Glossary entry

Russian term or phrase:

притворная сделка

English translation:

sham transaction

Added to glossary by Frank Szmulowicz, Ph. D.
Nov 24, 2017 14:55
6 yrs ago
6 viewers *
Russian term

притворная сделка

Russian to English Bus/Financial Business/Commerce (general) Share Purchase Agreement
Стороны также подтвердили, что они получили от нотариуса все разъяснения по настоящему Договору, предложений по изменению текста Договора Стороны не имеют, и что настоящий Договор соответствует их истинным намерениям и не является притворной сделкой, совершаемой с целью прикрыть другую сделку.

TIA
Change log

Nov 26, 2017 16:23: Frank Szmulowicz, Ph. D. Created KOG entry

Discussion

The Misha Nov 24, 2017:
Of which all seem to be from South African or nonnative European sources (well, OK, I scanned the first page only). Maybe they do say that in South Africa, I wouldn't know. To me as an American, this "simulated" here strongly comes through in the sense of computer simulation and thus very misleading.
mk_lab Nov 24, 2017:
"simulated transaction" gives 12900 hits in Google https://www.google.com.ua/search?num=50&hl=ru&source=hp&ei=2...
The Misha Nov 24, 2017:
Contd. I know I am a sucker for those hits:) but maybe the voice I did miss wasn't all that loud?

Decoy marketing - yes, absolutely. Decoy transaction - well, maybe not.
The Misha Nov 24, 2017:
Them voices, eh? Michael, you may well be right, but... Here's what google gives me on my side of the pond (I am not sure you will see the same thing on your end)":

"decoy transaction" (in quotation marks; 121 hits, most of them off the mark):
https://www.google.com/search?client=firefox-b-1&ei=X2IYWuHC...

No quotation marks, 294K, mostly hunting related, nothing legal:
https://www.google.com/search?client=firefox-b-1&ei=f2IYWsCx...

Sham transaction (no quotation marks, 446K hits, very legal):
https://www.google.com/search?client=firefox-b-1&biw=672&bih...

Proposed translations

+2
9 mins
Selected

sham transaction

2притворная сделка
1) Law: sham transaction
https://translate.academic.ru/притворная сделка/ru/xx/

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Note added at 10 mins (2017-11-24 15:06:18 GMT)
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That serves no business purpose or provides no economic benefit but is entered into for deception, such as to escape a tax liability.
http://www.businessdictionary.com/definition/sham-transactio...
Peer comment(s):

agree Michael Korovkin : or feigned transaction
12 mins
Thank you, Michael. A good option. My best regards!
agree The Misha
2 hrs
Thank you, The Misha. Happy Thanksgiving!
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4 KudoZ points awarded for this answer. Comment: "Thank you, Frank!"
8 mins

fraudulent deal

*
Peer comment(s):

neutral The Misha : This is not a legal term one would need here. This is layman speak. Different key, wrong implications, you know.
2 hrs
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3 mins

simulated contract/agreement

Simulated Contract Law and Legal Definition | USLegal, Inc.
https://definitions.uslegal.com/s/simulated-contract/
Simulated contract, in Civil law, is a contract that, by mutual agreement, does not express the true intent of the parties. A simulated contract is absolute when the ...

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Note added at 4 mins (2017-11-24 15:00:14 GMT)
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Simulated agreements: Dressing up transactions - De Rebus
www.derebus.org.za › Practice area › Consumer law
If the simulated agreement is a disguise for some other type of transaction, the court will strip off the form of the simulated agreement and reveal ...

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Note added at 9 mins (2017-11-24 15:04:39 GMT)
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Или "simulated transaction", в зависимости от того, какая именно сделка

What is a simulated transaction? | Financial Institutions Legal Snapshot
https://www.financialinstitutionslegalsnapshot.com/.../what-...
The Supreme Court of Appeal has reminded us that a simulated transaction is one where all the parties to the intended contract disguise the ...
Peer comment(s):

neutral The Misha : As much as I hate to disagree with you (you are my favorite engineer/scientist here), this is not it, regardless of what that one legal scholar said in an article somewhere. Where I live, this is routinely called a sham transaction.
2 hrs
Thank you, but as for me, "sham" seams too colloquial word (something like new catchword "fake")
Something went wrong...
+1
27 mins

a decoy transaction (см)

то-есть действиельно притворная сделка, совершаемая с целью прикрыть другую сделку

так часто называют сделки совершаемые Мафией для прикрытия других “некошерных“ сделок.

Я уверен„ в гугле есть...



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Note added at 33 mins (2017-11-24 15:28:40 GMT)
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Вот даже поглядел в гугле (хотя не люблю этого делать):

https://books.google.it/books?isbn=1449981887
received the dough through a decoy transaction, and mailed the mutilated body back to the goons.

Are wire transfer companies doing enough to protect victims of fraud ...
abc7news.com/archive/7261133/
Feb 5, 2010 - When asked if the decoy's transaction raised any red flags, the employee said, "Any red flags... why?" That employee then asked 7 On Your ...
Peer comment(s):

agree Jack Doughty
31 mins
thanks Jack
neutral The Misha : Not to be a critic, Michael, but this is resoundingly not what we would call it on this side of the pond. You think this may be the us vs them issue here? I mean, honestly, I have never heard it called that, and I do hear voices all the time:)))))
2 hrs
I see it in many legal docs I deal with (American ones too). And it is present on the 'net. Amply, it appears. So perhaps it's just one of the voices you missed...
Something went wrong...
7 hrs

a bogus transaction / a sham deal / fictitious transaction

a bogus Transaction : predominantly used in economics and commerce
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