May 4, 2001 05:27
23 yrs ago
2 viewers *
Spanish term
comision coordinadora del cierre
Spanish to English
Bus/Financial
(El Salvador) ...remitimos copia del balance general y estado de resultados a la Comision Coordinadora del Cierre de la Compania...
Proposed translations
(English)
| 0 | company liquidators |
tramont (X)
|
| 0 | receivership committee |
Parrot
|
Proposed translations
42 mins
Selected
company liquidators
Literally "commission for the closure of the company". Receivers or administrators are called in to manage an insolvent company; liquidators have the role of closing it down. The reference below gives some information on the different terms.
Reference:
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5 hrs
receivership committee
comisión o síndico encargado de la administración de una empresa en suspensión de pagos.
By the way, which law is in question? I ask because bankruptcy proceedings in he UK and the US are a one-step procedure (bankruptcy=receivership and liquidation) whereas in Spain there is an intermediate period called "suspensión de pagos" in which no liquidation is effected pending court decision or settlement.
By the way, which law is in question? I ask because bankruptcy proceedings in he UK and the US are a one-step procedure (bankruptcy=receivership and liquidation) whereas in Spain there is an intermediate period called "suspensión de pagos" in which no liquidation is effected pending court decision or settlement.
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