wrong pockets

Portuguese translation: financiado por fontes indevidas

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:wrong pockets
Portuguese translation:financiado por fontes indevidas
Entered by: Mario Freitas

10:01 Jun 22, 2017
English to Portuguese translations [PRO]
Law/Patents - Law: Patents, Trademarks, Copyright
English term or phrase: wrong pockets
Although XX confirm that XX accepts that the “related to” test is the correct test to be applied to the question of asset splitting, they note that this is not a workable definition in practice to implement in the context of a complex transaction which is why the exclusively or primarily test has been applied in the Transaction Agreement, further supported by the wrong pockets and sufficiency of assets tests.
edna osorio
Brazil
Local time: 11:41
financiado por fontes indevidas
Explanation:
Sugestão
Selected response from:

Mario Freitas
Brazil
Local time: 11:41
Grading comment
Obrigada
4 KudoZ points were awarded for this answer



Summary of answers provided
3beneficiários indevidos
Maria Teresa Borges de Almeida
3financiado por fontes indevidas
Mario Freitas
Summary of reference entries provided
Wrong pockets clause
Maria Teresa Borges de Almeida

Discussion entries: 3





  

Answers


15 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
beneficiários indevidos


Explanation:
Seria a minha sugestão em PT(pt)...

Maria Teresa Borges de Almeida
Portugal
Local time: 15:41
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 52
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
financiado por fontes indevidas


Explanation:
Sugestão

Mario Freitas
Brazil
Local time: 11:41
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
Grading comment
Obrigada
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Reference comments


8 mins
Reference: Wrong pockets clause

Reference information:
Wrong Pockets Clause

This clause is commonly found in share sale agreements and seeks to cater for inadvertent and, perhaps unknown, "wrong" ownership of assets. It provides for assets which have been attributed to the target company and which are subsequently identified to be owned by another member of the other group (i.e. "in the wrong pocket") to be transferred back to the target company at no further expense to the buyer.
http://www.wake-smith.co.uk/corporate-finance-glossary

Maria Teresa Borges de Almeida
Portugal
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 52
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