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assuntore del concordato

English translation: official assignee/assumptor

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:assuntore del concordato
English translation:official assignee/assumptor
Entered by: simon tanner

15:30 Jan 13, 2008
Italian to English translations [PRO]
Law/Patents - Business/Commerce (general) / insolvency proceedings
Italian term or phrase: assuntore del concordato
From an academic paper on insolvency proceedings:
L’intervento di un terzo è possibile anzitutto nella veste di garante del concordato, prestando ogni forma di garanzia (personale o reale, tipica o atipica) appetibile per i creditori, ovvero di sovventore del fallito, fornendo cioè direttamente a costui i mezzi finanziari occorrenti a coprire il fabbisogno. Tuttavia, la figura più importante e diffusa è quella dell’***assuntore del concordato***, il quale, nel concordato preventivo, deve formulare la proposta d’intesa con il debitore, mentre, nel concordato fallimentare, può agire di propria iniziativa e anche contro la volontà di esso.

I realise that this term has been posted in the past (http://www.proz.com/kudoz/184193), but the translation offered (assignee under agreement) does not seem to fit the bill at all (the only google hit this answer got was itself, and the idea of arrangement/composition should probably be included in the translation).
Any ideas (or better still, an 'official' translation of the term)?
simon tanner
Italy
Local time: 06:12
official assignee
Explanation:
It could be the official assignee, or third-party assignee.

I did, however, find it translated in the Parmalat website as "assumptor for the composition with creditors". Not sure about this though.
Selected response from:

Juliet Halewood (X)
Local time: 06:12
Grading comment
Thanks for the suggestions Jules. After a bit of a look around, I'm beginning to think that assumptor may actually be the best option (although new to me, I must admit), since assumption is used when talking of taking on others' obligations and debts
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2official assignee
Juliet Halewood (X)


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
official assignee


Explanation:
It could be the official assignee, or third-party assignee.

I did, however, find it translated in the Parmalat website as "assumptor for the composition with creditors". Not sure about this though.


    Reference: http://www.answers.com/topic/assignment-for-benefit-of-credi...
Juliet Halewood (X)
Local time: 06:12
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks for the suggestions Jules. After a bit of a look around, I'm beginning to think that assumptor may actually be the best option (although new to me, I must admit), since assumption is used when talking of taking on others' obligations and debts

Peer comments on this answer (and responses from the answerer)
agree  James (Jim) Davis: Assumptor, Thanks for the after thought Juliet. http://consusgroup.com/previews/268197/
387 days
agree  oresterome: "assignee in insolvency" would perhaps be a better solution
4071 days
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