Glossary entry

Italian term or phrase:

socio oblato

English translation:

offeree / offeree shareholder

Added to glossary by Marc Vitale
Mar 3, 2021 08:44
3 yrs ago
44 viewers *
Italian term

socio oblato

Italian to English Law/Patents Law (general)
I understand what this means, i.e. a shareholder who has a right of pre-emption, but I can't find an equivalent term in English so would welcome any suggestions. Here is the context:
Diritto di prima offerta
Salve ed impregiudicate le eventuali altre disposizioni limitative in tema di trasferimento della partecipazione previste dal presente statuto, qualora un socio (Socio Offerente) intenda vendere a un terzo la propria partecipazione ovvero comunque trasferirla, interamente o in parte, dovrà informare gli altri soci (SOCI OBLATI) di tale propria determinazione.

Discussion

Sylvia Gilbertson Nov 17, 2021:
But this depends on context. There are drag-along situations, where the majority shareholder can force the minority to sell, and tag-along situations, which seems to be the case in your example, where the minority has a preemptive right to "tag along" and sell their shares too. Most of the time the "socio oblato" is simply referred to as the "minority shareholder" in English, which covers both cases.

Proposed translations

+2
15 mins
Selected

offeree / offeree shareholder

In un glossario giuridico trovo:

proponente / oblato [parti nella formazione di un contratto] (s.m.)
(en) offeror / offeree

https://dictionary.cambridge.org/it/dizionario/inglese/offer...
Peer comment(s):

agree philgoddard : It seems redundant - they could just say "the other shareholders" and leave it at that.
4 hrs
agree Adrian MM. : maybe also a partner or member, depending on what the 'società' is.
19 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you for your help, although I went for "pre-emptive shareholders" in the end as it seemed to fit the context better."
6 days

Oblate member

The Oblates are called members of a religious community on their Statute.
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Reference comments

1 hr
Reference:

Oblatum

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