alienar fiduciariamente

English translation: settle on and into trust

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:alienar fiduciariamente
English translation:settle on and into trust
Entered by: Adrian MM.

18:55 Feb 4, 2020
Portuguese to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Portuguese term or phrase: alienar fiduciariamente
In the following:

No âmbito da parceria celebrada entre a X com o Banco Y S.A., foram alienadas fiduciariamente para o Banco Y, 500 ações ordinárias de emissão da Companhia e de titularidade de alguns dos acionistas controladores,

Thanks!
judith ryan
Brazil
Local time: 23:04
settle on and into trust
Explanation:
Literally: dispofe of and transfer into a trust.

vs. a strict family settlement - in English law - tying up land into future generations
Selected response from:

Adrian MM.
Austria
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4to divest in a fiduciary form
MARCOS BAZILIO
4finance by chattel mortgage
Gilmar Fernandes
4dispose of by means of trust receipt
Mario Freitas
4grant of an equitable pledge/equitable security interest
Mark Robertson
3settle on and into trust
Adrian MM.
Summary of reference entries provided
alienação fiduciária (em garantia)
Mark Robertson

Discussion entries: 11





  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
to divest in a fiduciary form


Explanation:
I think this is appropriate.

MARCOS BAZILIO
Brazil
Local time: 23:04
Specializes in field
Native speaker of: Native in PortuguesePortuguese
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38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
finance by chattel mortgage


Explanation:
There are some examples in older Kudoz answers and also on Linguee.
Unfortunately, I’m unable to post link to these at the moment.

Gilmar Fernandes
United States
Local time: 22:04
Specializes in field
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 290
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
settle on and into trust


Explanation:
Literally: dispofe of and transfer into a trust.

vs. a strict family settlement - in English law - tying up land into future generations

Example sentence(s):
  • A lifetime transfer of assets into a discretionary trust is a ‘chargeable lifetime transfer’. It can immediately trigger a charge of 20% on the amount settled in excess of the client’s nil-rate band, which could deter many clients-

    Reference: http://octopusinvestments.com/adviser/adviser-centre/documen...
    Reference: http://eng.proz.com/kudoz/english-to-spanish/law-general/540...
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
Grading comment
thanks
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
dispose of by means of trust receipt


Explanation:
https://www.google.com.br/search?biw=967&bih=737&sxsrf=ACYBG...

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Note added at 5 hrs (2020-02-05 00:49:44 GMT)
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No entanto, basta pesquisar a definição de "Alienação Fiduciária" e de "Trust Receipt" para ver que são exatamente a mesma coisa.

Mario Freitas
Brazil
Local time: 23:04
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 176
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
grant of an equitable pledge/equitable security interest


Explanation:
Neste caso há uma transferência de 500 ações na sociedade X ao Banco Y pelos acionistas principais da sociedade X para garantir as obrigações da sociedade X (o devedor) ao Banco Y (o credor), embora as ações permanecem na posse dos acionistas na qualidade de depositários fiduciários das mesmas.

The equivalent situation in the US or UK involves the grant to Y bank of a security interest in (US) or pledge of (UK) the shares in X by its shareholders to secure X's indebtedness to Y. As actual possession of the shares does not pass to the bank, the pledge is termed an equitable security interest (US) or equitable pledge (UK).

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Note added at 4 hrs (2020-02-04 23:39:50 GMT)
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https://www.lexology.com/library/detail.aspx?g=934a0856-7fcb...


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Note added at 13 hrs (2020-02-05 08:27:41 GMT)
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I have excluded non-possessory or equitable lien as a possible answer because pledge is the standard term for an inter partes security transaction of shares and because a non-possessory or equitable lien is almost always a court-imposed remedy rather than a type of contract.

Mark Robertson
Local time: 02:04
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84
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Reference comments


4 hrs
Reference: alienação fiduciária (em garantia)

Reference information:
(...) é a operação pela qual se transfere ao credor o domínio resolúvel e a posse indireta da coisa móvel alienada, independentemente da tradição efetiva do bem, tornando-se o alienante ou devedor em possuidor direto e depositário, com todas as responsabilidades e encargos civis e penais.

Vocabulário Jurídico De Plácido e Silva, 28ª Edição, pág. 94

Mark Robertson
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84
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