12:08 Jan 6, 2011 

whether it is "oferta de adquisición" or "oferta de venta".

23:07 Jan 5, 2011 

"Otorgo mandato irrevocable a Banco Xxx para que acuda por mi cuenta y orden a la oferta pública de instrumentos financieros denominados en Dólares delos Estados Unidos..." [this is the context, thank you for your participation :)]

22:47 Jan 5, 2011 

1. "oferta pública de adquisición" (OPA), i.e. a tender offer to buy securities (what is called a "takeover bid" in EU law, even if it is not for control). In this case, holders of the "securities" would "acudir", i.e. accept the bid.

2. "oferta pública de venta", i.e. a public offering of securities, which may be primary (OPS) or secondary (OPV). In this case, "acudir" means subscribe for/buy the securities.

However, the fact that the clients are authorising a bank to "acudir" suggests to me that we are in case 1.

21:37 Jan 5, 2011 

Please give us the first paragraph, where the purpose of the authorization is stated.