maggioranze concordatarie

English translation: majority creditors

10:50 Dec 20, 2019
Italian to English translations [PRO]
Law/Patents - Law (general)
Italian term or phrase: maggioranze concordatarie
From an insolvency document

Permettendo la coesistenza della procedura esecutiva individuale
e di quella concorsuale, in spregio ai dettami della normativa
fallimentare, vengono completamente svuotati di contenuto anche i
principi delle maggioranze concordatarie (cfr. artt. 177 e 184 L.F.),
Rory Andrew Gale
France
Local time: 22:51
English translation:majority creditors
Explanation:
https://www.bancaditalia.it/pubblicazioni/note-stabilita/201...

https://www.lawinsider.com/dictionary/majority-creditors

https://uk.practicallaw.thomsonreuters.com/0-107-7201?transi...

https://www.thebalancesmb.com/types-of-foreclosures-on-busin...
Selected response from:

Silvia Marinucci
Italy
Local time: 22:51
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
3majority creditors
Silvia Marinucci
3scheme majority (assent) numbers
Adrian MM.


  

Answers



1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
scheme majority (assent) numbers


Explanation:
namely scheme decisions carried by a majority of assenting or dissenting creditors voting in favo(u)r or against.

Example sentence(s):
  • One common requirement specified in the workout agreement is that at least a certain percentage of the creditors must agree to the workout, since non-assenting creditors are free to pursue their own individual remedies & leave less to workout creditors.

    Reference: http://thismatter.com/money/credit/debt/state-insolvency-pro...
    Reference: http://www.brocardi.it/legge-fallimentare/titolo-iii/capo-v/...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 342
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