associated with the case would amount to approximately 38% of the value of the debtor's estate. Main component of the cost is the attorneys’ fees. 38.0
    Answer Score
    Strength of insolvency framework index (0-16) 7.5
    Commencement of proceedings index (0-3) 2.5
    What procedures are available to a DEBTOR when commencing insolvency proceedings? (a) Debtor may file for both liquidation and reorganization 1.0
    Does the insolvency framework allow a CREDITOR to file for insolvency of the debtor? (b) Yes, but a creditor may file for liquidation only 0.5
    What basis for commencement of the insolvency proceedings is allowed under the insolvency framework? (a) Debtor is generally unable to pay its debts as they mature 1.0
    Management of debtor's assets index (0-6) 3.0
    Does the insolvency framework allow the continuation of contracts supplying essential goods and services to the debtor? No 0.0
    Does the insolvency framework allow the rejection by the debtor of overly burdensome contracts? Yes 1.0
    Does the insolvency framework allow avoidance of preferential transactions? Yes 1.0
    Does the insolvency framework allow avoidance of undervalued transactions? Yes 1.0
    Does the insolvency framework provide for the possibility of the debtor obtaining credit after commencement of insolvency proceedings? No 0.0
    Does the insolvency framework assign priority to post-commencement credit? (c) No priority is assigned to post-commencement creditors 0.0
    Reorganization proceedings index (0-3) 1.0
    Which creditors vote on the proposed reorganization plan? (b) Only creditors whose rights are affected by the proposed plan 1.0
    Does the insolvency framework require that dissenting creditors in reorganization receive at least as much as what they would obtain in a liquidation? No 0.0
    Are the creditors devided into classes for the purposes of voting on the reorganization plan, does each class vote separately and are creditors in the same class treated equally? No 0.0
    Creditor participation index (0-4) 1.0
    Does the insolvency framework require approval by the creditors for selection or appointment of the insolvency representative? Yes 1.0
    Does the insolvency framework require approval by the creditors for sale of substantial assets of the debtor? No 0.0
    Does the insolvency framework provide that a creditor has the right to request information from the insolvency representative? No 0.0
    Does the insolvency framework provide that a creditor has the right to object to decisions accepting or rejecting creditors' claims? No 0.0

Note: Even if the economy’s legal framework includes provisions related to insolvency proceedings (liquidation or reorganization), the economy receives 0 points for the strength of insolvency framework index, if time, cost and outcome indicators are recorded as “no practice”.