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almejas al natural
contraportada en espejo
Jan 23, 2020 15:34
4 yrs ago
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Spanish term

Derecho de Asuncion Adicional

Spanish to English Law/Patents Law: Contract(s)
Se trata de un incremento en el capital social de una compania, en una nueva ronda de financiamiento. He leido en otras oportunidades sobre el Derecho de Asuncion Preferente, pero no el de Asuncion Adicional. Necesito traducirlo al ingles.

Aqui un extracto del texto:

"el derecho de asunción adicional de la presente cláusula abarca el total de derecho de asunción preferente de los Socios Inversores, incluyendo el propio derecho de asunción legal como socio de la Sociedad."
Proposed translations (English)
4 additional pre-emptive right
3 Right of Additional /Rights /Take-Up ('Subscription')

Proposed translations

20 hrs
Selected

additional pre-emptive right

The pre-emptive right entitles shareholders to subscribe for new stock in the same proportion as their existing interest in the company's equity, so as to avoid dilution. However, where one or more shareholders decided not to exercise that right in a rights issue, then there are spare shares that have not been subscribed. I understand this "derecho … adicional" as meaning that the other shareholders are entitled to subscribe for those remaining shares. So it's their second bite at the cherry, hence the "adicional"
Reference:

https://www.boe.es/borme/dias/2008/02/18/pdfs/R05023-05023.pdf

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4 KudoZ points awarded for this answer. Comment: "Muchas gracias"
1 hr

Right of Additional /Rights /Take-Up ('Subscription')

.... de la presente cláusula abarca el total de derecho de asunción preferente: in this Clause covers the entire pre-emptive right...

The context has echoes of a 'rights vs. bonus (free-issue), scrip or capitalis/zation issue' on a share capital increase - I studied only the latter on my ENG co. law course many years ago.

Subscription may also work, but 'adoption' unusually doesn't in this context.

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Note added at 6 days (2020-01-30 14:21:10 GMT) Post-grading
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https://eng.proz.com/kudoz/english-to-spanish/finance-genera...
Example sentence:

What is Right Issue? These are the shares issued by the company with the purpose of increasing the subscribed share capital of the company through an additional issue.

Also, one must not *take up the rights* if the share price has fallen below the subscription price as it may be cheaper to buy the shares in the open market.

Reference:

http://www.proz.com/kudoz/spanish-to-english/law-general/3099752-derecho-de-asunción-preferente.html

http://www.wallstreetmojo.com/right-issue-vs-bonus-issue/

Peer comment(s):
neutral John Rynne : Not sure I understand your answer(s). Right of additional what?
15 hrs
I think it's a take-up in a rights issue - the mechanics of which that seems to have everyone stumped. www.fool.co.uk/investing-basics/how-the-stock-market-works/...
neutral AllegroTrans : I find your answer jumbled
20 hrs
I think it's a take-up in a rights issue - the mechanics of which that seems to have everyone stumped. www.fool.co.uk/investing-basics/how-the-stock-market-works/...
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