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Anordnung der Geschäftsaufsicht

English translation: order or instruction to initiate company supervision

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Anordnung der Geschäftsaufsicht
English translation:order or instruction to initiate company supervision
Entered by: Steffen Walter
Options:
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00:32 Apr 28, 2001
German to English translations [PRO]
Bus/Financial - Law (general)
German term or phrase: Anordnung der Geschäftsaufsicht
Legal text, contract
Tanya Fox
Local time: 16:48
order or instruction to initiate company supervision
Explanation:
Also: ruling or directive
Selected response from:

Parrot
Spain
Local time: 01:48
Grading comment
Thank you very much!
4 KudoZ points were awarded for this answer

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Summary of answers provided
nadirectivegangels
namanagement supervision order
Vesna Zivcic
naorder or instruction to initiate company supervision
Parrot


  

Answers


2 hrs
order or instruction to initiate company supervision


Explanation:
Also: ruling or directive


    Muet-Sanders
Parrot
Spain
Local time: 01:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
Thank you very much!
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3 hrs
management supervision order


Explanation:
1. Im Rahmen des Sonderinsolvenzrechts des BWG können sowohl die Bankenaufsicht wie auch das Kreditinstitut – zur Vermeidung eines Konkurses – bei Gericht die Anordnung der Geschäftsaufsicht beantragen, sofern eine voraussichtlich behebbare Überschuldung oder Zahlungsunfähigkeit gegeben ist. Bei der vom Gericht angeordneten Geschäftsaufsicht geht die wesentliche Aufsichtskompetenz auf die (gerichtlich bestellte) Aufsichtsperson über bzw. können bestimmte Aufsichtsinstrumentarien nicht mehr eingesetzt werden. Die Geschäftsaufsicht stellt das Kreditinstitut in den "Schutz" vor den Gläubigern, insoweit sind alle Gläubigerforderungen gestundet und es liegt ein Fall des Tätigwerdens der Einlagensicherung vor. Ziel ist es, der Bank Zeit für eine Reorganisation und Sanierung zu geben und die Überschuldung oder Illiquidität zu beheben.

2. . Thus a German law of 1916 provided for avoidance of bankruptcy and executions by a procedure placing the debtor, upon his petition, under judicially supervised management. Similar procedures were introduced subsequently into the companies acts of South Africa and Australia and are now incorporated into the English Insolvency Act, 1986, as a new avenue of relief for debtors threatened with insolvency (administration orders procedure). ...
Austria reformed its composition act in 1982 by adding a preliminary procedure, resembling the old German management supervision order, to facilitate voluntary reorganization, especially refinancing.


    Britannica
Vesna Zivcic
Local time: 01:48
Works in field
Native speaker of: Croatian
PRO pts in category: 2
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6 hrs
directive


Explanation:
directive for the initiation of commercial control functions

gangels
Local time: 17:48
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 241
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Changes made by editors
Jun 3, 2009 - Changes made by Steffen Walter:
Edited KOG entry<a href="/profile/9424">Parrot's</a> old entry - "Anordnung der Geschaeftsaufsicht" » "order or instruction to initiate company supervision"
Jun 3, 2009 - Changes made by Steffen Walter:
Term askedAnordnung der Geschaeftsaufsicht » Anordnung der Geschäftsaufsicht
FieldLaw/Patents » Bus/Financial
Field (specific)(none) » Law (general)


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