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omstøtelige forhold

English translation: voidable

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:omstøtelige
English translation:voidable
Entered by: Lexi-tech

20:56 Dec 6, 2002
Norwegian to English translations [PRO]
Bus/Financial / Bankruptcy
Norwegian term or phrase: omstøtelige forhold
Trustee's report on a bankruptcy: investigates whether an "omstøtelige forhold" exists. Since in this case "ikke funnet grunnlag for å anmerke o.f.", the context was no help.
Lexi-tech
Local time: 04:55
voidable
Explanation:
Omstøtelig is translated "voidable".

The Norwegian Bankruptcy Act states as follows:

§ 38. Omstøtelse.

Dersom skyldnerens disposisjoner er omstøtelige etter lov om fordringshavernes dekningsrett kapittel 5, kan omstøtelseskravet gjøres gjeldende av gjeldsnemnda.

Akkorden kan i akkordforslaget gjøres betinget av at søksmål til omstøtelse av skyldnerens disposisjoner skal anlegges eller fortsettes for skyldnerens regning etter gjeldsnemndas eller tilsynsmannens nærmere bestemmelse.

Hope this is of some help.


--------------------------------------------------
Note added at 2002-12-07 10:14:10 (GMT)
--------------------------------------------------

Ronald Craig (Stor N-E Juridisk Ordbok) translates \"omstøtelse\" as \"avoidance\" (of a transaction) in bankruptcy law.
Selected response from:

Richard Lawson
Local time: 11:55
Grading comment
Thanks for your most enlightening reply. The asker was away from this task for two days and only got back to it today, hence the delay.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3voidable
Richard Lawson
3situation or transaction that could have prevented or avoided the banckrupsy
Tore Bjerkek
1reference below
zebung


  

Answers


54 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5
reference below


Explanation:
check out the reference, section 3.1

HTH because I'm not sure.


    Reference: http://www.konkursradet.no/art/?id=8
zebung
Local time: 11:55
Native speaker of: Native in EnglishEnglish, Native in SwedishSwedish
PRO pts in pair: 30
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +3
voidable


Explanation:
Omstøtelig is translated "voidable".

The Norwegian Bankruptcy Act states as follows:

§ 38. Omstøtelse.

Dersom skyldnerens disposisjoner er omstøtelige etter lov om fordringshavernes dekningsrett kapittel 5, kan omstøtelseskravet gjøres gjeldende av gjeldsnemnda.

Akkorden kan i akkordforslaget gjøres betinget av at søksmål til omstøtelse av skyldnerens disposisjoner skal anlegges eller fortsettes for skyldnerens regning etter gjeldsnemndas eller tilsynsmannens nærmere bestemmelse.

Hope this is of some help.


--------------------------------------------------
Note added at 2002-12-07 10:14:10 (GMT)
--------------------------------------------------

Ronald Craig (Stor N-E Juridisk Ordbok) translates \"omstøtelse\" as \"avoidance\" (of a transaction) in bankruptcy law.


    Reference: http://www.lovdata.no/cgi-wift/wiftldsok?base=nl&emne=&titt=...
Richard Lawson
Local time: 11:55
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1147
Grading comment
Thanks for your most enlightening reply. The asker was away from this task for two days and only got back to it today, hence the delay.

Peer comments on this answer (and responses from the answerer)
agree  Tara Chace: "voidable" is also confirmed by Craig's Stor Norsk-Engelsk Juridisk Ordbok
8 hrs
  -> Thank you Both Chaffey & Walford and Lind also give "voidable". Craig translates "omstøtelse" as "avoidance" in bankruptcy law.
agree  Vedis Bjørndal
9 hrs
agree  Hege Jakobsen Lepri
2 days 1 hr
Login to enter a peer comment (or grade)

2 days 1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
situation or transaction that could have prevented or avoided the banckrupsy


Explanation:
Ronald L. Craig, Stor Norsk-Engelsk juridisk ordbok, Universiteteforlaget, defines «omstøtelse» as «avoidance» (of a transaction) in Bankruptcy law.
(In Family Law it is interpreted as annulment but this form is no longer recognized in Norway as all marriages must be terminated in the ordinary way of separation/divorce)

I read this as: could the bankruptcy have been avoided if some (causative) action had not taken place.

A bank's recall of a loan could in some cases be claimed as «omstøtelig forhold» if the bank knew of the risk when it lent the money and the action directly led to the bankruptcy of the borrower.


Tore Bjerkek
Canada
Local time: 05:55
Native speaker of: Native in NorwegianNorwegian
PRO pts in pair: 807
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