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la liquidation pure et simple

English translation: (UK) ordinary winding-up; (Ind) liquidation simpliciter

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:la liquidation pure et simple
English translation:(UK) ordinary winding-up; (Ind) liquidation simpliciter
Entered by: Adrian MM. (X)

16:17 Apr 1, 2009
French to English translations [PRO]
Bus/Financial - Law (general) / articles of associations
French term or phrase: la liquidation pure et simple
I am translating English articles of associations that were originally written in French. "La liquidation pure et simple" is translated to English with "pure and simpel liquidation" which I think might be not totally accurate.

I would appreciate an English explanation of the juridical meaning of the French term.


Context: "L’assemblée générale des actionnaires d’un compartiment peut décider soit de la liquidation pure et simple dudit compartiment"
Bjørnar Magnussen
Local time: 01:22
(UK) ordinary winding-up; (Ind) liquidation simpliciter
Explanation:
No. There is no substantive difference between winding-up and liquidation, though the former is the start and the latter is the end of the process.

In the UK, ordinary means either member's or creditors'/ debenture-holders' voluntary winding-up vs. a compulsory wind-up ordered by the court and an 'extraordinary' one precipitated by the DTI - Department of Trade & Industry with the appointment of an Official Receiver.

cf. liquidation simpliciter in India: law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/%5B1998%5D231ITR0108(Guj).htm


Selected response from:

Adrian MM. (X)
Local time: 01:22
Grading comment
All answers were helpful, but this was the most helpful.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2straightforward liquidation
kashew
4 +1(outright) dissolution
wfarkas (X)
4 +1(UK) ordinary winding-up; (Ind) liquidation simpliciter
Adrian MM. (X)
3liquidation, purely and simply
Bourth (X)


  

Answers


25 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
liquidation, purely and simply


Explanation:
It looks too much like the everyday expression to be a specific type of liquidation, so I'd say "liquidation, purely and simply", or, to be purer and simpler, "winding up, purely and simply".

Bourth (X)
Local time: 01:22
Native speaker of: Native in EnglishEnglish
PRO pts in category: 254
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28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
straightforward liquidation


Explanation:
*

--------------------------------------------------
Note added at 30 mins (2009-04-01 16:48:02 GMT)
--------------------------------------------------

The Court of Appeal had held that the liquidation by itself was a transaction in securities. The Revenue did not contend that a straightforward liquidation without any variation of the rights attached to the shares was a transaction in securities, and the House did not hold that it did.
(Inland Revenue Report extract)

kashew
France
Local time: 01:22
Native speaker of: Native in EnglishEnglish
PRO pts in category: 22

Peer comments on this answer (and responses from the answerer)
agree  K. Ganly (X)
4 hrs
  -> Thank you
agree  cjohnstone
14 hrs
  -> Thank you
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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
(outright) dissolution


Explanation:
On dissolution the Executive Committee shall dispose of all property and assets of the association .

wfarkas (X)
Canada
Local time: 19:22
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Maria-Letitia Chiculita (X)
10 hrs
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15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
(UK) ordinary winding-up; (Ind) liquidation simpliciter


Explanation:
No. There is no substantive difference between winding-up and liquidation, though the former is the start and the latter is the end of the process.

In the UK, ordinary means either member's or creditors'/ debenture-holders' voluntary winding-up vs. a compulsory wind-up ordered by the court and an 'extraordinary' one precipitated by the DTI - Department of Trade & Industry with the appointment of an Official Receiver.

cf. liquidation simpliciter in India: law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2008ITAct/%5B1998%5D231ITR0108(Guj).htm




Example sentence(s):
  • Liquidation simpliciter in the context of winding up of company may mean winding up of a corporation where the assets are distributed to those entitled.
  • During the course of ordinary winding up proceedings creditors may resolve at a meeting to form a liquidation committee. That committee can require the ...

    Reference: http://www.publications.parliament.uk/pa/cm200708/cmbills/14...
Adrian MM. (X)
Local time: 01:22
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 858
Grading comment
All answers were helpful, but this was the most helpful.

Peer comments on this answer (and responses from the answerer)
agree  Maria-Letitia Chiculita (X)
3 hrs
  -> Multumesc!
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