personenlose Gesellschaft

English translation: partnership wth no personal members

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:personenlose Gesellschaft
English translation:partnership wth no personal members
Entered by: Adrian MM. (X)

22:12 Nov 27, 2015
German to English translations [PRO]
Law/Patents - Law: Contract(s)
German term or phrase: personenlose Gesellschaft
from a contract regarding the sale of limited partnership shares and the replacement of general partners:

"Bei den Gesellschaften handelt es sich um personenlose Gesellschaften."
Beatrix D
Local time: 11:16
corporate-member partnership (wth no personal partners)
Explanation:
limited partnership > KG Gmbh & Co. that can comprise both limited personal (human) partners: Kommandisten and a general (non-personal corporate) partner > Komplementärin (e.g. the GmbH)

Corporate member left of the KG > a pG

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Note added at 26 mins (2015-11-27 22:38:31 GMT)
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Kommanditisten...

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Note added at 12 hrs (2015-11-28 10:12:47 GMT)
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A 'non-human' partnership:

since the Wall Street crash and economic crisis of 1929, German, Austrian & Swiss etc. traders and operators are not keen on unlimited liability, namely of a Komplementär: a general, unltd. partner.

So the latter - in a limited partnership of a KG (that BTW has Articles of Partnership and not Assoc. or Incorpoation) - is invariably made a GmbH-Komplementärin, paradoxically to limit the latter's own liability to the amount of its shares.
Selected response from:

Adrian MM. (X)
Local time: 19:16
Grading comment
This has been quite helpful in sorting things out. I ended up calling this a "company with no natural person"
2 KudoZ points were awarded for this answer



Summary of answers provided
3outsourcing company
David Hollywood
3corporate-member partnership (wth no personal partners)
Adrian MM. (X)
3 -2abandoned company
Daniel Arnold (X)
Summary of reference entries provided
A limited company?
José Patrício

Discussion entries: 9





  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
outsourcing company


Explanation:
I would say

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Note added at 2 hrs (2015-11-28 00:39:36 GMT)
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they farm the work out

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Note added at 2 hrs (2015-11-28 00:50:21 GMT)
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bur we really need more context to be sure

David Hollywood
Local time: 14:16
Native speaker of: English
PRO pts in category: 327

Peer comments on this answer (and responses from the answerer)
neutral  writeaway: any refs at all to back this translation?
1 hr
  -> none at all so only CL3 and probably should be 2

neutral  AllegroTrans: I fail to see where you get "outsourcing" from
15 hrs
  -> wasn't much more than a guess and I agree with you and writeaway .... very speculative and I did a lot of research on the term so ... you're right to query
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24 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
corporate-member partnership (wth no personal partners)


Explanation:
limited partnership > KG Gmbh & Co. that can comprise both limited personal (human) partners: Kommandisten and a general (non-personal corporate) partner > Komplementärin (e.g. the GmbH)

Corporate member left of the KG > a pG

--------------------------------------------------
Note added at 26 mins (2015-11-27 22:38:31 GMT)
--------------------------------------------------

Kommanditisten...

--------------------------------------------------
Note added at 12 hrs (2015-11-28 10:12:47 GMT)
--------------------------------------------------

A 'non-human' partnership:

since the Wall Street crash and economic crisis of 1929, German, Austrian & Swiss etc. traders and operators are not keen on unlimited liability, namely of a Komplementär: a general, unltd. partner.

So the latter - in a limited partnership of a KG (that BTW has Articles of Partnership and not Assoc. or Incorpoation) - is invariably made a GmbH-Komplementärin, paradoxically to limit the latter's own liability to the amount of its shares.


    Reference: http://www.tagesspiegel.de/wirtschaft/bvs-wird-aufgeloest-23...
Adrian MM. (X)
Local time: 19:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 572
Grading comment
This has been quite helpful in sorting things out. I ended up calling this a "company with no natural person"

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans
17 hrs
  -> Thanks.

disagree  Daniel Arnold (X): a corporation is a legal entity under law, a person in German means legal entity
1 day 23 hrs
  -> totally muddled thinking: a partnership is also a legal entity in DE but not UK law, plus there are both natürliche und juristische Personen in DE, AT & CH law. This is one of the first Uni. lectures in the BGB DE and AGBG AT you MUST have attended..
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1 day 23 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -2
abandoned company


Explanation:
A company where all directors and officers have resigned. The legal shelf continues to exist but the company is "hollow" or defunct, without any legal representatives, office holders or members left in it. "Personen" here includes natural persons and legal entities.


    Reference: http://www.hg.org/article.asp?id=20317
Daniel Arnold (X)
Australia
Local time: 19:16
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 32

Peer comments on this answer (and responses from the answerer)
neutral  Albrecht Degering: I'd like to agree, because that's what I initially thought, but are you sure about the use in German?
53 mins

disagree  Adrian MM. (X): no such thing and the snake is eating its tail. If the 'companies' are defunct, they could not have been registered as replacing the general partners.
1 hr

disagree  AllegroTrans: This doesn't make sense (a "defunct" company would hardly be selling shares) and your ref. is about Spain and proves nothing
2 hrs
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Reference comments


25 mins
Reference: A limited company?

Reference information:
28/10/2015 · A limited company, also known as a limited liability company , is a type of business ownership that determines many aspects of the way the business is run - http://www.bing.com/search?q=limited company&pc=cosp&ptag=AC...

José Patrício
Portugal
Native speaker of: Native in PortuguesePortuguese
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