Glossary entry

German term or phrase:

Insolvenzplanverfahren

English translation:

voluntary scheme of corporate arrangement

Added to glossary by Adrian MM. (X)
Mar 17, 2011 14:18
13 yrs ago
3 viewers *
German term

Insolvenzplanverfahren

German to English Law/Patents Law (general) Insolvency proceedings
Sanierung im Rahmen eines Insolvenzplanverfahrens....................................................................................
Change log

Mar 20, 2011 22:42: Adrian MM. (X) Created KOG entry

Discussion

Damn I was thinking "Insovenzplanverfahren [insolvency proceedings under German law] and thought that insolvency plan procedure / proceedings are a 'Notloesung', but if German Mayer Brown insolvency practitioners call it like that....hmmmm

Proposed translations

2 hrs
Selected

(UK) voluntary scheme of corporate arrangement

It is used 1. for an Unternehmen 2. that is facing insolvency and 3. the Plan is submitted to the court for approval.

No need to include the word insolvency as that is already implied by the scheme.
Example sentence:

corporate voluntary arrangement is used to rescue a company when it is insolvent ... of the company to give it time to work out a scheme to pay creditors

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4 KudoZ points awarded for this answer.
12 mins

insolvency proceedings

reorganization after coming out of bankruptcy (US)

Reorganisation upon leaving administration (UK)
Peer comment(s):

neutral AllegroTrans : neither of the 2 terms for US and UK mean the same as insolvency proceedings; in UK "proceedings" means through the Court (County Court or High Court in England & Wales); "reorganisation" and "administration" are conducted without Court proceedings
5 mins
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24 mins

insolvency restructuring procedures/measures

Unsure whether these are Germany (asker doesn't say)
I hesitate to use "proceedings" as this would imply Court proceedings
"Procedures" could stretch to mean both in-Court and non-Court measures

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Note added at 24 mins (2011-03-17 14:43:14 GMT)
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#
Insolvency and Restructuring in Germany: Recent Developments ...
Insolvency and Restructuring in Germany: Recent Developments ... Pre-insolvency restructuring must consider all aspects of German Corporate and Capital ...
www.weil.com/news/pubdetail.aspx?pub=4114 - Cached
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Linklaters - Linklaters is Insolvency & Restructuring Law ...
Linklaters is Insolvency & Restructuring Law Firm of the Year in Germany ... The law firm has won the renowned JUVE Award for Insolvency & Restructuring in Frankfurt. ...
www.linklaters.com/News/LatestNews/2009/Pages/110209.aspx - Cached
#
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+1
11 mins

insolvency plan proceedings

googles well

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Note added at 52 mins (2011-03-17 15:11:12 GMT)
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download this pdf, it should be helpful:
www.mayerbrown.com/publications/article.asp?id=9065&nid=6

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Note added at 54 mins (2011-03-17 15:12:42 GMT)
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here's another good one:
http://www.nortonrose.com/knowledge/publications/2008/pub185...
Peer comment(s):

neutral AllegroTrans : "googles well" doesn't mean it is a suitable translation; any refs?
4 mins
oh ye of little faith: http://www.lexology.com/library/detail.aspx?g=00d528bb-dd4b-...
agree Derek Gill Franßen : Dietl/Lorenz agrees, though Black's seems to prefer "bankruptcy plan," i.e., a "detailed program of action formulated by a debtor or its creditors to govern the debtor's rehabilitation, continued operation or liquidation, and payment of debts."
1 hr
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