transaction avoidance litigation

French translation: litige portant sur l'annulation d'une transaction/action révocatoire

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	transaction avoidance litigation
French translation:	litige portant sur l'annulation d'une transaction/action révocatoire
Entered by:	ph-b (X)

18:35 Jan 28, 2020

English to French translations [PRO]
Law/Patents - Law: Contract(s)

English term or phrase: transaction avoidance litigation

I work both for and against insolvency officeholders in transaction avoidance litigation, and I also appear and advise on petitions (bankruptcy/liquidation) and applications (administration/extension of administration/ provisional liquidation/set aside statutory demands).

Merci

Sylvie André KudoZ activity Questions: 4018 (7 open) (152 closed without grading) Answers: 51 France
Local time: 12:46

litige portant sur (l'annulation d')une transaction (ou : action révocatoire ?)

Explanation:

Avoidance Actions in bankruptcy is an action to undo (avoid) certain transactions that the debtor engaged in before the bankruptcy. The U.S. Bankruptcy Code grants the bankruptcy trustee avoiding powers, which permit the trustee to undo certain transfers of money or property made during a specified period of time before the date the bankruptcy petition is filed. This means the trustee, only with approval from the Bankruptcy Court, can take back certain payments made to creditors or reverse certain transfers of property made before bankruptcy.
https://www.braziellaw.com/2018/04/24/avoidance-actions-in-b...

Transaction avoidance rules are widely thought to be an important tool in the regulation of related party transactions entered into by an insolvent or near insolvent firm. Such rules offer direct recourse against related parties who have received gifts or asset transfers at a significant undervalue, or received payment ahead of non-related creditors outside of the ordinary course of business.
(https://www.law.ox.ac.uk/business-law-blog/blog/2018/11/avoi...

transaction avoidance litigation= litige portant sur l'annulation d'une transaction/procédure visant à (faire) annuler une transaction.

Action révocatoire ?

Cf.

Such actions should include avoidance actions against defendants in other Member States and actions concerning obligations that arise in the course of the insolvency proceedings,...
« Ces actions devraient englober les actions révocatoires engagées contre des défendeurs établis dans d'autres États membres, ainsi que les actions concernant des obligations qui naissent au cours d'une procédure d'insolvabilité... »

...shall have jurisdiction for any action which derives directly from the insolvency proceedings and is closely linked with them, such as avoidance actions...
«...juridictions de l'État membre sur le territoire duquel la procédure d'insolvabilité a été ouverte en application de l'article 3 sont compétentes pour connaître de toute action qui découle directement de la procédure d'insolvabilité et y est étroitement liée, telles les actions révocatoires... »

...settlement of intra-group disputes as regards intra-group transactions and avoidance actions...
«...règlement des litiges au sein du groupe pour ce qui est des transactions intragroupe et des actions révocatoires... »

L'anglais est ici : https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CEL...

et le français là : https://eur-lex.europa.eu/legal-content/FR/TXT/HTML/?uri=CEL...

Voir aussi :
« Les juridictions de l’État membre sur le territoire duquel la procédure d’insolvabilité a été ouverte sont compétentes pour statuer sur une action révocatoire fondée sur l’insolvabilité et dirigée contre un défendeur ayant son siège statutaire dans un autre État membre. »
https://www.dalloz-actualite.fr/essentiel/procedures-d-insol...

etc. (les ex. que l'on trouve reprennent + ou - le texte européen, ce qui n'a rien d'étonnant)

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Note added at 18 hrs (2020-01-29 13:15:43 GMT)
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Pour info (domaines différents de celui de la q, mais...), voir :

Révocation dans le sens d'annulation :

Dr. et cour. Acte par lequel celui qui a fait un acte juridique, une offre, une stipulation pour autrui, un legs, une donation, décide de l'anéantir (Capitant)... Anéantissement d'une donation ou d'un legs pour une cause prévue par la loi
Le Grand Robert de la langue française

+

fiches 4 et 5 ici : http://www.btb.termiumplus.gc.ca/tpv2alpha/alpha-fra.html?la...

Selected response from:

ph-b (X)
France
Local time: 12:46

Grading comment

4 KudoZ points were awarded for this answer

Summary of answers provided

3 +2

litige portant sur (l'annulation d')une transaction (ou : action révocatoire ?)

ph-b (X)

4 -1

le litige sur l'évasion commerciale

Francois Boye

2 +1

les litiges judiciaires au sujet d'annulation d'opérations

Adrian MM.

3 -2

prévention des litiges liés à des transactions

Helene Carrasco-Nabih

Discussion entries: 4

Eliza Hall

United States

Avoid = make void, annul

14:17 Jan 30, 2020

@Daryo, the avoidance isn't about avoiding payment to creditors. As PhB suggested, it's about voiding the sham transactions by which the defendant tried to put assets out of reach.

"Included in the [bankruptcy] trustee’s purview of administering a bankruptcy are so-called avoidance powers that allow them to “avoid,” or essentially nullify, certain transactions that the debtor engaged in before filing for bankruptcy."
https://www.arnoldsmithlaw.com/avoidance-powers-in-bankruptc...

