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medsalgspligt

English translation: drag-along obligation/co-sale obligation


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:medsalgspligt
English translation:drag-along obligation/co-sale obligation
Entered by: Susanne Birkmose Søndergaard
Options:
- Contribute to this entry
- Include in personal glossary

14:29 Feb 3, 2010
Danish to English translations [PRO]
Bus/Financial - Law: Contract(s) / Investment agreement
Danish term or phrase: medsalgspligt
Sætning på dansk som skal oversættes til engelsk:

"Såfremt mere end 50 % af anpartskapitalen ønsker at overdrage deres anparter til tredjemand, har alle anpartshaverne medsalgspligt, såfremt kursen ved en sådan overdragelse, som minimum er 8 gange kursen 11.001,45 beregnet på 2006 års DKK værdi."

Umiddelbart har jeg fundet en oversættelse der hedder noget med "drag-along rights", men kan ikke gennemskue, hvordan det skal bruges korrekt i sætningen, da jeg mener at "drag-along rights" er rettigheder som tildeles the majority shareholder...
Susanne Birkmose Søndergaard
Denmark
Local time: 13:50
drag-along obligation/co-sale obligation
Explanation:
Examples of each appear respectively in the reference links below. Personally, I favor the "co-sale" version, but then I'm a pretty passive participant in the equities markets. :-)
Selected response from:

Charles Ek
United States
Local time: 07:50
Grading comment
Thanks:-) I used 'co-sale obligation'.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2drag-along obligation/co-sale obligation
Charles Ek
4tag alongChris S
1drag-along
andres-larsen


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
drag-along obligation/co-sale obligation


Explanation:
Examples of each appear respectively in the reference links below. Personally, I favor the "co-sale" version, but then I'm a pretty passive participant in the equities markets. :-)


    Reference: http://www.google.com/search?hl=en&lr=&q=%22drag-along%22&aq...
    Reference: http://www.google.com/search?hl=en&lr=&q=%22co-sale%22&aq=f&...
Charles Ek
United States
Local time: 07:50
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
Thanks:-) I used 'co-sale obligation'.

Peer comments on this answer (and responses from the answerer)
agree  Tom Thumb: Drag-along - not a co-sale - if a UK audience, perhaps.
9 hrs
  -> Thanks!
agree  Charlesp: I'll drag myself along with this answer. And affiliate my myself with the above comment of Tom Thumb.
11 hrs
  -> Thanks! (Looks like my pun virus is spreading on KudoZ this evening.)
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1 hr   confidence: Answerer confidence 1/5Answerer confidence 1/5
drag-along


Explanation:
"Should more than 50% of the share capital want to transfer their shares to third parties, all (remaining minority) shareholders are subject to (the) ***drag-along*** (clause), should the minimum quoted share price for such a transfer be 8 times the 11001.45 share price calculated at its DKK value for the year 2006."

kilder:

CPH Law Firm - Aktionæroverenskomster - ... Put optioner og call optioner; Tag-along (medsalgsret); ***Drag-along (medsalgspligt)***; Mandatory redemption (indløsningsret for visse aktionærer) ...
www.cphlawfirm.com/.../Aktionaeroverenskomster.php -

***Medsalgspligt - drag along*** - Iværksætter Debatten Amino - 16. dec 2009 ... Et oplæg fra investor indeholder en såkaldt medsalgsklausul (drag along clause), hvor jeg er forpligtet til at enten købe deres anparter ...
www.amino.dk/forums/t/76613.aspx -

Shareholders' agreement - Wikipedia, the free encyclopedia
***"Drag along" refers to the power of larger shareholders to compel*** the ...
en.wikipedia.org/wiki/Shareholders'_agreement

andres-larsen
Venezuela
Local time: 07:20
Does not meet criteria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 7

Peer comments on this answer (and responses from the answerer)
neutral  Tom Thumb: har alle anpartshaverne medsalgspligt: all shareholders have (a) drag-along doesn't work semantically - whilst 'are dragged along' might be closer to the truth.
9 hrs
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
tag along


Explanation:
is the other side of drag along

although I'd probably just say they have an obligation to sell

Chris S
United Kingdom
Meets criteria
Works in field
Native speaker of: Native in EnglishEnglish
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