Glossary entry (derived from question below)
Swedish term or phrase:
förhandling om offentligt ackord
English translation:
court-supervised Plan of Arrangement
Added to glossary by
Jonathan Widell
Jul 8, 2007 00:43
17 yrs ago
4 viewers *
Swedish term
Canada
Translations from start to Finnish
Native in: Finnish 
Works in: English to Finnish, French to Finnish, Dutch to Finnish, and 2 more.
förhandling om offentligt ackord
Swedish to English
Law/Patents
Law (general)
borgenären åberopar fordringen gentemot gäldenären i skiljeförfarande, konfursförfarande eller förhandling om offentligt ackord
Proposed translations
(English)
| 3 | (Can.) court-supervised Plan of Arrangement |
Adrian MM. (X)
|
| 5 +1 | compulsory composition proceedings |
E2efour (X)
|
| 5 -1 | negotiation of a public settlement |
Hugh Curtis
|
Proposed translations
21 hrs
Selected
(Can.) court-supervised Plan of Arrangement
Thanks to Barry T. for quoting the previous ProZ. answer to the Danish question. Indeed, it is compulsory as against voluntary and also binding on minority dissenters.
My only doubts are 1. whether the asker wants a Canadian-specific answer. As in many other countries, the law on insolvency has been extensively reformed in Canada and falls somewhere between the US and the UK and 2. whether this is a private indvidual (UK = deed of arrangement) or corporate process (UK = scheme of arrangement).
My only doubts are 1. whether the asker wants a Canadian-specific answer. As in many other countries, the law on insolvency has been extensively reformed in Canada and falls somewhere between the US and the UK and 2. whether this is a private indvidual (UK = deed of arrangement) or corporate process (UK = scheme of arrangement).
Example sentence:
Under the transaction, which will be effected as a court-supervised Plan of Arrangement, Systech has been valued in the range of Cdn.$29.5 million to ...
Note from asker:
| 1. Yes, Canadian-specific 2. The term is used in Preskriptionslag 5 § 3. |
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
-1
36 mins
negotiation of a public settlement
dich entry
Peer comment(s):
| disagree |
E2efour (X)
: A public settlement (of what) has nothing to do with debts. Added: the legal term for ackord here is composition or arrangement. You can use a non-legal term if you wish, but settlement by itself covers too many things.
7 hrs
|
|
Oh, so nobody ever settled there debts?
|
+1
7 hrs
compulsory composition proceedings
See previous answer (Danish) http://eng.proz.com/kudoz/720222
A compulsory scheme of composition (offengligt ackord or tvångsackord) is when a court approves an arrangement for the repayment of debt to creditors.
Vid konkurs och företagsrekonstruktion kan, förutom en frivillig uppgörelse, även förekomma en mera formbunden ackordsförhandling inför rätten, eventuellt med inslag av tvång, ett s k. offentligt ackord (även benämnt tvångsackord).
A compulsory scheme of composition (offengligt ackord or tvångsackord) is when a court approves an arrangement for the repayment of debt to creditors.
Vid konkurs och företagsrekonstruktion kan, förutom en frivillig uppgörelse, även förekomma en mera formbunden ackordsförhandling inför rätten, eventuellt med inslag av tvång, ett s k. offentligt ackord (även benämnt tvångsackord).
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