Glossary entry

Spanish term or phrase:

derecho de crédito preferente

English translation:

preferential/privileged/credit right

Added to glossary by peterinmadrid
Jul 26, 2007 13:46
17 yrs ago
19 viewers *
Spanish term

derecho de crédito preferente

Spanish to English Law/Patents Law (general) Legal Document
Mi mandante, tiene un derecho de crédito preferente al del acreedor ejecutante sobre los siguientes bienes y derechos que constan embargados a favor del ejecutante:

Discussion

peterinmadrid (asker) Jul 26, 2007:
The assets are bank account balances, deposits and real estate, plus income deriving from leases.
peterinmadrid (asker) Jul 26, 2007:
One party is suing another and the court has seized its assets. A third party is now submitting a document stating that it has preference in claiming the debt. I am translating the document submitted to the court by the third party.
AllegroTrans Jul 26, 2007:
What is the document? (lease, contract of sale, etc) and what type of goods are involved?

Proposed translations

+4
2 hrs
Selected

preferential/privileged/credit right

As per the definitions offered by the AVH Financial, pages 1129 and 1137.-
Peer comment(s):

agree Silvia Brandon-Pérez
19 mins
Gracias, pebeta de mi flor...
agree Andrea Moreno
2 hrs
Gracias, Andrea.-
agree Rocio Barrientos : Con seguridad. Derecho de pago preferente debiese haber dicho él que escribió la demanda...con dominio excluyente sobre la garantía crediticia... creo que es así..(trotando mi memoria a mis dias de banco)
5 hrs
Merci, mademoiselle dew...
agree Bubo Coroman (X) : Absolutely right - I did a free translation which you may or may not approve of!
8 hrs
I ALWAYS approve your translations and the rest!!!
neutral cmwilliams (X) : but needs to be reworded - XXX has a preferential claim/right over..
15 hrs
Thanks. I translated the terms/expression sought in the box "Spanish term or phrase".-
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, Miguel."
+1
2 hrs

preferential claim

International Financial Law Review - The hunt for pari passu (part II ...
... such lien or encumbrance will equally and ratably secure the payment of the ... mejor derecho) claiming that his preferential claim must be satisfied first with ...www.iflr.com/default.asp?page=10&PUBID=33&ISS=12029&SID=512... - 200k
Covered Bonds: a European Experience
These instruments are intended to refinance mortgage and public-sector loans through the issue of ... lien. Lastly, Pfandbrief holders enjoy a preferential claim on ...www.gtnews.com/article/3919.cfm - 21k - Cached
A Review of Company Rescue and Business Reconstruction Mechanisms ... (PDF)
The Insolvency Service is an Executive Agency within the Department of Trade and ... REPORT OF THE JOINT DTI/TREASURY REVIEW OF COMPANY RESCUE AND BUSINESS ...insolvency.gov.uk/.../consultation/condoc/condocreview.pdf - 474k - View as html
- JUDGMENT OF THE LORDS OF THE JUDICIAL COMMITTEE OF THE PRIVY COUNCIL ... (PDF)
preferential claim on the assets of an insolvent company in respect ... "A lien such as this on a sub-freight means a right to receive ...www.privy-council.org.uk/files/pdf/2001_No.28.pdf -
Peer comment(s):

agree cmwilliams (X)
1 min
thanks cmw
Something went wrong...
+2
11 hrs

My principal has a stronger claim than the executing creditor to the following assets and rights ...

This is rather a free translation if it suits you. I also support Miguel's answer
Peer comment(s):

agree cmwilliams (X) : yes, preferential creditors have priority over other creditors
7 hrs
thank you, you're very kind!
agree MikeGarcia : You whopee granny!!!///Double whopee!!! Triple whoopee!!! Galactic whopees!!!!!
10 hrs
eres un angelito dulcecito :-)
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search