An economic study “Considerations on the notarial profession in the light of the OECD PMR and World Bank B-Ready indicators” was recently completed highlighting the good performances of UINL countries in real estate transfers and company formation.
The study, written by Bruno Deffains (Professor at the University of Paris Panthéon Assas), Claudio Ceccarelli (Director of the Italian Institute of Statistics), and Antonio Cappiello (CNN economic expert), through analysis of OECD PMR and B-Ready (World Bank) data, highlights that an adequate level of regulation of the notary profession correlates with improved service quality and reduced time and costs to complete a real estate transfer. Furthermore, the aggregate analysis of B-Ready indicators relating to property transfers and company formation found that UINL countries performed better than countries that do not employ notaries for real estate transactions and company formation.
Some of the study’s findings were presented by Antonio Cappiello during the International Forum of the UINL congress in Berlin on October 4th (cf. our picture).
The study has been accepted, following peer review, at various academic conferences of the major law and economics associations. Namely, it has been presented on September 25th at the “Market and Democracy” forum at the University of Hannover (Germany), on October 9th at the annual conference of the French Law and Economics Association (Nancy), and will be presented on November 8th at the annual conference of the Japan Law and Economics Association (Nanzan University).