påtvingade pantrealisationen
English translation: coerced AmE: foreclosure on lien BrE: enforcement of charge
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| 01:14 Mar 8, 2022 |
| Swedish to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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|  Selected response from: Adrian MM. Austria | ||||||
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| 3 | coercive foreclosure |
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Answers
7 hrs confidence: 
coercive foreclosure Explanation: I'm unsure påtvingade pantrealisationen is a term of art like a 'compulsory' foreclosure, though - without more context - can't unravel the syntax too well: Genom den som målsäganden anser påtvingade pantrealisationen har banken övertagit livsförsäkringarna. > As a result of the foreclosure the Plaintiff / Claimant deems coerced into (query: who and why eg as a contract or 'deeded' term), the bank has taken possession of the life policies. > foreclosure - leaves open whether the 'pant' is an assignment of the life policies themselves for a land (endowment etc.) mortgage loan etc. or a collateralization of other property, such as goods or a bank account. Related topic: England &Wales : a court charging order ('judicial mortgage') is obtainable over company shares, insurance policies or land to enforce a judgment debt. -------------------------------------------------- Note added at 10 hrs (2022-03-08 11:58:16 GMT) -------------------------------------------------- > post-Deane G's discussion entry, possibly : *enforcement of the lien* the Plaintiff deems (him/her/itself) coerced into. Lien might work well for US Am. consumption as, to my understanding: like a US mechanic's lien taken over a building repaired, can be taken over land (vs. BrE: a land charge) as well as generally over ins. pols. (which I, as a City of London law clerk, used to 'assign by endorsement over' to a lender as security for a mortgage loan) or over co. shares and bank accounts etc. -------------------------------------------------- Note added at 18 hrs (2022-03-08 20:05:54 GMT) -------------------------------------------------- Collaterization footnote: 'Collateral assignment of life insurance lets you use a life insurance policy as an asset to secure a loan. If you die while the policy is in place and still owe money on the loan, the death benefit goes to pay off the remaining debt. Any money remaining goes to your beneficiaries.' Example sentence(s):
Reference: http://en.wikipedia.org/wiki/Foreclosure |
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Reference comments
14 hrs |
| Reference: finding Reference information: Banks have, due to the limitations of what kind of property they are allowed to hold, been subject to certain rules and regulations regarding how they can acquire or take over pledges that are subject to a realization. However, the law concerning these matters can be questioned as incomplete when scrutinized. The legislator’s wording regarding banks realization of pledges is somewhat unclear and the proposition to the law in question is only supplying shallow instructions to how and when a realization can take place. For example, the law does not state what the risk for a substantial loss for the banks should constitute. The problem is also partly due to the fact that if a pledge agreement fails to handle a certain circumstance regarding a realization, the law on pledges does not provide a clear alternative to fill out the agreement. This further complicates the handling of pledges in general but it does also affect realizations made by banks. The outcome of this is that mainly weaker parties may be affected in a negative way. Bankerna har, på grund av sina begränsningar i vilken egendom de får äga, underkastas särskilda regler kring hur de kan förvärva eller överta panter i samband med att en realisation av panten görs. Lagstiftningen visar sig dock kunna ifrågasättas som ofullständig om den nagelfars mer noggrant. Lagstiftarens formuleringar rörande bankers pantrealisationer är i vissa avseenden oklar och förarbetena för endast ytliga resonemang om hur och när en realisation kan göras. Exempelvis framgår det inte vad som ska anses utgöra en risk för en avsevärd förlust för bankerna. Problemet bottnar även delvis i att det i händelse av en pantrealisation inte går att falla tillbaka på en tidsenligt anpassad allmän pantlagstiftning om ett pantavtal inte täcker in en viss omständighet. Det försvårar ytterligare hanteringen av panter i allmänhet men även vid pantrealisationer inom ramen för bankrörelser och risken för att framförallt en svagare part drabbas negativt ökar. |
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