Jul 10, 2011 21:37
12 yrs ago
13 viewers *
Spanish term

SCT

Spanish to English Bus/Financial Finance (general) Issue prospectus
Hi all,

The above acronymn is proving difficult in this translation: I used "single member company", although Im not sure this is correct.

La necesidad de dicha operación de re-estructuración deriva del hecho de que la citada unidad económica se encontraba anteriormente disgregada en distintas personas jurídicas integradas en el Grupo xx, concretamente las sociedades xx , xx y xx S.A., Sociedad Unipersonal ("SCT")

Thank you all

Proposed translations

+1
11 hrs
Selected

"SCT"

Look carefully at your text and the words used. I think this is simply the term defined for one or more of the companies or units previously described. I have never seen this term used for a single member, or shareholder company.
Peer comment(s):

agree Rachel Freeman : On further inspection I think you're right. SCT does not refer to a single member company
3 hrs
Thanks Rachel.
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4 KudoZ points awarded for this answer. Comment: "thanks"
28 mins

single-member company

According to IATE, the translation for sociedad unipersonal is single-member company or "one man" company. I have found more hits for single-member company. This term is also used in documents for the European parliament.
Peer comment(s):

neutral AllegroTrans : neither of your links will work, but I am wary of Eurobabble translations as the Spanish, and EN (speaking) systems are so different; I would retain the Spanish and give this explanation in brackets, despite what IATE says
1 hr
neutral FVS (X) : I don't think it refers to this.
11 hrs
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1 hr

Sociedad Unipersonal [Spanish Sole or Single Director Company]

A similar entity can be incorporated in UK or Ireland, but of course the Spanish system is quite different. For that reason I would retain the Spanish.
Peer comment(s):

neutral FVS (X) : AT, in Spain a Sociedad Unipersonal is a Single Member Company if it is an S.L. or Single Shareholder Company if it is an S.A. In the two cases they become xx, S.L.U. or S.A.U.
9 hrs
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