proposta concordataria

English translation: composition with creditors proposal

09:19 Dec 19, 2019
Italian to English translations [PRO]
Law/Patents - Law (general)
Italian term or phrase: proposta concordataria
I have translated this as 'composition proposal' but it doesn't seem great.

Con ricorso depositato avanti al Tribunale di Latina in data 12 giugno 2019,
già completo di piano e proposta concordataria (di seguito, “Proposta”),
Arescosmo ha chiesto di essere ammessa alla procedura di concordato
preventivo ai sensi e per gli effetti degli artt. 160 e 161 L.F..
Rory Andrew Gale
France
Local time: 21:36
English translation:composition with creditors proposal
Explanation:
https://www.translegal.com/legal-english-dictionary/composit...
Selected response from:

Silvia Marinucci
Italy
Local time: 21:36
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1composition with creditors proposal
Silvia Marinucci
3 +1(BrE) proposed (corp.) scheme of arrangement (with creditors)
Adrian MM.


  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
composition with creditors proposal


Explanation:
https://www.translegal.com/legal-english-dictionary/composit...

Silvia Marinucci
Italy
Local time: 21:36
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 21

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or settlement.
5 hrs
  -> thank you philgoddard!
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33 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(BrE) proposed (corp.) scheme of arrangement (with creditors)


Explanation:
If personal, then an indvidual deed of arrangement.

I don't recognised the IATE translation of composition - mea culpa!

Example sentence(s):
  • A scheme of arrangement is an agreement, between a company in ... each other on whether to vote for or against the *proposed schemeÜ.

    Reference: http://iate.europa.eu/search/standard/result/1576748948485/1
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 338

Peer comments on this answer (and responses from the answerer)
agree  Irene (Renata) Liapis
4 hrs
  -> Thanks, gracias and efaristo! It is common in the UK for accountants, acting as insolvency practitioners, to work on arrangements of such kind.
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