Daryo

United Kingdom

The "avoidance"

20:51 Jan 29, 2020

in "avoidance transaction" is about "avoiding" to have to pay creditors, by putting assets out of reach of creditors by means of sham transactions.

So "opérations d'évitement" is what these transactions are, but the other side of the coin is "actions révocatoires" (to counter these "opérations d'évitement")

You could say that the litigation is either about "opérations d'évitement" or about "actions révocatoires" - both would be correct. Depends if you want to give more importance / visibility to the wrongdoing or the action to remedy to it.

ph-b (X)

France

11:26 Jan 29, 2020

Comme Germaine : Transaction avoidance rules are widely thought to be an important tool in the regulation of related party transactions entered into by an insolvent or near insolvent firm. Such rules offer direct recourse against related parties who have received gifts or asset transfers at a significant undervalue, or received payment ahead of non-related creditors outside of the ordinary course of business. (https://www.law.ox.ac.uk/business-law-blog/blog/2018/11/avoi...

Je pense qu'ici, avoidance = make void (demande en annulation, ou qchose comme ça). Cf. Oxford (https://www.lexico.com/definition/avoidance) et https://www.merriam-webster.com/dictionary/avoidance.

Et peut-être « contentieux » plutôt que « litiges » ?

Germaine

Canada

23:09 Jan 28, 2020

Je pense qu'on parle de litiges en matière d'opérations d'évitement (traitements préférentiels et opérations sous-évaluées en situation d'insolvabilité, opérations d'évitement lors d'une réorganisation). Voir, par exemple:
https://lop.parl.ca/sites/PublicWebsite/default/fr_CA/Resear...

Ça donnerait quelque chose comme "J'agis tant pour la défense que pour l'accusation dans des litiges portant sur les opérations d'évitement en matière d'insolvabilité..." ou encore ""Je représente tant les débiteurs que les instances en insolvabilité dans les litiges portant sur les opérations d'évitement..."

Answers

2 hrs confidence:

peer agreement (net): -2

prévention des litiges liés à des transactions

Explanation:
avoiding litigation = prévention des litiges

Helene Carrasco-Nabih
Morocco
Local time: 11:46
Native speaker of:

French
PRO pts in category: 1

3 hrs confidence:

peer agreement (net): -1

le litige sur l'évasion commerciale

Explanation:
Evasion commerciale = éviter les taxes en dépensant dans l'économie taxant moins.

Taux d’évasion

Le taux d’évasion désigne la part des dépenses commercialisables d’une zone de chalandise qui est dépensée en dehors de la zone.

Francois Boye
United States
Local time: 06:46
Native speaker of:

French
PRO pts in category: 221

16 hrs confidence:

peer agreement (net): +1

transaction avoidance (set-aside) litigation les litiges judiciaires au sujet d'annulation d'opérations

Explanation:
I, having worked in insolvency law chambers in London, think avoidance means of transaction within 2 or 5 years of banrkuptcy, , anmely designed to obtain a fraudulent preference for a creditor or family member.

Transaction means disposition or dealing, so is not necessarily linked to commerce e.g. transfer into a spouse's name to avoid bankruptcy grab ('sequestration'=.

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Note added at 17 hrs (2020-01-29 12:20:17 GMT)
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per Ph-B: les contentieux au sujet de...

Example sentence(s):

b) l'annulation d'une opération, soit parce qu'elle accorde une préférence soit parce qu'elle constitue un transfert en [...] unidroit.org (b) the avoidance of a disposition as a preference or as a transfer in fraud of creditors;

Reference: http://eng.proz.com/kudoz/english-to-french/law-contracts/26...
Reference: http://iate.europa.eu/search/standard/result/1580296914559/1

Adrian MM.
Austria
Specializes in field
Native speaker of:

English
PRO pts in category: 7

Peer comments on this answer (and responses from the answerer)

agree

ph-b (X): avec l'idée d'annulation d'une transaction/opération

1 hr

-> Thanks de novo et merci de nouveau! BTW, one of my ex-translation office freelance IT/FR> EN colleagues - in London - is now a Chancery Divisional Bankruptcy Registrar (Judge) on the Strand.

neutral

Eliza Hall: Yes on the meaning, though I don't love the FR phrasing (or the redundancy--litiges + judiciaires). https://www.commercialbankruptcyadvisor.com/2016/10/bankrupt...

8 hrs

-> litige judiciare has been taken from Bridge: FRE/ENG Council of Europe legal glossary and a litige can be judiciare *ou non* https://www.linguee.fr/francais-anglais/traduction/litiges j...

neutral

Daryo: the way you formulated it is a bit ambiguous - not clear whether the dispute is about transactions that have been cancelled in the past or is the aim of the litigation to reverse now some past transactions. Otherwise yes.

9 hrs

-> the litigation in my experience is about both, namely 1. to instate or 2. to challenge the avoidance of the transaction or disposition..

18 hrs confidence:

peer agreement (net): +2

litige portant sur (l'annulation d')une transaction (ou : action révocatoire ?)

ph-b (X)
France
Local time: 12:46
Specializes in field
Native speaker of: French
PRO pts in category: 16

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