Compared to the former judicial officers' system, the advantage of judicial officers' system of the liberal Moldova reformed in 2010 is already beyond doubt. The challenge today is to form clear criteria for measuring the efficiency of activities of private judicial officers and continue the modernisation of debt recovery procedures.
In 2019, judicial officers returned to creditors nearly 103.7 million euros debts. That is 53 percent, or 36 million euros more than recovered in 2018. 89.9 million euros returned to private persons, 13.8 million euros – for public authorities.
Initiated by the International Union of Judicial Officers (UIHJ), the Global Code for the Enforcement of Digital Assets aims to accelerate the development of practical recovery tools for various types of digital property.
Arbitration courts can be superior to state courts in shorter and simpler dispute resolution processes. However, effective arbitration procedures are necessary for the successful party to have a real practical outcome.