Glossary entry

Norwegian term or phrase:

konkursboer, akkordboer

English translation:

(UK) insolvency administrators vs. scheme (of arrangement) trustees

Added to glossary by Adrian MM. (X)
Jun 12, 2014 12:30
9 yrs ago
Norwegian term

konkursboer, akkordboer

Non-PRO Norwegian to English Law/Patents Law (general)
This is the administrator of the insolvent company, am I right? but, which is the difference?

"Det legges til grunn at bade utenlandske konkursboer og akkordboer ma anerkjennes som representant for kreditorfellesskapet for norske domstoler."

Thanks!
Proposed translations (English)
3 (UK) insolvency administrators vs. scheme of arrangement trustees
Change log

Jun 14, 2014 09:06: Adrian MM. (X) Created KOG entry

Votes to reclassify question as PRO/non-PRO:

PRO (2): Christopher Schröder, Norskpro

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Proposed translations

17 hrs
Selected

(UK) insolvency administrators vs. scheme of arrangement trustees

In the US, there can be insolvent 'estates' and Chapter 12 'bankruptcies' of corporations.

Deed of arrangement in the UK is for individuals and scheme of arrangement for partnerships and companies.
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
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