Glossary entry (derived from question below)
French term or phrase:
de requête en concordat
English translation:
request for a composition with creditors
French term
United Kingdom
www.lingocraft.co.uk
Native in: English (Variants: British, Scottish, Irish, Singaporean, UK, South African) 
Works in: French to English, Italian to English, Romanian to English, and 2 more.
de requête en concordat
Tout membre du Groupement cesse automatiquement d’en faire partie en cas d’incapacité, de décès, de changement de son actionnaire principal sans l’accord du Groupement, de cessation ou modification d’activité commerciale, de dissolution volontaire ou judiciaire, de requête en concordat, de règlement judiciaire ou de jugement de faillite et en général en cas d’ouverture à l’encontre d’un membre.....
| 4 +3 | request for a composition with creditors |
Francois Boye
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| 3 | of a petition for a composition /or court-approved arrangement with creditors / |
Adrian MM.
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Proposed translations
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
request for a composition with creditors
Composition with Creditors A contract made by an insolvent or financially pressed debtor with two or more creditors in which the creditors agree to accept one specific partial payment of the total amount of their claims, which is to be divided pro rata among them in full satisfaction of their claims.
https://guichet.public.lu/fr/entreprises/sauvegarde-cessatio...
| agree |
AllegroTrans
: Yes, out-of-court ("extrajudicial") compositions with creditors are permissible in Belgium https://companies.bnpparibasfortis.be/en/article?n=which-pro...
1 hr
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Thanks!
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philgoddard
6 hrs
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Thanks!
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Mpoma
: Bridge says you get the chocolate biscuit
10 hrs
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Thanks very much!
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Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
of a petition for a composition /or court-approved arrangement with creditors /
The idea is in fact to forestall an insolvency.
AmE: motion for a Chapter ..... scheme.
concordat: composition or arrangement with creditors (approved by the court); treaty between a state and the Holy See (Bridge).
E&W: Tout membre du Groupement: *corporate* member applies for a court-ordered scheme of arrangement. Individual member: ... for an informal ('amiable') personal deed of arrangement.
Note that 'composition scheme' is a tax arrangement in India.
IATE: [TRADE > marketing] COM fr demande du concordat requête en concordat en application for a composition
Small taxpayers can get rid of tedious formalities of GST and can pay the tax at fixed rate under composition scheme.
http://iate.europa.eu/search/standard/result/1607028420660/1
http://eng.proz.com/personal-glossaries/entry/13567711-concordat-legal-settlement-in-bankruptcy
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AllegroTrans
: I somehow think (based on Lara's second question) this is referring to an out of court/"extrajudicial" request for a composition with creditors, as the follow-on (in her second question) deals with in-court insolvency proceedings
46 mins
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// It's not a demande // requête is an *ex parte* appl. to the ct. 'w/o notice' to the other side. An ex-colleague of mine was once rapped *for prof. neg.* on the knuckles over this omission www.larousse.fr/dictionnaires/francais/requête/68550
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Discussion