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  3. Law: Contract(s)

cuenta en participación

English translation: joint venture

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:cuenta en participación
English translation:joint venture
Entered by: Michael Powers (PhD)

12:42 Jan 9, 2008
Spanish to English translations [PRO]
Law/Patents - Law: Contract(s)
Spanish term or phrase: cuenta en participación
This contract has been drawn up for investing a sum of money in a solar farm project. Here is the whole sentence:

"En virtud del presente Contrato el Partícipe se compromete a aportar un capital total de XXXX en concepto de CUENTA EN PARTICIPACIÓN en el Proyecto recogido en el Anexo I (en adelante “la Aportación”), el cual ha sido desarrollado por el Gestor."

Normally I would translate "cuenta en participación" as "joint account" (and there are two people investing the money here), but as they are the "Partícipe" or stakeholder in the project, shouldn't the translation of "cuenta en participación" indicate that it is an investment or stake in a project? What is this type of account called, in your experience? I want to be careful with uses of "share account" or "stakeholder account" and not to use them inaccurately. Or should it just be "joint account"? Many thanks for your help!
Sharon Black
United Kingdom
Local time: 01:35
contractual joint venture
Explanation:
Mike :)

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Note added at 5 mins (2008-01-09 12:47:54 GMT)
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Thomas L. West, III. Spanish-English Dictionary of Law and Business.

"cuenta en participación: contractual joint venture"

In addition, it seems to fit the meaning in your context.

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Note added at 1 day7 hrs (2008-01-10 20:11:39 GMT) Post-grading
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Our pleasure, Sharon - Mike :)
Selected response from:

Michael Powers (PhD)
United States
Local time: 20:35
Grading comment
Thanks to all for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3contractual joint venture
Michael Powers (PhD)


Discussion entries: 2





  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
contractual joint venture


Explanation:
Mike :)

--------------------------------------------------
Note added at 5 mins (2008-01-09 12:47:54 GMT)
--------------------------------------------------

Thomas L. West, III. Spanish-English Dictionary of Law and Business.

"cuenta en participación: contractual joint venture"

In addition, it seems to fit the meaning in your context.

--------------------------------------------------
Note added at 1 day7 hrs (2008-01-10 20:11:39 GMT) Post-grading
--------------------------------------------------

Our pleasure, Sharon - Mike :)

Michael Powers (PhD)
United States
Local time: 20:35
Meets criteria
Specializes in field
Native speaker of: English
PRO pts in category: 980
Grading comment
Thanks to all for your help!

Peer comments on this answer (and responses from the answerer)
agree  Graciela Vicente
2 mins
  -> Thank you, gracie - Mike :)
agree  Adrian MM. (X): by way of joint venture - contractual is understood.
4 hrs
  -> Good point, Tom - Mike :)
agree  Nelida Kreer: Mike: It does fit the context, and also Tom is right, just JV is enough. Also, see my note to asker. Regards.
4 hrs
  -> Thank you, Niki-K- Mike :)
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