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droit de suite

English translation: residual rights

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15:12 Oct 15, 2011

French to English translations [PRO]
Bus/Financial - Law: Contract(s) / Shareholders' Agreement

French term or phrase: droit de suite

We have "droit de sortie totale" as a previous clause, which I am translating as "tag-along rights".

I see from previous ProZ reference "piggy back rights", but this seems to be synonymous with "tag-along rights"

Can anyone differentiate these two please?

Article 7 Droit de suite
Dans l’hypothèse où le Groupe Majoritaire aurait cessé, de quelque manière que ce soit, de détenir le Contrôle de la Société, immédiatement ou de manière différée (ci-après dénommé "Cession de Contrôle"), ou détiendrait moins de 50% du capital de la Société à la suite d'une quelconque opération (ci-après dénommée "Opération de Cession") alors que les membres du Groupe Investisseur auraient dans les 12 mois précédents, procédé au Transfert de tout ou partie de leurs Valeurs Mobilières, les membres du Groupe Investisseur bénéficieront d’un droit de suite.

fourth KudoZ activity Questions: 137 (none open) (11 closed without grading) Answers: 948 France
Local time: 20:33

English translation:residual rights

Explanation:
see link

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Note added at 2 hrs (2011-10-15 17:54:19 GMT)
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I understand that "droit de suite" seems to apply mostly in the case of artists, etc., but in this particular case could not the Investors have "residual" rights in the event the "Groupe Majoritaire" has lost controle? I don't know what the nature of the enterprise is here, but it still seems somewhat logical.

Selected response from:

Timothy Rake
Local time: 11:33

Grading comment

Thank you T.!
4 KudoZ points were awarded for this answer

Summary of answers provided

residual rights

Timothy Rake

right of continutation

AllegroTrans

resale rights

reeny

Discussion entries: 1

Answers

54 mins confidence:

resale rights

Explanation:
with regardsto the "tag along" and "piggyback" see below

http://law.academic.ru/6714/tag-along_rights

reeny
Local time: 20:33
Native speaker of:

English

Notes to answerer

Asker: Thank you Reeny. I think that is a fair reference and helps future readers

2 hrs confidence:

residual rights

Timothy Rake
Local time: 11:33
Works in field
Native speaker of:

English
PRO pts in category: 19

Grading comment

Thank you T.!

Notes to answerer

Asker: Hello Timothy! This area is a bit of a nightmare and I think that this might well be a good answer for authors' rights, copyright (and Bridge runs into 8 definitions!) And of course lawyers are not 100%

Asker: right to trace or follow property into the hands of a third person; mortgagee's right to attach the mortgaged property and have it sold to answer the mortgage debt into whoever's hands it may have passed; rights of persons entitled to a privilège (right to preferentail payment) to follow property; right of a secured creditor to take possession of the security even if in the possession of a third party...and ON and On!

2 days25 mins confidence:

right of continutation

Explanation:
perhaps....

Is there a right of continuation of participation rights in the ...
www.worker-participation.eu/.../Is-there-a-right-of-continu...
Is there a right of continuation of participation rights in the case of subsequent domestic mergers? For a period of three years the company resulting from ...
Lawriter - ORC - 3923.32 Right of family member to continue ...
codes.ohio.gov/orc/3923.32
... right to the continuation of the coverage under this section by continuing the original policy with the person who exercises the right of continuation designated ...
Ohio « COBRA Federal & State Regulations
basusacobra.wordpress.com/midwest/ohio/
(2) The employer shall notify the employee of the right of continuation at the time the employer notifies the employee of the termination of employment. ...
[PDF]

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Note added at 2 days26 mins (2011-10-17 15:38:44 GMT)
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'Scuse me

I'm not illiterate, just a bad typist
CONTINATION

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Note added at 2 days27 mins (2011-10-17 15:39:07 GMT)
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CONTINUATION

That's it

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Note added at 2 days36 mins (2011-10-17 15:48:07 GMT)
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I see no reason to recall your translation on my account.

AllegroTrans
United Kingdom
Local time: 19:33
Specializes in field
Native speaker of:

English
PRO pts in category: 226

Notes to answerer

Asker: Hello Mr O'Helpful. I sent this in this morning using "residual rights". From what I can see in Blacks, neither "continuation" nor "residual" have great legal meaning. Or am I wrong?

Asker: Too late, I just popped over to Sidney and pencilled in "continutation". I thought it was one of those legal-type words. Just checking me insurance cover. Oh dear.

Asker: Thank you Mr O'Helpful. It was a toss up. Really.

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Changes made by editors

Oct 16, 2011 - Changes made by writeaway:
Field	Law/Patents => Bus/Financial

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droit de suite

English translation: residual rights

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English translation: residual rights

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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