Glossary entry

Spanish term or phrase:

en liquidación Sucesor Legal

English translation:

Legal Successor in liquidation

Added to glossary by Michael Powers (PhD)
Jun 10, 2006 20:11
18 yrs ago
5 viewers *
Spanish term

en liquidación Sucesor Legal

Spanish to English Law/Patents Law: Contract(s) deed
I know what the correct translations are separately; however, when placing these together in this context, it becomes more difficult.

Please cite sources as always.

De acuerdo con los registros y controles de crédito del BANCO ABC, en liquidación Sucesor legal de la extintas instituciones de Ahoro y Préstamo:

Proposed translations

+2
5 mins
Selected

Legal Successor in liquidation

...to these former Savings and Loan institutions:

(does a list follow?)

The word order is a bit confusing, but it appears that BANCO ABC is not the one in liquidation but the other institutions.

Source is the usual one, the place where the hat rests.
Peer comment(s):

agree Ana Brause : Si, pero creo que invertiría la estructura.. yo creo que ABC está en liquidación y es sucesor legal de tales y cuales instituciones... Saludos =o)
1 hr
Gracias, Ana, por mencionar "extintas instituciones" al parecer son las que están en liquidación, y además falta una coma después de "liquidación" creo que ABC no, pero como siempre quisiera ver más CONTEXTO.
agree claudia bagnardi : De acuerdo con Ana. Henry, I like your source :)))
1 hr
Gracias, Claudia, I like it too!
neutral John Rynne : In Spain, when a company goes into liquidation, its name changes (legally) from "ABC, S.A." to "ABC, S.A. (en liquidación)". My reading is that ABC is in liquidation and that, by the way, it was the successor to a number of other banks/thrifts which are n
13 hrs
Myself, I'd like to see more CONTEXT, plus better punctuation in the original, because what you say could be.
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4 KudoZ points awarded for this answer. Comment: "Thank you Henry, Tom and Miguel - Mike :)"
1 hr

Successor-in-Title and Assign {following-winding-up} of

I agree with Henry, but feel liquidation only confuses the issue as just replicates the extinct label that comes after.

Example sentence:

necessary to prove that the latter is the successor in title to the ... members following the voluntary winding up of an association is now ...

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14 hrs

ABC Bank, in dissolution, and legal successor to the extinguished/liquidated S&L's institutions

As per the Alcaraz Varó Hughes Financial Dictionary and the legal one, and own experience.-

Looking at the context, to me this is an acceptable translation.-
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