Jul 22, 2019 16:50
4 yrs ago
8 viewers *
German term
Certified Translator/Reviewer 35Y f.t.
Native in: English 
, German
Works in: German to English, English to German, French to English, and 5 more.
Arrestierung
German to English
Bus/Financial
Law: Contract(s)
Vollstreckung
Unable to find this term anywhere, maybe specifically used in Swiss Law. It must mean freezing assets or seizure of assets. Has anyone come across this? Thank you for your input
Sollte der Betrag nicht fristgerecht gezahlt
worden sein, bedauern wir zutiefst, Ihnen
mitteilen zu müssen, dass wir sodann die
internationale Zwangsvollstreckung auf die
Bankkonten und andere Vermögenswerte
der Regierung der Republik XXX
betreiben werden. Eine **Arrestierung** von
Vermögenswerten der Regierung im Ausland
bleibt vorbehalten.
Sollte der Betrag nicht fristgerecht gezahlt
worden sein, bedauern wir zutiefst, Ihnen
mitteilen zu müssen, dass wir sodann die
internationale Zwangsvollstreckung auf die
Bankkonten und andere Vermögenswerte
der Regierung der Republik XXX
betreiben werden. Eine **Arrestierung** von
Vermögenswerten der Regierung im Ausland
bleibt vorbehalten.
Proposed translations
(English)
| 3 +3 | seizure/arrest |
Kim Metzger
|
| 5 | attachment |
Teresa Reinhardt
|
| 5 | seizure |
Cillie Swart
|
| 3 | sequestration; arrest (of ship) |
Adrian MM.
|
Proposed translations
+3
39 mins
Kim Metzger
Mexico
Mexico
Native in English
Specializes in field
Mexico
Committed to Quality and Service
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
1256
Selected
seizure/arrest
I'm not sure if there is a difference between seizing and 'arresting" assets.
Creditors may request the courts to take certain measures to secure the debtor's assets in order to make them available for eventual liquidation. The most important of these measures are the arrest of assets (Arrest / séquestre) and the challenge of unfair preferences (Anfechtung / révocation).
Debt collection by seizure of assets (Betreibung auf Pfändung / poursuite par voie de saisie): If the debt is not secured, and if the debtor is not a registered commercial entity but a private individual, all his assets can be seized and sold at auction.
Arrest
Creditors may request a court to order an arrest to be laid on certain assets belonging to the debtor. The arrest has the effect of a provisional seizure of these assets.[32]
An arrest may only be ordered if the creditor can establish the prima facie validity of his claim as well as one of several statutory prerequisites for an arrest. An arrest may notably be imposed if the debtor holds a certificate of unpaid debts against the debtor, if the debtor attempts to hide or dispose of his assets, or if the debtor is not resident in Switzerland. The arrest of the assets of foreign debtors also establishes a venue in Switzerland under Swiss private international law in which the debtor may be sued by the creditor, except if the Lugano Convention is applicable.[33] https://en.wikipedia.org/wiki/Insolvency_law_of_Switzerland
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Note added at 40 mins (2019-07-22 17:31:33 GMT)
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Arrest von Vermögenswerten (Art. 271 ff. SchKG). Mit dem Arrestgesuch kann der Gläubiger dafür sorgen, dass ein bestimmter, von ihm bezeichneter Vermögenswert der Schuldnerin auf Befehl des Arrestrichters überfallartig beschlagnahmt wird. http://www.schuldeninfo.ch/files/_documents/stichwoerter/arr...
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Note added at 41 mins (2019-07-22 17:32:02 GMT)
--------------------------------------------------
arrestieren – beschlagnahmen, pfänden
https://fwb-online.de/lemma/arrestieren.s.3v
Creditors may request the courts to take certain measures to secure the debtor's assets in order to make them available for eventual liquidation. The most important of these measures are the arrest of assets (Arrest / séquestre) and the challenge of unfair preferences (Anfechtung / révocation).
Debt collection by seizure of assets (Betreibung auf Pfändung / poursuite par voie de saisie): If the debt is not secured, and if the debtor is not a registered commercial entity but a private individual, all his assets can be seized and sold at auction.
Arrest
Creditors may request a court to order an arrest to be laid on certain assets belonging to the debtor. The arrest has the effect of a provisional seizure of these assets.[32]
An arrest may only be ordered if the creditor can establish the prima facie validity of his claim as well as one of several statutory prerequisites for an arrest. An arrest may notably be imposed if the debtor holds a certificate of unpaid debts against the debtor, if the debtor attempts to hide or dispose of his assets, or if the debtor is not resident in Switzerland. The arrest of the assets of foreign debtors also establishes a venue in Switzerland under Swiss private international law in which the debtor may be sued by the creditor, except if the Lugano Convention is applicable.[33] https://en.wikipedia.org/wiki/Insolvency_law_of_Switzerland
--------------------------------------------------
Note added at 40 mins (2019-07-22 17:31:33 GMT)
--------------------------------------------------
Arrest von Vermögenswerten (Art. 271 ff. SchKG). Mit dem Arrestgesuch kann der Gläubiger dafür sorgen, dass ein bestimmter, von ihm bezeichneter Vermögenswert der Schuldnerin auf Befehl des Arrestrichters überfallartig beschlagnahmt wird. http://www.schuldeninfo.ch/files/_documents/stichwoerter/arr...
