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|Spanish to English translations [PRO]|
Law/Patents - Business/Commerce (general)
|Spanish term or phrase: perder en beneficio de la Nación Mexicana la participación social|
|QUINTO.-Todo extranjero que en la constitución de la sociedad o en cualquier tiempo ulterior sea socio de la misma se obliga formalmente con la Secretaría de Relaciones Exteriores a considerarse como nacional respecto de las partes sociales que adquiera o de que sea titular, así como de los bienes, derechos, concesiones, participaciones o intereses de que la sociedad sea titular, o bien de los derechos y obligaciones que deriven de los contratos en que la sociedad sea parte con autoridades mexicanas y a no invocar, por lo mismo, la protección de su gobierno, bajo la pena en caso contrario, de perder en beneficio de la Nación Mexicana la participación social que hubiere adquirido.|
Any foreign national who is a shareholder of the company at the time of its incorporation or at any subsequent stage is formally obliged with the Secretariat of Foreign Relations to be considered a national with respect of any company shares acquired or of which the foreign national is the holder, as well as any property, rights, grants, shares or interests of which the company is the holder, or of the rights and obligations derived from contracts the company has with Mexican authorities and to not invoke, for that reason, the protection of its government...
Thanks in advance
|under penalty of forfeiting any partnership shares ( ) the Mexican Nation|
You will have to unravel this and restructure the sentence, but I offer the following example taken from one of my own translations. The language is not exactly the same but it is similar.
ARTICLE FIVE.- Any current or future alien partners of the partnership are formally agreeing with the Secretariat of Foreign Relations to consider themselves to be Mexicans with respect to any partnership shares in the Partnership they may acquire or own, as well as any property, rights, concessions, shares or interests which may be owned by the partnership and any rights and obligations arising from any contracts to which the Partnership is a party, and not to claim thereby any protection from their own Government, under penalty of forfeiting all rights and property they may have acquired to the Nation if otherwise. –
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Local time: 13:10
|A very helpful answer - thank you very much Henry. Thanks also Nazaret - your answer was also very much appreciated!|
4 KudoZ points were awarded for this answer
2 mins confidence: peer agreement (net): +4