TERMIUM Plus^®

Record 1,  Textual support,  French

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 OBS

Adopted by UNCITRAL [United Nations Commission on International Trade Law] on 30 May 1997, the Model Law is designed to assist States to equip their insolvency laws with a modern, harmonized and fair framework to address more effectively instances of cross-border insolvency. Those instances include cases where the insolvent debtor has assets in more than one State or where some of the creditors of the debtor are not from the State where the insolvency proceeding is taking place. The Model Law respects the differences among national procedural laws and does not attempt a substantive unification of insolvency law. It offers solutions that help in several significant ways, including : foreign assistance for an insolvency proceeding taking place in the enacting State; foreign representative's access to courts of the enacting State; recognition of foreign proceedings; cross-border cooperation; and coordination of concurrent proceedings.  2, record 2, English, - UNCITRAL%20Model%20Law%20on%20Cross%2DBorder%20Insolvency

Record number: 2, Textual support number: 2 OBS

UNCITRAL: United Nations Commission on International Trade Law.  3, record 2, English, - UNCITRAL%20Model%20Law%20on%20Cross%2DBorder%20Insolvency

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 OBS

Adoptée par la CNUDCI [Commission des Nations Unies pour le droit commercial international] le 30 mai 1997, la Loi type a pour objectif d'aider les États à donner à leur législation sur l'insolvabilité un cadre moderne, harmonisé et équitable, en vue de traiter plus efficacement les cas d'insolvabilité internationale, c'est-à-dire les cas où le débiteur insolvable dispose de biens dans plus d'un État ou lorsque certains des créanciers du débiteur ne sont pas de l'État où la procédure d'insolvabilité a été ouverte. La Loi type respecte les différences entre les règles de procédure nationales et ne tente pas d'unifier quant au fond les législations sur l'insolvabilité. Elle offre des solutions qui peuvent être utiles à plusieurs titres importants : assistance étrangère pour les procédures d'insolvabilité ouvertes dans l'État adoptant; accès du représentant étranger aux tribunaux de l'État adoptant; reconnaissance des procédures étrangères; coopération internationale et coordination des procédures concurrentes.  2, record 2, French, - Loi%20type%20de%20la%20CNUDCI%20sur%20l%27insolvabilit%C3%A9%20internationale

Record number: 2, Textual support number: 2 OBS

CNUDCI : Commission des Nations Unies pour le droit commercial international.  3, record 2, French, - Loi%20type%20de%20la%20CNUDCI%20sur%20l%27insolvabilit%C3%A9%20internationale

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 OBS

Fecha de aprobación: 30 de mayo de 1997. [...] La Ley Modelo tiene por objeto ayudar a los Estados a dotar a sus respectivos regímenes de la insolvencia de un marco legislativo moderno para resolver con mayor eficacia los casos de insolvencia transfronteriza en que el deudor se encuentre en una situación financiera muy precaria o sea insolvente. Su principal función es autorizar y alentar la cooperación y la coordinación entre jurisdicciones en lugar de promover la unificación del derecho sustantivo en materia de insolvencia, y respeta las diferencias entre los diferentes derechos procesales de cada país.  1, record 2, Spanish, - Ley%20Modelo%20de%20la%20CNUDMI%20sobre%20la%20Insolvencia%20Transfronteriza

Record number: 2, Textual support number: 2 OBS

CNUDMI: Comisión de las Naciones Unidas para el Derecho Mercantil Internacional.  2, record 2, Spanish, - Ley%20Modelo%20de%20la%20CNUDMI%20sobre%20la%20Insolvencia%20Transfronteriza

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

For the purposes of the Model Law [on Cross-Border Insolvency], a cross-border insolvency is one where the insolvent debtor has assets in more than one State or where some of the creditors of the debtor are not from the State where the insolvency proceeding is taking place.  2, record 3, English, - cross%2Dborder%20insolvency

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

Aux fins de la Loi type [de la Commission des Nations Unies pour le droit commercial international sur l'insolvabilité internationale], l'insolvabilité est dite internationale lorsque le débiteur insolvable dispose de biens dans plus d'un État ou lorsque certains des créanciers du débiteur ne sont pas de l'État où la procédure d'insolvabilité a été ouverte.  2, record 3, French, - insolvabilit%C3%A9%20transfrontali%C3%A8re

Record 3,  Textual support,  Spanish

Record number: 3, Textual support number: 1 CONT

A los efectos de la Ley Modelo [de la Comisión de las Naciones Unidas para el Derecho Mercantil Internacional sobre la Insolvencia Transfronteriza], una insolvencia transfronteriza es aquella en la que el deudor tiene bienes en más de un Estado o en la que algunos de los acreedores del deudor no son del Estado donde se está tramitando el procedimiento de insolvencia.  1, record 3, Spanish, - insolvencia%20transfronteriza

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

A prebankruptcy transfer made by an insolvent debtor to or for the benefit of a creditor, there by allowing the creditor to receive more than its proportionate share of the debtor's assets...  2, record 4, English, - preferential%20assignment

