labour creditors

Serbo-Croat translation: radnici poverioci / potraživanja radnika

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:labour creditors
Serbo-Croat translation:radnici poverioci / potraživanja radnika
Entered by: Tamara Vlahovic Sanovic

16:52 Jun 12, 2013
English to Serbo-Croat translations [PRO]
Bus/Financial - Business/Commerce (general) / Insolvency
English term or phrase: labour creditors
labor creditors are superior to guaranteed creditors but with certain restrictions (in terms of time and amount); (iii) labor creditors come between dead securities and floating security; (iv) labor creditors do not enjoy any priority;

da li se labor creditors odnosi na potrazivanja zaposlenih u slucaju nesolventnosti poslodavaca?
Hvala puno
Tamara Vlahovic Sanovic
radnici poverioci / potraživanja radnika
Explanation:
"potraživanja radnika" je razumljivije, možda je bolje preokrenuti tekst i to koristiti umesto "radnici poverioci"

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Note added at 46 mins (2013-06-12 17:39:48 GMT)
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poverioci po osnovu rada ?
Selected response from:

Daryo
United Kingdom
Local time: 14:16
Grading comment
hvala puno
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1radnici poverioci / potraživanja radnika
Daryo
Summary of reference entries provided
labour creditors
Daryo

  

Answers


45 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
radnici poverioci / potraživanja radnika


Explanation:
"potraživanja radnika" je razumljivije, možda je bolje preokrenuti tekst i to koristiti umesto "radnici poverioci"

--------------------------------------------------
Note added at 46 mins (2013-06-12 17:39:48 GMT)
--------------------------------------------------

poverioci po osnovu rada ?

Daryo
United Kingdom
Local time: 14:16
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 12
Grading comment
hvala puno

Peer comments on this answer (and responses from the answerer)
agree  Miomira Brankovic: potraživanja zaposlenih, http://www.overa.rs/potrazivanja-zaposlenih-od-poslodavaca-n...
3 hrs
  -> Хвала!
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Reference comments


40 mins
Reference: labour creditors

Reference information:
What weight is placed on employee or labour concerns in Latin America bankruptcy cases? How does this compare to the situation in the US and Europe, for example?
-- Beller: In Argentina, labour credits are privileged and are grouped in a separate category in an insolvency proceeding. The recent amendment of Law 24,522 increased the rights of the labour creditors, requiring prompter payment of amounts due, a greater involvement of the receiver in labour related matters, and the ability to pursue collection before the labour courts instead of the bankruptcy court, among other matters.
-- Bloom: We often advise creditor clients that this is perhaps one of the most striking differences in the priority of claims in the US and Latin America. In the US, employee wage claims do have priority over some other claims, but their priority is limited to $10,000. On the other hand, in Latin America, employee claims have much higher priority than in the US and there is often no statutory limit on the amount entitled to priority. Furthermore, many Latin American employees are entitled to statutory severance pay, vacation pay, and a ‘thirteenth month’ salary, which is a statutory annual bonus paid at the end of the calendar year. The size and priority of these statutory wage claims are deeply rooted in the constitutions of many Latin American countries, which typically provide a constitutional ‘right to work’ and a right to be paid for that work. While wages in Latin America may generally be less than in the US or Europe, these claims can still be substantial if the debtor is involved in a labour-intensive industry or has a significant number of employees that have been employed with the debtor for a long time. In some instances, the sheer weight of employee claims can preclude a successful restructuring, or at the very least, give unions a lot of leverage in the case. This may not come as much of a surprise to European creditors, who are often more accustomed to substantial statutory claims by employees ....

[http://www.gtlaw.com/portalresource/lookup/wosid/contentpilo... p.5-6]

Daryo
United Kingdom
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 12
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