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comfort letter

Swedish translation: stödbrev


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:comfort letter
Swedish translation:stödbrev
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13:30 May 13, 2009
English to Swedish translations [PRO]
Law/Patents - Law: Contract(s)
Additional field(s): Law (general)
English term or phrase: comfort letter
Definition from www.businessballs.com:
Document issued to back up an agreement but which does not have any contractual standing. They are often issued by a parent or associate company stating that the group will back up the position of a small company to improve its trading position. They always state that they are not intended to be legally binding. Also known as letters of comfort.

Example sentence(s):
  • You should never give that comfort letter to a seller until after you sign the contract. Why not? If, for example, you are negotiating the sales price, and the seller learns from the comfort letter that you can qualify for a higher purchase price than you are offering, the seller may not be so inclined to negotiate the sales price down. Realty Times
  • The appellants duly provided the comfort letter from their bank in the time specified and on 25 March the respondents confirmed that, subject to contract, they agreed to the sale of the property and the shares in the company to the appellants for £2m. Academic Answers
  • The presentation of a Full Corporate Offer (FCO) is always contingent to the presentation of the Buyer’s Letter of Intent (LOI) containing full banking coordinates and explicit authorization for soft probe. In addition the Buyer must present the Bank Comfort Letter (BCL). Four Seasons Asia Pacific Ltd.
Glossary-building KudoZ




This question was created by:
 Enrique
Argentina


This question is closed

stödbrev
Definition:
Stödbrev (eller letter of comfort) är ett åtagande från någon att verka för en viss sak, dock utan legal förpliktelse.
Selected response from:

Annika Hedqvist
Sweden
Grading comment
4 KudoZ points were awarded for this answer



Summary of translations provided
3 +2stödbrev
Annika Hedqvist


  

Translations offered


13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
stödbrev


Definition from DokuMera:
Stödbrev (eller letter of comfort) är ett åtagande från någon att verka för en viss sak, dock utan legal förpliktelse.

Example sentence(s):
  • Ersättning till aktieägare för ansvarsförbindelse i form av borgen, stödbrev och liknande får inte dras av i näringsverksamhet om ansvarsförbindelsen föranletts av intressegemenskap. - Skatteverket  
  • Denna uppsats redogör för betydelsen av och problematiken kring stödbrev i avtalsförhållanden. Framförallt sätts stödbrev in i kontexten moderbolag – dotterbolag. Syftet är att kunna peka på generella riktlinjer vid bedömningen av en sådan rättshandling. - Uppsats.se  
Annika Hedqvist
Sweden
Local time: 00:00
Native speaker of: Native in SwedishSwedish
PRO pts in category: 4

Votes in favor of/against selecting this as the best translation of the term asked
Yes  xxxTransActa : Agree Ref. Master's thesis Lund University http://biblioteket.ehl.lu.se/olle/papers/0002950.pdf
60 days
Yes  Pia Maljanen
147 days
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