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bijzondere zeggenschap

English translation: special controlling rights


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:bijzondere zeggenschap
English translation:special controlling rights
Entered by: xxxjarry
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08:21 Apr 23, 2009
Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Dutch term or phrase: bijzondere zeggenschap
"die begunstigde is van minimaal 25 % van het vermogen van een stichting of een trust of die bijzondere zeggenschap heeft over 25 % of meer van het vermogen van een stichting of trust"

Is this simply 'special control'? (It's the translation of 'bijzondere' in this phrase that I'm not sure of.) This is part of the definition of the 'ultimate beneficial owner' of an organisation.
katiebeb
Local time: 07:51
special controlling rights
Explanation:
Despite the EU's translation I believe it should be special 'controlling' rights, a term well introduced and accepted in Dutch accounting circles.
See the link below of a book by Professor Hans Beckman I translated when I was employed by one of the 'Big Four' business services firms.
http://books.google.com/books?id=lkRx66fVZ4cC&pg=PA117&lpg=P...

Further statutory and other information Unilever N.V. - Financial ...Special controlling rights under the Articles of Association See note 22 to the consolidated accounts. Auditors A resolution will be proposed at the Annual ...
annualreport08.unilever.com/financial_statements/further_nv.htm

H.R. Nicholls Society: Tenth Anniversary Conference: Beyond ...... in reality, an employee-employee relationship, where one group of employees are accorded special controlling rights over another group of employees in ...
www.hrnicholls.com.au/archives/vol17/vol17-10.php

Corporate mergers and takeovers: lessons from the UK28 Jul 1998 ... of employee representatives to influence or even veto key decisions and the issuing of priority shares with special controlling rights. ...
www.eurofound.europa.eu/eiro/1998/07/feature/uk9807136f.htm




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Note added at 1 hr (2009-04-23 09:44:45 GMT)
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InvestEgate, Petrol AD - Final ResultsPetrol AD does not have shareholders with special controlling rights. Petrol AD did not grant any options over the shares in favour of the members of the MB ...
www.investegate.co.uk/Article.aspx?id=200705210830509232W

Juridisch lexicon = The legal lexicon - Google Books Resultby A. van den End - 2008 - Foreign Language Study - 860 pages
... bijzondere ~ special controlling rights ...
books.google.com/books?isbn=9073489148...

Selected response from:

xxxjarry
South Africa
Local time: 08:51
Grading comment
Many thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1special control rights
Chris Hopley
4special controlling rightsxxxjarry


  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
special control rights


Explanation:
I think you're essentially right with 'special control'. Compare the Dutch and English versions of art. 10 (1) of DIRECTIVE 2004/25/EC, for example.

NL -> "d) de houders van effecten waaraan bijzondere zeggenschapsrechten verbonden zijn, en een beschrijving van deze rechten;"
-> EN "(d) the holders of any securities with special control rights and a description of those rights;"



    Reference: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2...
    Reference: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2...
Chris Hopley
Netherlands
Local time: 08:51
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 87

Peer comments on this answer (and responses from the answerer)
agree  solejnicz
52 mins
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
special controlling rights


Explanation:
Despite the EU's translation I believe it should be special 'controlling' rights, a term well introduced and accepted in Dutch accounting circles.
See the link below of a book by Professor Hans Beckman I translated when I was employed by one of the 'Big Four' business services firms.
http://books.google.com/books?id=lkRx66fVZ4cC&pg=PA117&lpg=P...

Further statutory and other information Unilever N.V. - Financial ...Special controlling rights under the Articles of Association See note 22 to the consolidated accounts. Auditors A resolution will be proposed at the Annual ...
annualreport08.unilever.com/financial_statements/further_nv.htm

H.R. Nicholls Society: Tenth Anniversary Conference: Beyond ...... in reality, an employee-employee relationship, where one group of employees are accorded special controlling rights over another group of employees in ...
www.hrnicholls.com.au/archives/vol17/vol17-10.php

Corporate mergers and takeovers: lessons from the UK28 Jul 1998 ... of employee representatives to influence or even veto key decisions and the issuing of priority shares with special controlling rights. ...
www.eurofound.europa.eu/eiro/1998/07/feature/uk9807136f.htm




--------------------------------------------------
Note added at 1 hr (2009-04-23 09:44:45 GMT)
--------------------------------------------------

InvestEgate, Petrol AD - Final ResultsPetrol AD does not have shareholders with special controlling rights. Petrol AD did not grant any options over the shares in favour of the members of the MB ...
www.investegate.co.uk/Article.aspx?id=200705210830509232W

Juridisch lexicon = The legal lexicon - Google Books Resultby A. van den End - 2008 - Foreign Language Study - 860 pages
... bijzondere ~ special controlling rights ...
books.google.com/books?isbn=9073489148...



xxxjarry
South Africa
Local time: 08:51
Specializes in field
Native speaker of: English
PRO pts in category: 237
Grading comment
Many thanks!
Login to enter a peer comment (or grade)




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Changes made by editors
Apr 30, 2009 - Changes made by xxxjarry:
Edited KOG entrykatiebeb's old entry - "bijzondere zeggenschap" => "special controlling rights"
Apr 23, 2009 - Changes made by writeaway:
FieldOther => Bus/Financial


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