|Russian to English translations [Non-PRO]|
Law/Patents - Law (general) / company law
|Russian term or phrase: общество с дополнительной ответственностью|
|additional liability company|
The way companies are described differs between countries, and because the legal significance of the terms used also differ, they are best left as those used in the countries themselves. There are many examples of "additional liability company" but they all come from Ukraine or Belorussia. Definitions (in English) of the term "additional liability company" can be found at:
Ukrainian Corporate Law
... (iii) an additional liability company, whose participants are liable to the extent of their contributions to the charter capital and, in addition, ...
www.hg.org/articles/article_400.html - 21k - Cached - Similar pages
[PDF] Review of the Companies Act
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an additional liability company;. a general partnership;. a limited partnership. Company’s Definition: Under this Act, companies mean enter- ...
In the course of researching this term, I also came upon this very useful reference source:
(but it does not include "additional liability company")
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additional responsibility society / partnership
"The additional responsibility society/partnership (‘ITDO”) differs from the Limited
Responsibility Partnership (“TOO”) in one respect. As with the TOO, all participants contribute
amounts to the charter fund and are liable up to the amount of their contributions. However, in
the TDO, in the event that those contributions are insufficient to pay the debts of the TDO, each
participant is liable for an additional amount which is specified in the constitutive documents as
a multiple of their actual contribution."
Local time: 02:55
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Native speaker of: Russian
PRO pts in category: 8
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