Glossary entry

Spanish term or phrase:

disponga concertadamente

English translation:

it may possess in concert with

Added to glossary by Adrian MM. (X)
Mar 10, 2013 19:10
11 yrs ago
8 viewers *
Spanish term

disponga concertadamente

Spanish to English Bus/Financial Law: Contract(s)
En particular, se presumirá que existe control cuando x Inc., que se calificará como sociedad dominante, se encuentre en relación con otra sociedad, que se calificará como dependiente, en alguna de las siguientes situaciones:
Posea la mayoría de los derechos de voto en relación con su capital social o equivalente.
Tenga la facultad de nombrar o destituir a la mayoría de los miembros del órgano de administración.
Pueda disponer, en virtud de acuerdos celebrados con terceros, de la mayoría de los derechos de voto.
Haya designado con sus votos a la mayoría de los miembros del órgano de administración, que desempeñen su cargo en el momento en que deban formularse las cuentas consolidadas y durante los dos ejercicios inmediatamente anteriores.
A los efectos de esta definición a los derechos de voto de la entidad dominante se añadirán los que posea a través de otras sociedades dependientes o a través de personas que actúen en su propio nombre pero por cuenta de la entidad dominante o de otras dependientes o ****aquellos de los que disponga concertadamente con cualquier otra persona****..

I AM HAVING TROUBLE UNDERSTANDING THE VERY END OF THIS PARAGRAPH. Any help would be much appreciated. Thanks.
Change log

Apr 18, 2013 11:10: Adrian MM. (X) Created KOG entry

Proposed translations

2 hrs
Spanish term (edited): o aquellos de los derechos de voto que disponga concertadamente
Selected

it may possess in concert with

It's the votes which are available, at the disposal, controlled, accessed or possessed etc. (disponga de los derechos) and not the controlling entity itself or controlled entities themselves.
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4 KudoZ points awarded for this answer. Comment: "Many thanks to all"
11 mins

available in concert/conjunction

... those available in concert/conjunction with any other person
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+1
7 hrs

may have in concert with

may have: is potential
Peer comment(s):

agree Charlesp
13 hrs
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47 mins

or those which which it has made arrangements with any person BUT...see below

This is the famous Section 42 of the Spanish Commercail Code, which pops up on my translations at least once a week.

The answer given is from the English version published by the Spanish Ministry of Justice, see

http://www.mjusticia.gob.es/cs/Satellite/1292363991034?blobh...

However, I am not sure I agree entirely with the translation. I would say

"... or those in respect of which it acts in concert with any person."

Take you pick and have fun.

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Note added at 49 mins (2013-03-10 20:00:29 GMT)
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For the Spanish version see

http://www.boe.es/buscar/act.php?id=BOE-A-1885-6627

and go to Articulo 42

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Note added at 1 hr (2013-03-10 20:39:33 GMT)
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sorry the original answer should read

WITH which

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Note added at 12 hrs (2013-03-11 08:01:22 GMT)
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This is not the first time that in a legal document, especially contracts or finance agreements, the definition of control contained in Section 42 of the Commercial Code has been lifted verbatim.
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