créance à l'encontre de X

11:26 Jan 8, 2014
This question was closed without grading. Reason: Answer found elsewhere

French to English translations [PRO]
Bus/Financial - Finance (general)
French term or phrase: créance à l'encontre de X
This phrase is bothering me, since it doesn't seem to make sense given the context. The document is a commercial lease, and the article is describing the guarantee deposit that must be paid by the Tenant to the Landlord:

S'agissant d'une créance à l'encontre du Bailleur, elle est nécessairement connexe à toute créance née des présentes, dont pourrait exciper le Bailleur à l'encontre du Preneur.

I would usually understand "creance a l'encontre du Bailleur" to mean that the landlord is the one that owes the money i.e. the tenant has a claim over the landlord, although I am slightly confused by the "exciper a l'encontre" bit. And then:

Dès lors, dans l'hypothèse d'un redressement judiciaire ou d'une liquidation judiciaire, le Bailleur est fondé à compenser le dépôt de garantie avec toutes sommes susceptibles de faire l'objet dans son intérêt d'une déclaration de créance, sans que la compensation ne modifie la nature de la créance et les éventuels privilèges qui y sont rattachés.

But this implies that the landlord is the one that has the claim over the deposit. It also isn't clear which party the liquidation refers to.

My overall feeling is that: if the tenant goes into liquidation, this landlord has a legitimate claim over this deposit and can offset it against any other amounts it is owed by the tenant by virtue of the lease. But I can't help but feel I've skipped over something.

I'm tying myself in knots, and hoping for an explanation by one less befuddled than I.

Many thanks.
Wendy Cummings
United Kingdom
Local time: 04:54


Summary of answers provided
3claim against X
Sandra & Kenneth Grossman


Discussion entries: 2





  

Answers


22 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
claim against X


Explanation:
The Landlord holds the deposit, from which it can deduct any debts created during the term of the lease. The balance of this deposit would probably have to be returned to the Lessee at the end of the lease.

In the event of Lessee's bankruptcy or other insolvency procedure, the Landlord can offset from this deposit any amounts that it can claim from the Lessee, without such offset affecting such claims in any way (liens, etc.).

Sandra & Kenneth Grossman
Israel
Local time: 06:54
Works in field
Native speaker of: Native in EnglishEnglish, Native in RomanianRomanian
PRO pts in category: 89
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search