Glossary entry (derived from question below)
Italian term or phrase:
patto paraconcordatario
English translation:
Draft Arrangement (or Proposed Composition) with Creditors
Added to glossary by
Adrian MM.
Mar 23, 2022 10:05
2 yrs ago
24 viewers *
Italian term
Italy
20 years in publishing and translation
Native in: Italian
Works in: English to Italian, Italian to English, French to Italian, and 4 more.
patto paraconcordatario
Italian to English
Bus/Financial
Finance (general)
creditors agreements/bankrupcy
Buongiorno, sto traducendo un decreto del tribunale (sezione fallimentare) e non so bene come tradurre 'patto paraconcordatario'. Ho trovato questo riferimento ma è solo in italiano, lo cito nel caso sia illuminante per i colleghi: https://www.advant-nctm.com/news/articoli/patti-paraconcorda...
Da questo articolo mi sembra di capire che i patti paraconcordatari siano 'accordi preliminari con i creditori non ancora stipulati'.
Questa la frase che posso condividere per dare un po' di contesto: 'in assenza del consenso al meccanismo di uscita dalla crisi e ai patti paraconcordatari da parte di un creditore fondamentale come X'
Grazie mille
Da questo articolo mi sembra di capire che i patti paraconcordatari siano 'accordi preliminari con i creditori non ancora stipulati'.
Questa la frase che posso condividere per dare un po' di contesto: 'in assenza del consenso al meccanismo di uscita dalla crisi e ai patti paraconcordatari da parte di un creditore fondamentale come X'
Grazie mille
Proposed translations
(English)
| 3 | Draft Arrangement (or Proposed Composition) with Creditors |
Adrian MM.
|
Change log
May 13, 2022 08:56: Adrian MM. Created KOG entry
Proposed translations
13 mins
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
77
Selected
Draft Arrangement (or Proposed Composition) with Creditors
E&W: Personal Deed or Corporate Scheme of Arrangement.
Arrangement with Creditors also used in the USA - see a Handbook of Business Law Terms, Black's.
'Pre-insolvency dividend' payment made to creditors called scheme, deed or composition payment. In all the aforesaid cases, the manager can be called the 'Scheme Trustee'.
Short answer, lest our UK accountants get confused, and to forestall or pre-empt oft-duplicated answers.
Arrangement with Creditors also used in the USA - see a Handbook of Business Law Terms, Black's.
'Pre-insolvency dividend' payment made to creditors called scheme, deed or composition payment. In all the aforesaid cases, the manager can be called the 'Scheme Trustee'.
Short answer, lest our UK accountants get confused, and to forestall or pre-empt oft-duplicated answers.
Example sentence:
IATE: en scheme of arrangement out of court COM it concordato proposto dal debitore COM
Arrangement with Creditors. The Seller proposes or makes any arrangement or composition with, or any assignment or trust for the benefit of, its creditors ..
4 KudoZ points awarded for this answer.
Comment: "Very clear, thank you"
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