Glossary entry

Swedish term or phrase:

förskottsutdelningar

English translation:

{interim} dividends-in-bankruptcy; (Will only) advancements

Added to glossary by Helen Johnson
Nov 8, 2006 07:35
17 yrs ago
Swedish term

förskottsutdelningar

Swedish to English Law/Patents Law (general) bankruptcy dispute
In my previous question concerning the bankruptcy, the term was 'förskottsbetalningarna'. Förskottsutdelning(ar) appears far more than 'betalningar'.
Are these advance distributions? Advice on the term usually used would be appreciated. In a moment I'll copy the context from my previous question.

Discussion

Helen Johnson (asker) Nov 8, 2006:
XX ansåg att Konkursboet tillämpat en felaktig princip för avräkning av de gjorda förskottsbetalningarna (avräkning mot upplupen ränta) och at boet inte ägt rätt att tillräkna sig s.k. utjämningsränta på de *förskottsutdelningar * som lämnats till X.

Proposed translations

+1
8 hrs
Selected

{interim} dividends-in-bankruptcy; (Will only) advancements

Gullberg SV/EN = interim dividend i.e. on co. shares.

Dividend-in-bankruptcy is different and is the pro rata payment unsatisfied creditors receive.

Interim is otiose in the UK, as a div.-in-bankruptcy is usually final, unless further (hidden or additional) assets of the judgment debtor turn up out-of-the-blue - in which event there will be extra distribs.

In the case of a Will only, a beneficiary receiving lifetime distribs = 'advancements' may, under the Will, have to account for such against any other gifts willed which are the 'brought into hotchpot' - not a meat stew BTW.

Example sentence:

förskottsutdelning innebär utdelning av medel innan det finns en fastställd ... Det finns inga regler i aktiebolagslagen om förskottsutdelning. ...

Enterprise Act Evaluation [Second IVA Interim Evaluation Report – appendix 4]. Page 1 of 9 ... Dividend in bankruptcy. (pence in pound) ...

Peer comment(s):

agree Roald Toskedal
15 hrs
Tusen takk!
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4 KudoZ points awarded for this answer. Comment: "Thanks very much, Tom!"
44 mins

advance distributions

Usually these advance distributions relate to prioritized claims. In Swedish these are claims with förmånsrätt.
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