vorläufigen (schwachen) insolvenzverwalter

10:49 Oct 3, 2013
German to English translations [PRO]
Law/Patents - Law (general) / Insolvency proceedings
German term or phrase: vorläufigen (schwachen) insolvenzverwalter
what is meant by "schwach" in this case?
the context is Zum vorläufigen (schwachen) insolvenzverwalter wurde ebenfalls der anzeigeerstatter ernannt.
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Thank you.
Sarah Michel
United Kingdom
Local time: 08:40


Summary of answers provided
4a "weak" preliminary insolvency administrator
Ellen Kraus
3interim (non-controlling and non-managing) insolvency administrator
Adrian MM. (X)
2"weak" temporary liquidator
Sebastian Witte
Summary of reference entries provided
schwacher Insolvenzverwalter
Ellen Kraus

Discussion entries: 2





  

Answers


22 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
interim (non-controlling and non-managing) insolvency administrator


Explanation:
schwacher: the insolvency administrator doesn't take control of the debtor's assets: the debtor is allowed to stay in charge of the insolvent business cf. propular Dallas bankruptcies filed in the US.

starker: the insolvency practitioner takes over as a manager and receiver.





Example sentence(s):
  • Inwieweit ein »schwacher« vorläufiger Insolvenzverwalter im Hinblick auf ..... werden analog § 240 ZPO durch das Insolvenzverfahren unterbrochen. www.rechtspflegerforum.de › Fachliches › Zivilrecht‎
  • nach dem Wortlaut des § 240 ZPO findet eine Unterbrechung nur statt, wenn ... wirksam sind (so genannter „schwacher Insolvenzverwalter“).

    Reference: http://books.google.at/books?id=K4HLmyCdKQwC&pg=PA161&lpg=PA...
Adrian MM. (X)
Local time: 09:40
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 790
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
a "weak" preliminary insolvency administrator


Explanation:
blog.dlapiper.com/.../German_Insolvency_Booklet....‎
29.05.2000 - “weak” or “strong”. When the court appoints a “weak” preliminary insolvency administrator the debtor remains in charge and in possession.

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Note added at 1 Stunde (2013-10-03 12:10:52 GMT)
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www.luther-services.com/download...en/230.pdf
28.04.2009 - whether a preliminary insolvency administrator has (already) been appointed. If so, is this a. “weak” or a “strong” preliminary insolvency.

Ellen Kraus
Austria
Local time: 09:40
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 312

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: wouldn,t "limited" be a more natural word?; "weak" implies the man cannot do his job properly
9 hrs
  -> the quotation marks are meant to avoid the impression of weakness, see my resp. links.
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7 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
"weak" temporary liquidator


Explanation:
i.e. one without power of transfer, which is the norm in practice.

Well, maybe I really just want to tell the world that I, too, do insolvency law with this? Pretty literal as a translation and a bit inaccurate at that as it does not necessarily have to be liquidation the debtor is facing. They might survive the insolvency (this is called reorganisation/Sanierung).

So why on earth am I posting this? The reason why is: RWS Verlag uses this for vorläufiger schwacher Insolvenzverwalter in one of its synoptic translations (from a 2007 book). And these guys are the # 1 provider on the German insolvency law literature market.

Liquidation means the entity (Rechtsträger) comes to an end and obviously operation ceases. This is why I really have a doubt about whether this translation would fly at all.


Sebastian Witte
Germany
Local time: 09:40
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 46

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: wouldn't "limited" be a more natural word? "weak" implies the man cannot do his job properly
3 hrs
  -> Good point.
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Reference comments


1 hr
Reference: schwacher Insolvenzverwalter

Reference information:
Legt das Insolvenzgericht im Eröffnungsverfahren dem Schuldner ein allgemeines Verfügungsverbot auf, muss es einen sog. starken vorläufigen Insolvenzverwalter bestellen. Sieht das Insolvenzgericht jedoch von einem Verfügungsverbot ab und ordnet es nur an, dass Verfügungen des Schuldners nur mit Zustimmung eines vorläufigen Insolvenzverwalters wirksam sind, ist dieser ein sog. schwacher vorläufiger Insolvenzverwalter.

Ellen Kraus
Austria
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 312
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