23:08 Mar 2, 2012 |
Ukrainian to English translations [PRO] Bus/Financial - Finance (general) / Registration and licensing of banks | |||||||
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| Selected response from: ViBe Local time: 22:48 | ||||||
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Summary of answers provided | ||||
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5 +1 | material shareholding in a bank |
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5 | substantial shareholding in a bank |
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4 | Majority share in bank |
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Majority share in bank Explanation: ... |
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substantial shareholding in a bank Explanation: It doesn't necessarily have to be majority shareholding according to Ukrainian legislation. Істотна участь -- пряме або опосередковане, самостійно або спільно з іншими особами володіння 10 і більше відсотками статутного капіталу або права голосу придбаних акцій (паїв) юридичної особи або незалежна від формального володіння можливість вирішального впливу на керівництво чи діяльність юридичної особи. Закон "Про банки і банківську діяльність" -------------------------------------------------- Note added at 1 hr (2012-03-03 00:43:42 GMT) -------------------------------------------------- Sometimes is called "qualifying shareholding" in other countries. You can google it. |
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material shareholding in a bank Explanation: "істотний" is more often translated into legalese as "material": "The Ukrainian Parliament Changes the Procedure for Acquisition of Material Shareholding in Ukrainian Banks... The Amendments introduce amore complex procedure for acquiring or increasing amaterial shareholding in Ukrainian banks, under which an acquirer of 10, 25, 50 or 75 per cent of the Ukrainian bank's charter capital will be required tomake a 3-month prior notice (the "Notice") to the National Bank of Ukraine (the "NBU") and the respective target bank regarding its intention to acquire or increase its shareholding if it would reach any of the foregoing thresholds." Reference: http://www.chadbourne.com/files/Publication/9a2716c5-c820-40... |
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