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be liable to be avoided

French translation: doit être évité

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14:42 Nov 20, 2013
English to French translations [PRO]
Law/Patents - Law: Contract(s) / Statuts
English term or phrase: be liable to be avoided
Phrase entière :

nor shall any such contract or any contract or arrangement entered into by or on behalf of the Company in which any Director is in any way interested, BE LIABLE TO BE AVOIDED, nor shall any Director so contracting or being so interested be liable to account to the Company for any profit realised by any such contract or arrangement by reason of such Director holding that office or of the fiduciary relation thereby established.

Merci.
Nathalie Ohana
United States
Local time: 08:06
French translation:doit être évité
Explanation:
nor shall any such contract [...] be liable to be avoided

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Note added at 14 mins (2013-11-20 14:56:34 GMT)
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en s'en tenant rigoureusement à la question; mais compte tenu du début de la phrase, il faut comprendre que la société n'est pas tenue de renoncer à ce genre de contrat.
Selected response from:

Françoise Vogel
Local time: 14:06
Grading comment
Merci.
4 KudoZ points were awarded for this answer

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Summary of answers provided
2doit être évité
Françoise Vogel
Summary of reference entries provided
conflict of interestDaryo

Discussion entries: 2





  

Answers


10 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
doit être évité


Explanation:
nor shall any such contract [...] be liable to be avoided

--------------------------------------------------
Note added at 14 mins (2013-11-20 14:56:34 GMT)
--------------------------------------------------

en s'en tenant rigoureusement à la question; mais compte tenu du début de la phrase, il faut comprendre que la société n'est pas tenue de renoncer à ce genre de contrat.

Françoise Vogel
Local time: 14:06
Works in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 277
Grading comment
Merci.
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Reference comments


3 days2 hrs
Reference: conflict of interest

Reference information:
there is a standard clause (with many variations) containing this term, about the potential conflict of interest if a director holds several positions, and what is tolerated or not:


A director
- may hold any other office or place of profit under the Company (other than the office of auditor) in conjunction with his office of director for such period and on such terms (as to remuneration and otherwise) as the directors may resolve
and
--- no director or intending director shall be disqualified by his office from contracting with the Company as vendor, purchaser or otherwise,

--- nor shall any such contract, or any contract or arrangement entered into by or on behalf of the Company in which any director is in any way interested, be liable to be avoided,

--- nor shall any director so contracting or being so interested be liable to account to the Company for any profit realised by any such contract or arrangement by reason of such director holding that office or of the fiduciary relation thereby established.
[http://www.wikinvest.com/stock/Prudential_Public_Limited_Com...]

Daryo
United Kingdom
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 175
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