To business players, sophistication of the law is not the final
word. Even the best designed legal framework proves valueless when
parties' lawful and legitimate expectations are not fulfilled,
because, at the time of enforcement of a contract, the jurisdiction
where enforcement is sought after fails to provide adequate support
from its judicial system. Deficiencies may be of different sorts:
cost, slow pace, complexity of the procedure (number of steps),
lack of neutrality, non specialization of courts, etc. Political
economists, such as Max Weber (1864 – 1920), to cite one
of the most illustrious names, have well evidenced that the
economic development of countries is directly linked to the mutual
trust which may exist between business players and, by extension,
to the trust which may be put by them in the institutions, in
particular in courts. Improving court functions and efficiency is
essential to sustaining a healthy and stable economy. On more
micro-economics'