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 DEF

Cession faite par une personne insolvable en faveur d'un créancier en vue de procurer à ce créancier une préférence sur les autres créanciers.  1, record 4, French, - cession%20pr%C3%A9f%C3%A9rentielle

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

A fund that buys securities in distressed investments, such as high-yield bonds in or near default, or equities that are in or near bankruptcy.  2, record 5, English, - vulture%20fund

Record number: 5, Textual support number: 1 CONT

... where a creditor of an insolvent debtor assigns its interest to a "vulture fund, "any acquisition of the debtor's property by the vulture fund would not be exempt... because the vulture fund is not the creditor who entered into the credit transaction with the debtor.  3, record 5, English, - vulture%20fund

Record number: 5, Textual support number: 2 CONT

Although real estate values overseas are much firmer than in the U.S., investors are looking for bargains in spots such as London and Sydney, where office overbuilding has badly undercut prices. Jones Lang Wootton, the British real estate company, has set up a $3 billion "vulture fund" to swoop in on vulnerable properties.  4, record 5, English, - vulture%20fund

Record number: 5, Textual support number: 1 OBS

The term "vulture fund" is formed by collocation (noun compound) to form one unit of meaning to designate a new notion. The word "vulture" is used in its figurative sense which means "something which preys upon a person, the mind, etc., after the manner of a vulture."  5, record 5, English, - vulture%20fund

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 DEF

Fonds commun de placement ou société d'investissement à capital variable qui acquiert à bas prix des titres de sociétés en difficulté dans le dessein d'en ravir le contrôle.  2, record 5, French, - fonds%20%C3%A0%20vautour

Record number: 5, Textual support number: 1 CONT

[...] si le créancier d'un débiteur insolvable cède son intérêt à un «fonds à vautour», l'acquisition des biens du débiteur par ce fonds n'est pas soustraite [...] parce que le fonds n'est pas le créancier qui a réalisé la transaction de crédit avec le débiteur.  3, record 5, French, - fonds%20%C3%A0%20vautour

Record 5,  Textual support,  Spanish

Record number: 5, Textual support number: 1 DEF

Fondo de capital riesgo que invierte en una entidad o en deuda pública de un país cercanos a la quiebra.  1, record 5, Spanish, - fondo%20buitre

Record number: 5, Textual support number: 1 OBS

La Fundación del Español Urgente (Fundéu BBVA), con el asesoramiento de la Real Academia Española, indica que la expresión "fondo buitre" no necesita comillas al estar ya extendida en los medios de comunicación. Se recuerda asimismo que el plural mayoritario en el uso es "fondos buitre".  1, record 5, Spanish, - fondo%20buitre

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

In a considerable number of civilizations, an insolvent debtor either became his creditor's slave or could be sold by the latter to a third person. Usually the condition arose from a pledge by a debtor of his personal services, or those of a person under his control, as security for a loan. The main feature of such an arrangement is that the value of services furnished is not applied toward the liquidation of the debt. Consequently the individual pledged has practically no hope ever to escape his servile condition.  4, record 6, English, - debt%20bondage

Record number: 6, Textual support number: 1 OBS

The term "bonded labor" was confirmed as a synonym by the Office of International Affairs, Labour Canada.  3, record 6, English, - debt%20bondage

Record number: 6, Textual support number: 2 OBS

Reproduced from the Glosario Provisional de Términos Jurídicos with the permission of the United Nations Office at Geneva.  5, record 6, English, - debt%20bondage

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 OBS

Servitude pour dette : terme également tiré de la Convention concernant l'abolition du travail forcé, 1959.  3, record 6, French, - servitude%20pour%20dettes

Record 6,  Textual support,  Spanish

Record number: 6, Textual support number: 1 OBS

Reproducido del Glosario Provisional de Términos Jurídicos con la autorización de la Oficina de las Naciones Unidas en Ginebra.  2, record 6, Spanish, - servidumbre%20por%20deudas

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 OBS

bankrupt or insolvent debtor : extracted from the Standard Acquisition Clauses and Conditions(SACC) Manual, produced by Public Works and Government Services Canada.  2, record 7, English, - bankrupt%20or%20insolvent%20debtor

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 OBS

débiteur en faillite ou insolvable : extrait du Guide des clauses et conditions uniformisées d'achat (CCUA) de Travaux publics et Services gouvernementaux Canada.  2, record 7, French, - d%C3%A9biteur%20en%20faillite%20ou%20insolvable

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Consumer debtor means a natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person's principal residence, do not exceed seventy-five thousand dollars...  3, record 8, English, - aggregate%20debt

Record 8,  Textual support,  French

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 DEF

A statement of an insolvent debtor that accounts for the excess of liabilities over the estimated realizable value of assets.  3, record 9, English, - deficiency%20account

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 DEF

Rapport établi en vue d'expliquer l'excédent du passif sur la valeur de réalisation estimative des éléments d'actif d'un débiteur insolvable.  1, record 9, French, - rapport%20d%27insolvabilit%C3%A9

Record 9,  Textual support,  Spanish