--------------------------------------------------
Note added at 41 mins (2019-07-22 17:32:02 GMT)
--------------------------------------------------
arrestieren – beschlagnahmen, pfänden
https://fwb-online.de/lemma/arrestieren.s.3v
Peer comment(s):
| agree |
Barbara Schmidt, M.A. (X)
: agree
58 mins
|
| agree |
writeaway
5 hrs
|
| agree |
Michael Confais (X)
12 days
|
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
3 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish)
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
42
German term (edited):
Arrestierung > (CH) Arrestlegung
sequestration; arrest (of ship)
I'm unsure of the target readership, but sequestration ought to be avoided for Scottish (= bankruptcy) consumption.
Normally of foreign government or trade union assets, ex-UK PM Margaret Thatcher having had the (NUM) National Union of Miners' funds sequestered by a court.appointed 'sequestrated' to break the GB/ leader Arthur Scargill/ miners' strike of yesteryear (1984-5).
In the US, sequestration is a remedy in equity-
internationale Zwangsvollstreckung > international levy of execution
Arrestlegung in the CH kleiner Merkur of Swiss law comes out to much the same as Arrestierung.
Pls. also note: WFOs - Worldwide Freezing Orders, previously known as Mareva injunctions after an eponymous case.
Note also: garnishment in AmE; attachment and, generally distraint
--------------------------------------------------
Note added at 3 hrs (2019-07-22 20:38:20 GMT)
--------------------------------------------------
National Union of Minerworkers' funds sequestered by a court-appointed 'sequestrator'...
Normally of foreign government or trade union assets, ex-UK PM Margaret Thatcher having had the (NUM) National Union of Miners' funds sequestered by a court.appointed 'sequestrated' to break the GB/ leader Arthur Scargill/ miners' strike of yesteryear (1984-5).
In the US, sequestration is a remedy in equity-
internationale Zwangsvollstreckung > international levy of execution
Arrestlegung in the CH kleiner Merkur of Swiss law comes out to much the same as Arrestierung.
Pls. also note: WFOs - Worldwide Freezing Orders, previously known as Mareva injunctions after an eponymous case.
Note also: garnishment in AmE; attachment and, generally distraint
--------------------------------------------------
Note added at 3 hrs (2019-07-22 20:38:20 GMT)
--------------------------------------------------
National Union of Minerworkers' funds sequestered by a court-appointed 'sequestrator'...
Example sentence:
DO YOU SPEAK MAREVA? HOW WORLDWIDE FREEZING ORDERS ARE ENFORCED IN SWITZERLAND
Reference:
http://en.wikipedia.org/wiki/Sequestration_(law)
http://www.lalive.law/data/publications/Do_You_Speak_Mareva.pdf
Peer comment(s):
| agree |
Herbmione Granger
37 mins
|
|
Danke schön und thanks! It's good to have US approbation.
|
|
| disagree |
Barbara Schmidt, M.A. (X)
: 'arrest' has been mentioned before by someone else.
10 hrs
|
|
Indeed, but the respondent had been unsure of the use of the word, so I narrowed down to ships: that you - with your knowledge of Anglo-Am admiralty law - possibly also disagree with.
|
4 hrs
Teresa Reinhardt
United States
United States
Native in German
&
English
Specializes in field
United States
Known for top notch work, on time
Native in: German (Variant: Germany) , English (Variant: US)
Works in: German to English, English to German, English, and 1 more.
Related KudoZ points
:
262
attachment
Siehe:
https://www.bk.admin.ch/bk/de/home/regierungsunterstuetzung/...
mit interessanten Infos
Dort, weiter zu
https://www.termdat.bk.admin.ch/Search/Search
Das Ergebnis schaut indirekt auf, wenn man bei 'Arrestgrund' nachschaut. Wie alle Terminologiebanken, "a work in progress"
https://www.bk.admin.ch/bk/de/home/regierungsunterstuetzung/...
mit interessanten Infos
Dort, weiter zu
https://www.termdat.bk.admin.ch/Search/Search
Das Ergebnis schaut indirekt auf, wenn man bei 'Arrestgrund' nachschaut. Wie alle Terminologiebanken, "a work in progress"
2 days 20 hrs
Cillie Swart
South Africa
South Africa
Native in English
Works in field
South Africa
Finance, Legal, Business Texts
Native in: English
Works in: German to English, Dutch to English, Afrikaans to English, and 1 more.
Related KudoZ points
:
12
seizure
seizure as in seizure of government assets
Reference comments
18 hrs
Reference:
Originalquelle bei den Gerichten in Zürich
Mit einigen Detailiformationen über den Arrest von Geldern. Allerdings wohl mit dem Schwerpunkt auf das [Schweizer] Inland.
Deshalb nur so beigefügt als Hintergrundinfo.
Deshalb nur so beigefügt als Hintergrundinfo.
Discussion
Seizure is the act of law enforcement officials taking property, including cash, real estate, vehicles, etc., that has been used in connection with or acquired by illegal activities. Property may also be seized to satisfy an unpaid judgment, as long as proper notice of the amount due has been served. A court or civil authority decides what is to be done with the property, such as selling it at a sheriff's sale. In the event of a "not guilty" verdict, assets are returned to the owner.
from
https://definitions.uslegal.com/s/seizure/