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SOCIETARIO

English translation: CORPORATE

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23:47 Mar 22, 2018
Spanish to English translations [PRO]
Law/Patents - Law (general)
Spanish term or phrase: SOCIETARIO
Delitos:
COACCIONES.
SOCIETARIO DE ABUSO DE MAYORIAS.
ADMINISTRACIONES DELEAL Y/O APROPIACIÓN INDEBIDA E INSOLVENCIA PUNIBLE.
Kathleen Misson
Spain
Local time: 07:07
English translation:CORPORATE
Explanation:
Future of Shareholder Oppression and Corporate Abuse of Power Against Minority Shareholders in Texas
On June 20, 2014, the Texas Supreme Court’s decision in Ritchie v. Rupe initiated a seismic shift in Texas law governing abuse of power in closely-held corporations and limited liability companies. After almost 30 years of steady appellate court development of a judicial remedy for corporate abuse of power--cases that held that the law prohibited oppressive conduct against minority shareholders and recognized the court’s power to force the purchase the an oppressed minority shareholder’s stock for a fair value--the Texas Supreme Court completely overturned the shareholder oppression doctrine.

http://www.shareholderoppression.com/corporate-abuse-of-powe...

En el presente trabajo de investigación se realiza un análisis de los principales
abusos que cometen los socios que ostentan la mayoría de capital en perjuicio
de las minorías accionarias en la sociedad anónima nicaragüense. En tal sentido,
se plantea como principal objetivo el formular algunas vías de soluciones
al conflicto, tomando en cuenta las alternativas que existen en la legislación
nacional, el derecho comparado y la jurisprudencia, en el interés de proponer
algunos mecanismos de protección a las minorías en la práctica societaria
mercantil nicaragüense, profundizando sobre los derechos de los accionistas
minoritarios que actualmente tienen una mayor relevancia en el marco de la
inversión extranjera y de la globalización.

https://www.lamjol.info/index.php/DERECHO/article/viewFile/1...

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Note added at 39 mins (2018-03-23 00:27:09 GMT)
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Shareholder oppression occurs when the majority shareholders in a corporation take action that unfairly prejudices the minority. It most commonly occurs in close corporations, because the lack of a public market for shares leaves minority shareholders particularly vulnerable, since minority shareholders cannot escape mistreatment by selling their stock and exiting the corporation.[1] The majority shareholders may harm the economic interests of the minority by refusing to declare dividends or attempting a squeezeout. The majority may physically lock the minority out of the corporate premises and even deny the minority the right to inspect corporate records and books, making it necessary for the minority to sue every time it wants to look at them. An important concept in law pertaining to shareholder oppression is the "reasonable expectations" of the minority shareholder. The "fair dealing" standard is also sometimes used by courts.

https://en.wikipedia.org/wiki/Shareholder_oppression

Oppression of Minority Shareholders: Protecting Minority Rights

Unfair treatment of holders of minority interests in family companies and other closely held corporations by persons in control of those corporations is so widespread that it is a national business scandal. The amount of litigation growing out of minority shareholder oppressionactual, fancied or fabricated-has grown tremendously in recent years, and the flood of litigation shows no sign of abating.

https://pdfs.semanticscholar.org/410b/f4cc54a3f1d1007df26889...

It's also called 'shareholder oppression' or 'oppression of minority shareholders'. I don't think you need to include 'societario/corporate'.

--------------------------------------------------
Note added at 43 mins (2018-03-23 00:30:41 GMT)
--------------------------------------------------

Shareholder oppression claims are important tools available to minority shareholders who believe they are the victims of abuse and overreaching at the hands of those in control of the corporation. With few exceptions, minority shareholders are not in control of the affairs of the company and are often unable to prevent the majority from taking unfair or oppressive actions toward them. Because there is no liquid or easily accessible market for shares in closely held companies, minority shareholders cannot easily escape oppressive behavior by selling their shares.1 Often, the only recourse for an oppressed minority shareholder is judicial relief in a shareholder oppression or breach of fiduciary duty suit.

https://www.stoutadvisory.com/insights/article/shareholder-o...
Selected response from:

Helena Chavarria
Spain
Local time: 07:07
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3CORPORATE
Helena Chavarria
Summary of reference entries provided
Ref.
Taña Dalglish

  

Answers


32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
CORPORATE


Explanation:
Future of Shareholder Oppression and Corporate Abuse of Power Against Minority Shareholders in Texas
On June 20, 2014, the Texas Supreme Court’s decision in Ritchie v. Rupe initiated a seismic shift in Texas law governing abuse of power in closely-held corporations and limited liability companies. After almost 30 years of steady appellate court development of a judicial remedy for corporate abuse of power--cases that held that the law prohibited oppressive conduct against minority shareholders and recognized the court’s power to force the purchase the an oppressed minority shareholder’s stock for a fair value--the Texas Supreme Court completely overturned the shareholder oppression doctrine.

http://www.shareholderoppression.com/corporate-abuse-of-powe...

