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Glossary entry

Russian term or phrase:

ограничение на распоряжение акциями

English translation:

restrictions on transfer of shares

Added to glossary by Remedios
Sep 9, 2008 18:55
15 yrs ago
1 viewer *
Russian term

ограничение на акции

Russian to English Bus/Financial Investment / Securities
Scenario - Company X is considering taking out a loan using shares in its company as collateral. It is being advised that this might not be a good idea так как уже существует ограничение на распоряжение данным пакетом со стороны Совета д-ов Company X. Наличие дополнительного ограничение на акции со стороны банка в случае предоставления кредит под залог could result in certain decisions of the Board of Directors being drawn out or blocked.

I was just going to use 'restriction' but it seems too literal. What does this oграничение consist of?

Any thoughts most welcome. Thanks!
Proposed translations (English)
4 +1 restrictions on transfer of shares
4 +2 restrictions on disposal of the shares
4 subject to directors' lock-up
2 encumbrance
Change log

Sep 17, 2008 09:46: Remedios Created KOG entry

Discussion

Remedios Sep 12, 2008:
Знакомая картина: переводчикам дают слишком мало информации :(.
Хочу, однако, добавить, что американские и английские юристы (в нашей фирме) никогда не употребляют disposal, если речь идет об отчуждении, но всегда - transfer.Дело ваше, впрочем :). Удачи!
Emily Justice (asker) Sep 12, 2008:
No more context! Good evening,
Thank you for all your help everyone. The problem is I don't have access to any more information. I don't have the articles of association. These are documents from some years ago, and I can't approach the company in question. I think I will just go for a very general 'restrictions on the disposal of the shares by the Board of Directors', as suggested by Igor. I think the main point is that 'restrictions of some kind' apply to the Board.
Remedios Sep 12, 2008:
Эмили, вы нас заинтриговали :). С нетерпением ждем развязки: что говорят учредительные документы о правомочии распоряжения акциями?
Clue Sep 11, 2008:
Это может быть прописано в учредительных документах. Зависит от того, на каком основании было введено это ограничение. В Вашем случае почему возникло ограничение?
Emily Justice (asker) Sep 11, 2008:
MORE Who imposes the lock-on on the Board of Directors? Do they impose it on themselves?
Clue Sep 11, 2008:
Это и называет lock-up or lock-in, когда директора не вправе в течение определенного периода времени совершать сделки с принадлежащими им акциями
Remedios Sep 10, 2008:
"ограничение на распоряжение данным пакетом со стороны Совета" означает, что это ограничение установлено самим советом директоров (imposed by).
Emily Justice (asker) Sep 10, 2008:
со стороны Is it immediately obvious that the restriction applies TO the Board, and not that the restricted is imposed BY the Board? Thanks!
Remedios Sep 10, 2008:
Если распоряжение означает определение юридической судьбы имущества, то чем оно шире transfer'а, определение которого я процитировала?
Kameliya Sep 10, 2008:
право собственности Согласно ГК РФ право собственности включает права владения, пользования и РАСПОРЯЖЕНИЯ. Понятие распоряжения шире понятия transfer that means to make over property to another person, to convey.
Remedios Sep 9, 2008:
Transfer vs Disposition Transfer - an act of the parties, or of the law, by which the title to property is conveyed from one person to another. The sale and every other method, direct or indirect, of disposing of or parting with the possession thereof... (Black's Law Dictionary)

Disposition - act of disposing; transferring to the care or possession of another. The parting with, alientation of, or giving up property... (Ibid)
Clue Sep 9, 2008:
передача vs. распоряжение передача акций и распоряжение акциями - это разные вещи

Proposed translations

+1
30 mins
Selected

restrictions on transfer of shares

The Law of Corporations and Other Business Organizations - Результат из Google Книгиавтор(ы): Angela Schneeman, Schneeman - 2002 - Business & Economics - Количество страниц: 674
7.9 RESTRICTIONS ON TRANSFER OF SHARES OF CORPORATE STOCK The freedom to transfer corporate stock without restrictions has always been considered a basic ...

SEC Info - Sequenom Inc - S-1/A - On 1/24/0 - EX-10.53 - [ Перевести эту страницу ]
Restrictions on Transfer of Shares. ---------------------------------- (a) Corporation's Right of First Refusal. Prior to closing of a firm ...

TVC holdings plc - [ Перевести эту страницу ]
11 Jul 2007 ... Restrictions on Transfer of Shares Lock-in agreements which applied to the Directors of TVC Holdings plc, former shareholders in Trinity ...

И т.д.

--------------------------------------------------
Note added at 40 мин (2008-09-09 19:35:46 GMT)
--------------------------------------------------

дополнительное ограничение на акции со стороны банка можно дать как Bank's security interest in the shares
Peer comment(s):
agree Сергей Лузан : Don´t see anything wrong with "restriction/s"
14 mins
Me neither. Thank you!
disagree Kameliya : против transfer
9 hrs
Спасибо за мнение. Вы не могли бы ответить на мой вопрос в разделе Request clarification, пжлст?
agree Tatiana N. (X)
1 day 4 hrs
Спасибо!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Many thanks everyone. Since posting I have worked on another document for the same project and it clearly mentions 'restrictions on transferring the shares'. So I can confidently select Remedios's answer here. But, yes, definitely a case of not having enough context in the first place."
28 mins

subject to directors' lock-up

or board of directors lock-up restrictions

versus encumbrance or encumbered by the bank
Something went wrong...
9 hrs

encumbrance

Sounds a lot like encumbrance to me.
Something went wrong...
+2
2 days 16 hrs

restrictions on disposal of the shares

disposal means a sale, transfer, assignment, grant, lease, licence, declaration of trust or other disposal, whether voluntary or involuntary

restrictions mean some provisions that limit rights of the BoD to dispose company's shares provided either in Co's constituent documents or statutory
Peer comment(s):
agree Serhiy Tkachuk : ! вот он правильный ответ
1 hr
Спасибо.
agree Kameliya
18 hrs
Спасибо.
Something went wrong...
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