Glossary entry (derived from question below)
German term or phrase:
Zwangsabtretung
English translation:
compulsory transfer
Added to glossary by
Daniela Penn
Mar 23, 2010 13:42
14 yrs ago
6 viewers *
German term
I translate for you!
Native in: German
Works in: English to German, French to German, German to French, and 1 more.
Zwangsabtretung
German to English
Law/Patents
Law: Contract(s)
Einziehung und Zwangsabtretung von Geschäftsanteilen einer Gesellschaft
Bei einer Zwangsabtretung an Dritte oder an Gesellschafter hat die Gesellschaft für die Zahlung des zu entrichtenden Entgelts die selbstschuldnerische Bürgschaft zu übernehmen.
Aus einem Gesellschaftsvertrag.
Bei einer Zwangsabtretung an Dritte oder an Gesellschafter hat die Gesellschaft für die Zahlung des zu entrichtenden Entgelts die selbstschuldnerische Bürgschaft zu übernehmen.
Aus einem Gesellschaftsvertrag.
Proposed translations
(English)
| 3 +5 | compulsory transfer |
Kim Metzger
|
| 4 | (co. shares) compulsory transfer; (majority shareholders) drag-along |
Adrian MM. (X)
|
| 4 -1 | compulsory assignment of shares |
Jon Fedler
|
Proposed translations
+5
17 mins
Kim Metzger
Mexico
Mexico
Native in English
Specializes in field
Mexico
Committed to Quality and Service
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
1256
Selected
compulsory transfer
Although I also found compulsory assignment, compulsory transfer seems to be much more common.
In der GmbH erfolgt die Befriedigung des Gläubigers in der Regel durch Verwertung der GmbH-Beteiligung. Ziel der Vertragsgestaltung ist es, auch in der GmbH entsprechend der Rechtslage in der KG zu verhindern, dass ein ungewünschter Dritter Gesellschafter wird. Als Lösungsalternativen sind in diesem Zusammenhang vor allem die Zwangseinziehung und die Zwangsabtretung des GmbH-Anteils zu diskutieren.
With respect to the GmbH, the creditor will be satisfied by realisation of the GmbH-share. The form of contract as to GmbH needs to prevent that according to the legal position with respect to the KG an unrequested third party has the possibility to become shareholder. As an answer to this issue, the possibilities of compulsory redemption of shares and of compulsory assignment of shares need to be discussed.
http://epub.uni-regensburg.de/10309/
compulsory assignment
http://tinyurl.com/ybudcz6
Compulsory transfer of shares
55I. —(1) The Authority may make a determination that all or any of the shares held by a transferor in a bank incorporated in Singapore shall be transferred to a transferee if —
http://tinyurl.com/y9h234n
In der GmbH erfolgt die Befriedigung des Gläubigers in der Regel durch Verwertung der GmbH-Beteiligung. Ziel der Vertragsgestaltung ist es, auch in der GmbH entsprechend der Rechtslage in der KG zu verhindern, dass ein ungewünschter Dritter Gesellschafter wird. Als Lösungsalternativen sind in diesem Zusammenhang vor allem die Zwangseinziehung und die Zwangsabtretung des GmbH-Anteils zu diskutieren.
With respect to the GmbH, the creditor will be satisfied by realisation of the GmbH-share. The form of contract as to GmbH needs to prevent that according to the legal position with respect to the KG an unrequested third party has the possibility to become shareholder. As an answer to this issue, the possibilities of compulsory redemption of shares and of compulsory assignment of shares need to be discussed.
http://epub.uni-regensburg.de/10309/
compulsory assignment
http://tinyurl.com/ybudcz6
Compulsory transfer of shares
55I. —(1) The Authority may make a determination that all or any of the shares held by a transferor in a bank incorporated in Singapore shall be transferred to a transferee if —
http://tinyurl.com/y9h234n
4 KudoZ points awarded for this answer.
Comment: "Danke!"
-1
18 mins
Jon Fedler
Native in English
Specializes in field
Strong Law + Business+Tech Background
Native in: English
Works in: German to English, Hebrew to English
Related KudoZ points
:
78
compulsory assignment of shares
IMHO
Peer comment(s):
| disagree |
JoelWilliam
: "Assignments" are voluntary; this is compulsory, therefore a "transfer."
3 hrs
|
21 mins
(co. shares) compulsory transfer; (majority shareholders) drag-along
It's a transfer of co. shares as tangibles, but an assignment of the underlying 'choses in action' as intangibles, so preferably the former and not the latter.
If the majority shareholders force a minority to sell out, it's called a (coerced) drag-along vs. a (voluntary) tag-along.
If the majority shareholders force a minority to sell out, it's called a (coerced) drag-along vs. a (voluntary) tag-along.
Example sentence:
The requirement that a compulsory transfer be to a non-US person may require a US Holder selling shares to instruct its broker
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