GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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07:57 Jun 4, 2019 |
English to German translations [PRO] Law/Patents - Law: Contract(s) / Gerichtsanordnung | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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Summary of answers provided | ||||
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4 | abtreten |
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3 | Abtretung ggü. Übertragung/Aufsandung bzw. Veräüßerung |
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Discussion entries: 2 | |
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abtreten Explanation: (Romain, Bader, Byrd) |
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assign (-ment vs. Scots assignation) vs. conveyance or transfer vs. disposal Abtretung ggü. Übertragung/Aufsandung bzw. Veräüßerung Explanation: Having come across your scheme question, Alexandra, by DEU/ ENG accident, I can only suggest some general BrE rules of thumb, but others may care to correct me. BTW, a Director of the Max-Planck-Institut für ausländisches und internationales Privatrecht in Hamburg, almost half a century ago, asked me about the difference between an assignment and a transfer on a DE/EN translation where the two terms had been closely overlapping. 1. assignation is Scots law for an assignment e.g. of contracts. An 'unusual' German term might be used for this: CH > Überbindung cf. Einantwortung, in AUT inheritance law, meaning a vesting or assenting of the estate to the rightful heirs. 2. intangibles like insurance policies are assigned. I used to 'indorse or endoirse' over life policies to mortgage lenders/ mortgagees like banks and building societies for loans to my law firm's clients. 3. tangibles (tangible property) like company share forms or certificates are 'transferred' but, strictly, the underlying 'chose in action' (Forderungsrecht) as an intangible (not an academic term but used in legal practice) is assigned, so - lie an 'assignment of book debts' needs to be *in writing*. 4. A 'mortgage' of chattels - like a motor car - can be done by way of a conditional 'bill of sale' (*Sicherungs#übereignungs#vertrag*) by a charge or 'assignment' by a chargor to a chargee or ans assignor to an assignee 5. land and buildings are conveyed by a 'e.g. conveyance on sale' or 'voluntary conveyance' (in Equity = a free conveyance/ unentgeltliche Übertragung or *Aufsandung*. Loosely, though the rights e.g. to a chattel like a plainting can also be 'conveyed' by bill of sale *absolute* (in the UK and US) - from a Veräußerer/ transferor to an Erwerber/ transferee). In the UK, the conveyance of *registered* land is sone done by a one-page 'transfer form' as a 'proper instrument of transfer' in law. The re-registration of the land & building could be the *Über- bzw. Umschreibung* Unregd. land is conveyed at the UK Land Registry by 'Purchase Deed'. 7. disposal (Veräußerung) is often used in UK & Irish tax e.g. of stock-in-trade and can often be 'deemed' as a notional /fiktive Veräußerung where the business owner takes goods for his or her own use or a family close company /(US closed corporation retains company shares - that may rank as a 'deemed distribution'. 8. The parties to a disposal in UK tax law are disponer and disponee (Veräußerer-in > female or, more often than not a, company) vs. Erwerber-in > female or corp.) or disposer to a disposee (trading income tax), so depending on the type of tax -------------------------------------------------- Note added at 1 hr (2019-06-04 09:57:00 GMT) -------------------------------------------------- No. 6 - in the UK.... -------------------------------------------------- Note added at 10 hrs (2019-06-04 18:47:04 GMT) -------------------------------------------------- PS The parties to an Austrian Betriebsübergabe - as a private family etc. business transfer - are called 'Übergeber' and 'Übernehmer'. Reference: http://www.dict.cc/englisch-deutsch/assignation.html Reference: http://de.wiktionary.org/wiki/überbinden |
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