Minister Luis Felipe Salomão coordinates research on the credit recovery scenario in the country.

Brazilian Supreme Court Justice Luis Felipe Salomão is leading the recently launched study "Quality and Effectiveness Metrics of the Brazilian Justice System: the time and cost of a debt recovery process," promoted by the Brazilian Association of Magistrates (AMB) and the Getulio Vargas Foundation (FGV). Under the scientific coordination of Professor and Political Scientist Maria Tereza Sadek from the University of São Paulo (USP), the research will evaluate the cost and time of judicial reorganization actions and identify bottlenecks in the process from the perspective of judges, lawyers, and companies.

According to Luis Felipe Salomão, deepening the debate on legislation and the practice of debt recovery in the country could stimulate investment. Director of the Center for Judicial Research at AMB (Brazilian Association of Magistrates), Salomão argues that all actors in the justice system must be prepared for the increased volume of debt recovery claims due to the Covid-19 pandemic.

"It is expected that up to 80% of companies will face some type of difficulty stemming from the current global crisis. This very delicate moment demands increasingly more planning and strategy from the Judiciary to avoid greater social and economic losses," he emphasizes.

How it works

The study will analyze the factors that may have contributed to the better evaluation of other countries in the Doing Business ranking, compiled by the World Bank. The research targets judges, specialized lawyers, courts of justice, companies, the National Council of Justice, and the World Bank.

The forms will have the data tabulated and discussed until preliminary results are reached, which should be detailed for the production of the final report. According to the judge and secretary-general of the AMB's Center for Judicial Research, Patrícia Cerqueira Kertzman Szporer, the questionnaires applied have specific focuses for each group of participants.

"Minister Luis Felipe Salomão did not want to restrict the research to the views of members of the Judiciary, but also wants to know the point of view of those subject to the law, of companies undergoing judicial reorganization, and of lawyers, in a broad democratic debate about the present and future of judicial reorganization in Brazil," he emphasizes.

The study is being developed in partnership with the National Forum of Judges of Business Competence (Fonajem), the Federal Fluminense University (UFF), and the State University of Rio de Janeiro (Uerj), with the support of the Instituto Recupera Brasil (IRB). The work is expected to be completed by the end of the first semester.

With information from AMB and CNJ.

Source: STJ