Glossary entry (derived from question below)
French term or phrase:
action en comblement de passif
English translation:
action for an order {against co. officers} to contribute to the {company's} assets
Added to glossary by
Adrian MM. (X)
Oct 5, 2006 08:41
17 yrs ago
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French term
France
12 years' experience
Native in: English
Works in: French to English, Italian to English, Spanish to English, and 1 more.
action en comblement de passif
French to English
Other
Law (general)
Employment Tribunal
In this case before the Employment Tribunal, we hear about a "procédure collective" (insolvency proceedings) in which the lawyer in charge has "diligenté une action en comblement de passif à rencontre de la Société XYZ".
Proposed translations
(English)
| 4 +1 | action for an order to contribute to the company's assets |
Adrian MM. (X)
|
| 3 +1 | action to cover the Company's debt at the expense of its managers |
a05
|
Proposed translations
+1
8 hrs
Selected
action for an order to contribute to the company's assets
I'm wary of suggesting established UK insolvency terms that are usually disliked by translators.
Anyway see the UK Insolvency Act 1986 for cases of personal liability to contribute to the co's assets i.e. to make up for (comblement) the shortfall:
s. 212 - misapplication of funds coming to light on a winding-up
s. 213 - fraudulent trading - court can order any party to make a contrib.
s. 214 - wrongful trading - court can order an ord. or shadow director to make a contrib.
The last 2 apply to an insolvent liquidation of a company.
Eurodicautom's entry is a literal contrivance:
Subject Law - Legislation - Jurisprudence (JU)
(1)
TERM action en comblement du passif social
Reference Bulletin des C.E.,Supplément 2/82
Note {NTE} droit de la faillite
(1)
TERM *action to make good a deficiency in the company's assets*
Reference Bollettino delle C.E.,Supplemento 2/82
Anyway see the UK Insolvency Act 1986 for cases of personal liability to contribute to the co's assets i.e. to make up for (comblement) the shortfall:
s. 212 - misapplication of funds coming to light on a winding-up
s. 213 - fraudulent trading - court can order any party to make a contrib.
s. 214 - wrongful trading - court can order an ord. or shadow director to make a contrib.
The last 2 apply to an insolvent liquidation of a company.
Eurodicautom's entry is a literal contrivance:
Subject Law - Legislation - Jurisprudence (JU)
(1)
TERM action en comblement du passif social
Reference Bulletin des C.E.,Supplément 2/82
Note {NTE} droit de la faillite
(1)
TERM *action to make good a deficiency in the company's assets*
Reference Bollettino delle C.E.,Supplemento 2/82
Example sentence:
Wrongful trading is an action that can be taken only by a company's ... to make such contributions to the company's assets as the court thinks proper. ...
Reference:
4 KudoZ points awarded for this answer.
Comment: "Many thanks."
+1
2 hrs
action to cover the Company's debt at the expense of its managers
Action menée contre un dirigeant de société, pour lui faire supporter personnellement les dettes d'une société en redressement ou liquidation judiciaire lorsque l'actif de cette société est insuffisant pour compenser les dettes
Reference:
http://www.lawperationnel.com/Dictionnaire_Juridique/Action%20en%20comblement%20de%20passif.htm
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