International Development Law Organization

Commercial Law

Commercial law is one of the main deficit areas in transition economies and in countries seeking to move up the economic value chain. Globalization has vastly expanded the need for competence in this field. A sound knowledge and practice of commercial law facilitates economic integration. It enables poorer nations to secure better terms in international or bilateral trade agreements, and empowers resource-rich ones to handle large foreign investment flows. Where investment is scarce, commercial law capacity encourages it by improving the overall business climate.

Judicial training program to improve investment climate in Romania

Bucharest, April 23, 2018 – A new program in Romania will help the country improve its investment climate by building judicial capacity in commercial cases and increasing the uniformity of judicial practice.

“Romanian courts need to be able to tackle economic crime and commercial disputes in an effective and reliable manner to attract sustainable and healthy investment,” said the International Development Law Organization (IDLO), noting the purpose of its new program in the country.

Handling insolvency cases in Croatia

Croatia has eight first instance commercial courts and one High Commercial Court, and is committed to raising the capacity of its commercial court judges to resolve cases related to insolvency matters. The Judicial Training Academy has incorporated insolvency training into its annual program almost every year since 2010. However, there is still more progress to be made, especially regarding impediments to the resolution of non-performing loans which highlights the importance of the legal framework on insolvency law.

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