Glossary entry

Italian term or phrase:

Vendita Commissionaria

English translation:

Enforcement Order Auction of (moveable) assets (by a third party)

Added to glossary by Therese Marshall
May 22, 2019 06:42
4 yrs ago
5 viewers *
Italian term

Vendita Commissionaria

Italian to English Other Law (general) document issued by bankruptcy division of a court
Good morning dear colleagues,
I hope that someone can shed some light onto the correct translation of this term as it is the first time that I have come across it.

I am undecided whether to translate it as "Commission sales agreement" or "Broker sales agreement" or perhaps there is already a standard translation. I would appreciate any help you could provide. Thanks in advance!

Here is some further context:
VENDITA COMMISSIONARIA
L'anno 2016 il giorno 27 del mese di Febbraio in XXXX, in esecuzione del provvedimento del Giudice della Sezione Fallimentare del Tribunale di XXXX che ha disposto la vendita dei beni mobili inventariati nel fallimento XXXX P.Iva XXXX con sede in XXXX su istanza del Curatore Dr. XXXX, io sottoscritta XXXX funzionario del XXXX, fatta la ricognizione dei beni da vendersi e trovatili conformi a quelli descritti nell'inventario, procedo alla loro vendita come segue : Autovettura d' epoca M& targata Inglese XXXX, sprovvista di chiavi, documenti di circolazione e di proprietà. L' auto si presenta in buone condizioni d uso e di restauro. - . Aggiudicato all'ultimo maggior offerente: XXXX P.Iva 00722440161 con sede in XXXX per la somma di Euro XXXX + DIRITTI D'ASTA.
I beni vengono venduti nello stato di fatto e di diritto in cui si trovano e senza alcuna garanzia da parte del fallimento in ordine all'idoneità ed al funzionamento. Si precisa che l'acquirente e' obbligato , per i beni soggetti a specifica normativa di legge, in -caso di utilizzo per il ciclo produttivo, a provvedere ad adeguarli prima del loro uso secondo tale disposizione.
Il presente verbale viene chiuso.

Proposed translations

+1
31 mins
Selected

Enforcement Order Auction of (moveable) assets

I would say it like this. The Commissario is the agency authorised to oversee the auction of distrained property.

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Note added at 33 mins (2019-05-22 07:15:55 GMT)
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If this is an agreement or contract, then add in the term.
Peer comment(s):

agree philgoddard : I'm not sure about this agency you refer to, though. I think commissionaria just means "by a third party".
5 hrs
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1 hr

Commission agent's Bankruptcy Distress Sale

Target-audience country? > court-ordered Scots> moveables sequestration US> pers. prop. foreclosure sale

In E&W, it might be called a Commission agent's vs. a commercial factor's '*#auction# sale of goods by order of the court* - though an auction is generally implied.

In Scotland, Sequestration of moveables sale - sequestration is a bankruptcy process.

In the US, could also be a personal property foreclosure sale, perhaps, as foreclosure is used in a far wider sense than for land in the UK and can refer to pledges and personal property, goods and chattels.

Canada: www.investopedia.com/terms/d/distressale.asp
Example sentence:

By Order of the Court, J. 15. The committee must obtain liability insurance for the date of the sale in the amount of $1,000,000.

US Gwinnett County: Personal Property Foreclosure - Forms. ... That the property be advertised and sold as in the case of levy and sale under execution as by law provided.

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