En el presente trabajo de investigación se realiza un análisis de los principales
abusos que cometen los socios que ostentan la mayoría de capital en perjuicio
de las minorías accionarias en la sociedad anónima nicaragüense. En tal sentido,
se plantea como principal objetivo el formular algunas vías de soluciones
al conflicto, tomando en cuenta las alternativas que existen en la legislación
nacional, el derecho comparado y la jurisprudencia, en el interés de proponer
algunos mecanismos de protección a las minorías en la práctica societaria
mercantil nicaragüense, profundizando sobre los derechos de los accionistas
minoritarios que actualmente tienen una mayor relevancia en el marco de la
inversión extranjera y de la globalización.

https://www.lamjol.info/index.php/DERECHO/article/viewFile/1...

--------------------------------------------------
Note added at 39 mins (2018-03-23 00:27:09 GMT)
--------------------------------------------------

Shareholder oppression occurs when the majority shareholders in a corporation take action that unfairly prejudices the minority. It most commonly occurs in close corporations, because the lack of a public market for shares leaves minority shareholders particularly vulnerable, since minority shareholders cannot escape mistreatment by selling their stock and exiting the corporation.[1] The majority shareholders may harm the economic interests of the minority by refusing to declare dividends or attempting a squeezeout. The majority may physically lock the minority out of the corporate premises and even deny the minority the right to inspect corporate records and books, making it necessary for the minority to sue every time it wants to look at them. An important concept in law pertaining to shareholder oppression is the "reasonable expectations" of the minority shareholder. The "fair dealing" standard is also sometimes used by courts.

https://en.wikipedia.org/wiki/Shareholder_oppression

Oppression of Minority Shareholders: Protecting Minority Rights

Unfair treatment of holders of minority interests in family companies and other closely held corporations by persons in control of those corporations is so widespread that it is a national business scandal. The amount of litigation growing out of minority shareholder oppressionactual, fancied or fabricated-has grown tremendously in recent years, and the flood of litigation shows no sign of abating.

https://pdfs.semanticscholar.org/410b/f4cc54a3f1d1007df26889...

It's also called 'shareholder oppression' or 'oppression of minority shareholders'. I don't think you need to include 'societario/corporate'.

--------------------------------------------------
Note added at 43 mins (2018-03-23 00:30:41 GMT)
--------------------------------------------------

Shareholder oppression claims are important tools available to minority shareholders who believe they are the victims of abuse and overreaching at the hands of those in control of the corporation. With few exceptions, minority shareholders are not in control of the affairs of the company and are often unable to prevent the majority from taking unfair or oppressive actions toward them. Because there is no liquid or easily accessible market for shares in closely held companies, minority shareholders cannot easily escape oppressive behavior by selling their shares.1 Often, the only recourse for an oppressed minority shareholder is judicial relief in a shareholder oppression or breach of fiduciary duty suit.

https://www.stoutadvisory.com/insights/article/shareholder-o...

Helena Chavarria
Spain
Local time: 07:07
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 313
Login to enter a peer comment (or grade)




Reference comments


27 mins
Reference: Ref.

Reference information:
Not sure if this will be of some help.
https://e-revistas.uc3m.es/index.php/EUNOM/article/view/3655
Delitos societarios = Corporate crimes
Resumen: Los delitos societarios son un grupo de infracciones ubicadas en el Código penal español que, salvo alguna excepción, como el delito de impedimento de actuaciones inspectoras, carecen de carácter económico, y tampoco es visible el carácter patrimonial, pues se dirigen exclusivamente a la actividad interna de las sociedades mercantiles, protegiendo los derechos de los socios y exigiendo la correcta actuación de los administradores. La supresión del delito de administración fraudulenta ha supuesto una significativa mengua del alcance de estas infracciones.

Palabras clave: Sociedad, administrador, apropiación, información contable, abuso, socio, perjuicio.

Abstract: Corporate crimes are a group of infractions located in the Spanish Criminal Code that, apart from some exceptions as the crime of impedimento de actuaciones inspectoras, have not an economic nature, nor is its patrimonial character visible, because they are exclusively aimed to the internal activity of commercial companies, protecting the partners´ rights and demanding the managers´ appropriate practice. The abolition of the fraudulent administration crime has led to a significant reduction in the scope of these infractions.

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Note added at 29 mins (2018-03-23 00:16:43 GMT)
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OMG... the English is bad!

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Note added at 30 mins (2018-03-23 00:17:20 GMT)
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Here is another link: http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S...

Taña Dalglish
Jamaica
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 492
Note to reference poster
Asker: Thank you

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