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wirtschaftlich / dinglich

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15:35 Aug 29, 2006
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: wirtschaftlich / dinglich
From a German stock purchase agreement:

Die Übertragung der Aktien erfolgt *wirtschaftlich und dinglich* mit Wirkung zum Ablauf des letzten Tages des Kalendermonats...

Can someone confirm that the phrase in asterisks would be "beneficially and with effect in rem," i.e.

The shares are transferred *beneficially and with effect in rem* as of the end of the last day of the calendar month...

If that's wrong, what would the correct translation be?

Thanks in advance!
Daina Jauntirans
Local time: 06:32
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Summary of answers provided
3financially and actually/formally
Mårten Sandberg


  

Answers


50 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
financially and actually/formally


Explanation:
"from a financial point of view and..."
I would say; I don´t see how beneficially could be the best choice for wirtschaftlich here. Beneficially to whom? No, wirtschaftlich is a neutral word here and in that sense.

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Note added at 1 hr (2006-08-29 17:05:53 GMT)
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I still think financially or similar would work here

Mårten Sandberg
Local time: 13:32
Works in field
Native speaker of: Swedish
Notes to answerer
Asker: Beneficial in the sense of "beneficial ownership"

Asker: See: http://www.investorwords.com/459/beneficial_ownership.html

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Changes made by editors
Aug 18 - Changes made by Steffen Walter:
Field (write-in)Securities » (none)


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