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Economic value of the judiciary: A pilot study for five countries on volume, value and duration of large commercial cases

Economic value of the judiciary: A pilot study for five countries on volume, value and duration of large commercial cases

Author: Caroline Costello, et al.
Publisher: Eleven International Publishing
ISBN: 9789462362093
Published In: June 2021
Format: Paperback
Jurisdiction: Netherlands ? Disclaimer:
Countri(es) stated herein are used as reference only

HKD 325.85

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Description
Contents

Details

This book documents an empirical inquiry into the number, value and duration of large commercial court cases in five countries from different parts of Europe: Ireland, Italy, Lithuania, the Netherlands and Norway. It is an exploratory study as for each country data had to be extracted from the case registration systems of the courts. The study shows that a substantial part of economic activity is ‘paralyzed’ by disputes that are fought out in the courts. This has broad negative consequences for the countries in question. There are large differences in the number, value (as measured by reference to the claims) and duration of these court cases. All five judiciaries can improve their performance, to a greater or lesser degree, with Italy (volume, duration), Lithuania (volume) and the Netherlands (duration) having much to gain.

The study is of interest for its outcomes, but also from a methodological perspective, as it shows the necessity of taking the diversity of court cases into account and a method to achieve this. While the economic analysis is relatively simple and the analysis is confined to one type of dispute, the outcomes clearly show the importance of the legal/ judicial system for the economy.

1. Introduction

2. Economic literature on courts and economic performance

3. Existing data on civil litigation

4. Comparison of volume and value of commercial litigation

4.1 Volume and value of all commercial cases in the Netherlands and Norway

4.2 Volume and value of commercial cases in Lithuania and the Netherlands

4.3 Volume and value of commercial cases above EUR 1 million for five countries

4.4 Value of adjudicated cases versus value at stake in commercial litigation at the courts

5. Comparison of the costs of high value litigation

5.1 Costs of large volume of high value litigation

5.2 Performance and costs of high value commercial procedures

5.2.1 Duration