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proceedings

English translation: Bankruptcy proceedings

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:proceedings
Selected answer:Bankruptcy proceedings
Entered by: humbird

20:44 Sep 28, 2006
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: proceedings
I am dealing with a legal document in which alas, you frequently come across this kind of sentences.
Although what I like to know is this:
Is this "business proceedings" or "legal procedings"?
Here's the context.

In the event of the death, bankruptcy or incapacity of the Client, or the commencement, at any time, of insolvency or winding-up **proceedings** or their equivalent in respect of the client ...........

I know context is not enough, but I would like to know you opinions/thoughts based on your experience.
humbird
Bankruptcy proceedings
Explanation:
It sounds like it is referring to (legal) proceedings for bankruptcy, especially because it is preceded by "insolvency".
Selected response from:

conejo
United States
Local time: 02:05
Grading comment
Thank you Conejo. You do E-J trans. and know what it takes. I must determine one way or the other, and you gave me a good ground to decide.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +4Bankruptcy proceedings
conejo
4both or either
Will Matter
3 +1a series of activities involving a set procedure
sergey (X)


  

Answers


12 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
Bankruptcy proceedings


Explanation:
It sounds like it is referring to (legal) proceedings for bankruptcy, especially because it is preceded by "insolvency".

conejo
United States
Local time: 02:05
Works in field
Native speaker of: English
PRO pts in category: 20
Grading comment
Thank you Conejo. You do E-J trans. and know what it takes. I must determine one way or the other, and you gave me a good ground to decide.

Peer comments on this answer (and responses from the answerer)
agree  Alaa AHMED
1 hr
  -> Thanks
agree  Dave Calderhead: winding-up procedings is synonymous with liquidation proceedings, i.e. both business and legal processes
3 hrs
  -> Thanks!
agree  claudia bagnardi: With Dave. It is a set phrase. Cheers. Claudia
5 hrs
  -> Thanks!
agree  Alfa Trans (X)
9 days
  -> Thanks
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13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
both or either


Explanation:
"proceedings" can refer to either legal proceedings or business proceedings or both. In this case, it means what procedures are to be used (should be followed) if the client starts (initiates) the process of declaring insolvency OR "winding up" their estate. In other words, if they initiate the process of declaring insolvency or "winding up" their estate the document that you have will tell others (such as a court) what to do next. HTH.

Will Matter
United States
Local time: 00:05
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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5 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
a series of activities involving a set procedure


Explanation:
.

--------------------------------------------------
Note added at 25 mins (2006-09-28 21:09:57 GMT)
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i think this set procedure is the same for anyone going broke and it involves both business and legal settlements...

sergey (X)
Local time: 08:05

Peer comments on this answer (and responses from the answerer)
agree  Ioanna Karamanou: for declaring banktruptcy or insolvency, yes, that's it
3 mins
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