all'ordine di

English translation: payable to the order of ..

07:29 Jan 3, 2024
Italian to English translations [Non-PRO]
Bus/Financial - Business/Commerce (general) / sentenza
Italian term or phrase: all'ordine di
Il prezzo della cessione del ramo d'azienda è determinato in Euro
xxxxx(xxxx) ed è già stato pagato mediante bonifico bancario del giorno 24 luglio 2023 CRO n. xxxx tratto sull'xxxx S.P.A. - 030 FILIALE SEDE - all'ordine di L.G.
40/2023 xxxx.sp.a
mona elshazly
Egypt
Local time: 19:06
English translation:payable to the order of ..
Explanation:
> proceeds of assignment) payable to the order of vs. bill of lading *made out* to the order of
..
.... to the order of the named party for crediting to him, her or it or other arrangement/ dispoal thereof.

The problem with this 'to order' phrase is that, usually, it's not explained very well on many courses on negotiable instruments, banking or shipping, unless with a view to Notarial Practice.

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Note added at 14 days (2024-01-17 18:38:29 GMT) Post-grading
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could be payable to the order of xxxx.sp.a under an L.G. / Letter of Guarantee or Comfort Letter no.

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Note added at 14 days (2024-01-17 18:43:47 GMT) Post-grading
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or, as Martini suggests, to the compulsory receivers of the sp.a. aka in compulsory, court-supervised winding-up.
Selected response from:

Adrian MM.
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1payable to the order of ..
Adrian MM.
3 +1to the order of liquidation by court order
martini
3on behalf of
Susanna Martoni


Discussion entries: 1





  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
on behalf of


Explanation:
A nome di, per conto di

https://www.confindustriaemilia.it/flex/cm/pages/ServeBLOB.p...

L'assegno bancario costituisce un ordine disposto da un soggetto nei confronti di una banca (trattario) indicata sullo stesso, di pagare a vista una somma determinata all'ordine di un beneficiario, nominativamente indicato, ...



Susanna Martoni
Italy
Local time: 18:06
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 12
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7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
to the order of liquidation by court order


Explanation:
"è già stato pagato"
per cui non può essere "payable "
L.G. = Liquidazione Giudiziale
https://www.tribunale.novara.giustizia.it/news_AreaConcordat...

Liquidation by court order (nel corpo della risposta)
https://www.proz.com/kudoz/italian-to-english/law-general/29...


What's the difference between administration and liquidation?
insolvency.co.uk
https://www.insolvency.co.uk › i...

Compulsory liquidation is liquidation by court order. It's resorted to by your creditors if there's no other option available for them to be repaid the ...

è una proposta "letterale"

martini
Italy
Local time: 18:06
Works in field
Native speaker of: Italian
PRO pts in category: 16

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I think you deserve some credit for telling us what LG means, even though it wasn't in the question and your translation isn't quite right. Maybe 'payable to xxx spa, liquidation reference LG 40/2023'.
32 mins
  -> but "è già stato pagato" = it has already been paid
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
payable to the order of ..


Explanation:
> proceeds of assignment) payable to the order of vs. bill of lading *made out* to the order of
..
.... to the order of the named party for crediting to him, her or it or other arrangement/ dispoal thereof.

The problem with this 'to order' phrase is that, usually, it's not explained very well on many courses on negotiable instruments, banking or shipping, unless with a view to Notarial Practice.

--------------------------------------------------
Note added at 14 days (2024-01-17 18:38:29 GMT) Post-grading
--------------------------------------------------

could be payable to the order of xxxx.sp.a under an L.G. / Letter of Guarantee or Comfort Letter no.

--------------------------------------------------
Note added at 14 days (2024-01-17 18:43:47 GMT) Post-grading
--------------------------------------------------

or, as Martini suggests, to the compulsory receivers of the sp.a. aka in compulsory, court-supervised winding-up.

Example sentence(s):
  • Negotiable bills of lading are the ones that have been issued “to order” or “to order of a named party”.
  • Pay to order ensures that only the intended recipient is authorized to receive payment.

    Reference: http://www.proz.com/kudoz/italian-to-english/bus-financial/1...
    Reference: http://www.proz.com/kudoz/italian-to-english/finance-general...
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 36
Notes to answerer
Asker: but there seems to be a law no. after?


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: But it's nothing to do with bills of lading.
4 hrs
  -> Thanks but it depends what L.G. means, unless it is indeed to the compulsory liquidators of the sp.a. aka in compulsory, court-supervised winding-up.
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