This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
fôringsskruer
fallrettigheter

Glossary entry

Norwegian term or phrase:

Arrest i formuesgoder

English translation:

Sequestration of Assets

    The asker opted for community grading. The question was closed on 2022-01-29 09:54:18 based on peer agreement (or, if there were too few peer comments, asker preference.)
Jan 25, 2022 18:39
2 yrs ago
10 viewers *
Norwegian term

Arrest i formuesgoder

Norwegian to English Law/Patents Law (general)
Hi, I'm looking for suggestions of how to translate 'Arrest i formuesgoder' - any suggestions? Thanks (this is the heading of a court document, I understand that they want to temporarily secure a monetary claim, but cannot think of the best way to formulate this). Thanks
Proposed translations (English)
4 +2 Sequestration of Assets
3 freezing (AmE: levying) of assets

Proposed translations

+2
22 mins
Selected

Sequestration of Assets

See dictionary definitions in English and Norwegian below. Sequestration should cover the same scope as the source term.
Reference:

https://naob.no/ordbok/sekvestrere

https://www.merriam-webster.com/dictionary/sequestration

Peer comment(s):
agree Enrique Bjarne Strand Ferrer : or a more generic term: seize
2 hrs
Yes, good point. I considered seizure of assets as well. My argument would be that sequestration is more often considered a temporary measure, whereas a seizure of assets usually is of a more permanent nature.
agree Adrian MM. : A good compromise. NB though that sequestration in Scotland means permanent bankruptcy and, in England & Wales, is a rare High Court process e.g. for confiscating trade union funds, as ex-PM Maggie Thatcher did to punish striking Coal Miners 1984/85.
3 days 17 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
30 mins

freezing (AmE: levying) of assets

UK : Creditors have the right to *distraint*, which is the ability to seize assets in lieu of debts, once they have been granted a court order. When it comes to HMRC, they can skip the process since they do not need a court order. > cf. also attachment of earnings vs. garnishment of wages in the:

USA: A *levy* is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt.

formusegoder : compare in DEU Wirtschaftgüter as (long-term) trade investments held by one co. in another.
Example sentence:

IATE : da arrest EP en attachment EP seizure order EP garnishee order EP attachment for conservation EP protective attachment EP distraint order EP

IrE : It is quite common for parties in a divorce or judicial separation proceeding to apply for a court order preventing one spouse from dissipating or reducing the family assets. A freezing order is an essential part of your arsenal ...

Reference:

http://www.wikiwords.org/dictionary/term/13560/27076

http://www.peterboyle.ie/private-client-legal-services/mareva-injunctions/

Something went wrong...
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search