droit de division

Russian translation: право разделения [имущественной] ответственности

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:droit de division
Russian translation:право разделения [имущественной] ответственности
Entered by: Oleg Lozinskiy

11:49 Oct 4, 2013
French to Russian translations [PRO]
Law/Patents - Law: Contract(s)
French term or phrase: droit de division
whether by virtue of the droit de division or otherwise, to require that any liability under the Finance Documents be divided or apportioned with any other person or reduced in any manner whatsoever
Natalie65 (X)
право разделения [(имущественной)] ответственности
Explanation:
*

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Note added at 11 мин (2013-10-04 12:00:56 GMT)
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Guarantors may be able to restrict liability by relying on the customary law defences of:

i) "droit de discussion" - whereby a creditor must have recourse to the assets of the principal debtor before the creditor has recourse to the property of the guarantor.

ii) "droit de division" - a creditor must divide the demand for the debt amongst the coguarantors in just proportions.

It is usual for a creditor to require a guarantor or guarantors to waive or abandon these "droits" when entering into a guarantee arrangement.
http://www.lexmundi.com/images/lexmundi/PracticeGroups/RealE...

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Note added at 17 мин (2013-10-04 12:06:14 GMT)
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RIGHT OF DIVISION, Scottish law. The right which each of several cautioners (sureties) has to refuse to answer for more than his own share of the debt. To entitle the cautioner to this right, the other cautioners must be solvent, and there must be no words in the bond to exclude it. 1 Bell's Com. 347, 5th ed.
http://legal-dictionary.thefreedictionary.com/Right of divis...
Selected response from:

Oleg Lozinskiy
Russian Federation
Local time: 14:15
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1право разделения [(имущественной)] ответственности
Oleg Lozinskiy


  

Answers


7 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
право разделения [(имущественной)] ответственности


Explanation:
*

--------------------------------------------------
Note added at 11 мин (2013-10-04 12:00:56 GMT)
--------------------------------------------------

Guarantors may be able to restrict liability by relying on the customary law defences of:

i) "droit de discussion" - whereby a creditor must have recourse to the assets of the principal debtor before the creditor has recourse to the property of the guarantor.

ii) "droit de division" - a creditor must divide the demand for the debt amongst the coguarantors in just proportions.

It is usual for a creditor to require a guarantor or guarantors to waive or abandon these "droits" when entering into a guarantee arrangement.
http://www.lexmundi.com/images/lexmundi/PracticeGroups/RealE...

--------------------------------------------------
Note added at 17 мин (2013-10-04 12:06:14 GMT)
--------------------------------------------------

RIGHT OF DIVISION, Scottish law. The right which each of several cautioners (sureties) has to refuse to answer for more than his own share of the debt. To entitle the cautioner to this right, the other cautioners must be solvent, and there must be no words in the bond to exclude it. 1 Bell's Com. 347, 5th ed.
http://legal-dictionary.thefreedictionary.com/Right of divis...

Oleg Lozinskiy
Russian Federation
Local time: 14:15
Specializes in field
Native speaker of: Native in RussianRussian
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Ilya Prishchepov
3 days 22 hrs
  -> Спасибо, Илья!
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