Feb 28, 2018 19:24
6 yrs ago
7 viewers *
English term

make an assignment for the benefit of creditors

English to Russian Bus/Financial Manufacturing
In the event Yokogawa has valid reasons to assume that Customer shall fail to perform any obligation under the Purchase Order or any agreement connected therewith without providing adequate security; or in case Customer (i) fails to perform any obligation under the Purchase Order which, upon written notice by Yokogawa remains unfulfilled for thirty (30) calendar days thereafter; (ii) becomes subject to change of control or ownership; (iii) terminates or suspends its business activities, becomes insolvent, admits in writing its inability to pay its debts as they mature, makes an assignment for the benefit of creditors, becomes subject to direct control of a trustee, receiver or of a similar authority or becomes subject to any bankruptcy or insolvency proceedings; Yokogawa shall be entitled, immediately and without warning or notice of default and without any liability or prejudice to any other remedy and/or right which Yokogawa may have, either to claim immediate fulfillment of Customer’s obligations or cancel the Purchase Order, obtain possession of the Products and/or recover from Customer any amounts due.

Proposed translations

1 day 2 hrs
Selected

передать имущество в доверительную собственность для расчётов с кредиторами

make an assignment for the benefit of creditors - передать имущество в доверительную собственность для расчётов с кредиторами
https://www.multitran.ru/c/m.exe?a=3&&s=Assignment for benef...


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Note added at 1 дн 2 час (2018-03-01 21:35:08 GMT)
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или выделять ассигнования в пользу кредиторов
https://translate.academic.ru/make an Assignment for benefit...
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4 KudoZ points awarded for this answer.
+1
9 mins

учредить доверительную собственность для выплаты долгов всем кредиторам

"A general assignment or assignment is a concept in bankruptcy law that has a similar meaning, due to common law ancestry, in different jurisdictions, but wide dispersion in practical application. The "assignment for the benefit of creditors", also known as an ABC or AFBC is an alternative to bankruptcy, which is a "general assignment"/"assignment" concept".

"In the United states, a general assignment or an assignment for the benefit of creditors is simply a contract whereby the insolvent entity ("Assignor") transfers legal and equitable title, as well as custody and control of its property, to a third party ("Assignee") in trust, to apply the proceeds of sale to the assignor's creditors in accord with priorities established by law".

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


Assignment for benefit of creditors
— учреждение доверительной собственности для выплаты долгов всем кредиторам;
— учреждение доверительной собственности для выплаты долгов с установлением очерёдности;
— передать имущество в доверительную собственность для расчётов с кредиторами.
https://www.multitran.ru/c/m.exe?t=821743_1
Peer comment(s):

agree Dmitry Zaikin : Только без "всем", так как в случае банкротства на всех может не хватить
2 hrs
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