Glossary entry (derived from question below)
French term or phrase:
procédure d\'apurement collectif du passif
English translation:
… liability resolution proceedings
Added to glossary by
B D Finch
Feb 15, 2011 10:53
13 yrs ago
21 viewers *
French term
procédure d'apurement collectif du passif
French to English
Bus/Financial
Law: Contract(s)
This is part of the declaration by Transferor and Transferee in an assignment of shares in a company.
"... qu'ils ne font l'objet d'aucune procédure d'apurement collectif du passif dans le cadre des lois et règlements en vigueur,"
"... qu'ils ne font l'objet d'aucune procédure d'apurement collectif du passif dans le cadre des lois et règlements en vigueur,"
Proposed translations
(English)
| 3 | … liability resolution proceeding |
rkillings
|
| 4 +1 | compulsory (= court-supervised) debt clearance scheme |
Adrian MM. (X)
|
| 3 | overall procedure of settlement of liabilities |
La Classe
|
Proposed translations
19 hrs
Selected
… liability resolution proceeding
Preface with your qualifier of choice (collective, court-ordered/supervised, etc.).
A suitably euphemistic term that avoids the extraneous meanings associated with 'clearing' or 'settling' debts.
A suitably euphemistic term that avoids the extraneous meanings associated with 'clearing' or 'settling' debts.
4 KudoZ points awarded for this answer.
Comment: "Thanks rk. I used "liability resolution proceedings"."
3 mins
overall procedure of settlement of liabilities
IMO
Note from asker:
| Thanks. This is given in IATE, but is graded as minimum reliability. I would not use it without some more reliable support. |
+1
2 hrs
French term (edited):
procédure d\\\\\\\'apurement collectif du passif
compulsory (= court-supervised) debt clearance scheme
Collective means court-supervised, so compulsory =as opposed to voluntary as precipitated by the co. creditors, the judgment debtor himself or the company itself.
Also scheme would be more usual in the UK than process or procedure for the discharge of liabilities, whilst arrangement dsometimes refers to a private, out-of-course scenario, such as an IVA - individ. vol. arrangement and CVA - company voluntary arrangement.
This is the superordinate (= general-variety) term: see fr.wikipedia.org/wiki/Procédure_collective for the types of arranegement going, so no need at this stage to get into the various types of UK comp- vs- vol- winding-up and the US Chapter 11 etc. Bankruptcy
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Note added at 3 hrs (2011-02-15 14:06:35 GMT)
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---out-of-court scenario
Also scheme would be more usual in the UK than process or procedure for the discharge of liabilities, whilst arrangement dsometimes refers to a private, out-of-course scenario, such as an IVA - individ. vol. arrangement and CVA - company voluntary arrangement.
This is the superordinate (= general-variety) term: see fr.wikipedia.org/wiki/Procédure_collective for the types of arranegement going, so no need at this stage to get into the various types of UK comp- vs- vol- winding-up and the US Chapter 11 etc. Bankruptcy
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Note added at 3 hrs (2011-02-15 14:06:35 GMT)
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---out-of-court scenario
Example sentence:
des biens du débiteur en vue de l\\\\\\\'apurement collectif de son passif ; ..... L\\\\\\\'ouverture d\\\\\\\'une procédure collective de redressement judiciaire www.jurisint.org/ohada/text/text.06.fr.html
Russia and Croatia Sign Debt Clearance Scheme Agreement
Peer comment(s):
| agree |
AllegroTrans
: agree, but IVAs and CVAs irrelevant as this is not England
5 hrs
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Thx. IVAs and CVAs are also a red herring as voluntary and not compulsory arrangements,
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