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Italian to English translations [PRO] Law/Patents - Law (general) / company law
Italian term or phrase:istituto
L’area del diritto di recesso e` sempre stata soggetta ad una disciplina assai restrittiva, in conseguenza
dell’atteggiamento diffidente del legislatore: se ne temevano gli effetti destabilizzanti sulla societa` e si
era propensi a scorgervi una minaccia alla garanzia generica dei creditori, donde sul piano pratico, la
scarsa utilita` dell’istituto.
Nella recente riforma, venuta meno la diffidenza, il quadro normativo e` notevolmente cambiato: per la
prima volta e` contemplata una disciplina diversa per le societa` per azioni e per le societa` a responsabilita`
limitata, oltre ad essere stata inserita una specifica norma dedicata al recesso nei gruppi di societa`.
Explanation: "..the institution of the withdrawal of a shareholder presents today numerous essential new elements that give it a highly different configuration
with respect to the past, both in the rules of positive law and in the general principles it is subject to"
-------------------------------------------------- Note added at 29 mins (2016-12-05 14:42:59 GMT) --------------------------------------------------
-------------------------------------------------- Note added at 19 hrs (2016-12-06 10:10:16 GMT) --------------------------------------------------
Trasposition of EU Directive -
Terminology: 'right of withdrawal' [and 'right of termination']
"This is important because having a difference in terminology that is due to a difference in translation of a European regulation, may indicate the fact that between the concept of right of withdrawal, on one hand, and the right of termination, on the other, there are no fundamental differences, as we are talking of the same **legal institution**."
translate: 'hence (the limited practical application/use)/ practical under-use of the/this institution' ('donde sul piano pratico, la scarsa utilità dell’istituto').
in using the English term 'institution' in this sentence as a literal rendering ('the scarce use of the institution'), while not technically incorrect, sounds unnatural to the native English ear (well to mine at least).
the term 'istituto' does not mean method but the point made by Raffaela is that in this case the term istituto refers to the term diritto di recesso, something that your example also confirms.
with Raffaela in that in this case the term 'istituto' is referring to the right of withdrawal (diritto di recesso). As such you could easily rearrange the sentence and omit 'istituto' altogether, replacing it with a pronoun ('where on a practical level it is hardly used'). Alternatively you could perhaps use the term 'provision' (where on a practical level said provision is hardly used). If you want to avoid any possible confusion, it might be better to simply repeat the term 'right of withdrawal' (where on a practical level the right of withdrawal is hardly used'). The possibilities are many ......
Explanation: "..the institution of the withdrawal of a shareholder presents today numerous essential new elements that give it a highly different configuration
with respect to the past, both in the rules of positive law and in the general principles it is subject to"
-------------------------------------------------- Note added at 29 mins (2016-12-05 14:42:59 GMT) --------------------------------------------------
-------------------------------------------------- Note added at 19 hrs (2016-12-06 10:10:16 GMT) --------------------------------------------------
Trasposition of EU Directive -
Terminology: 'right of withdrawal' [and 'right of termination']
"This is important because having a difference in terminology that is due to a difference in translation of a European regulation, may indicate the fact that between the concept of right of withdrawal, on one hand, and the right of termination, on the other, there are no fundamental differences, as we are talking of the same **legal institution**."
peer agreement (net): +1
