Glossary entry (derived from question below)
German term or phrase:
Anteilsrechte und Mitspracherechte
English translation:
shareholder and co-determination rights
Added to glossary by
Ted Wozniak
Jun 25, 2008 07:37
16 yrs ago
2 viewers *
German term
Germany
theatre, music & art history & criticism
Native in: English 
Works in: German to English, French to English
Anteilsrechte und Mitspracherechte
German to English
Bus/Financial
Law (general)
investment law
Original:
Die Fondsanteile wurden in Anteilsrechte (Klasse A) und Mitspracherechte (Klasse B) aufgeteilt. Die Anteilsrechte wurden im Verhältnis des Wertes der eingelegten Immobilien festge-legt. Insgesamt wurden XXX Anteile zu einem Stückpreis von XXX € ausgegeben, was dem gutachterlich bestimmten Wert des Immobilienportfolios von XXX Mio. € entspricht. Die Anteile der Klasse A der Region sollen vollständig an private Fondsinvestoren verkauft werden. Durch diese Konstruktion wurde für den öffentlichen Fondspartner jedoch nicht nur eine „exit rule“ geschaffen. Vielmehr sichern die Mitspracherechte (Klasse B) mit einem symbolischen Wert von je einem Euro der öffentlichen Hand den Einfluss auf die Bestandsentwicklung. Sie verbleiben im Besitz der Region, womit eine sehr effiziente Governance-Regelung gefunden wurde.
Notes:
I thought one had voting rights and one didn't, but after reading further, it seems the region must hold onto voting rights with class B shares; otherwise, how much control could it still have. Also, "right to a say", the often found translation of Mitspracherecht, just doesn't seem to fit the bill here. Can anyone help?
Die Fondsanteile wurden in Anteilsrechte (Klasse A) und Mitspracherechte (Klasse B) aufgeteilt. Die Anteilsrechte wurden im Verhältnis des Wertes der eingelegten Immobilien festge-legt. Insgesamt wurden XXX Anteile zu einem Stückpreis von XXX € ausgegeben, was dem gutachterlich bestimmten Wert des Immobilienportfolios von XXX Mio. € entspricht. Die Anteile der Klasse A der Region sollen vollständig an private Fondsinvestoren verkauft werden. Durch diese Konstruktion wurde für den öffentlichen Fondspartner jedoch nicht nur eine „exit rule“ geschaffen. Vielmehr sichern die Mitspracherechte (Klasse B) mit einem symbolischen Wert von je einem Euro der öffentlichen Hand den Einfluss auf die Bestandsentwicklung. Sie verbleiben im Besitz der Region, womit eine sehr effiziente Governance-Regelung gefunden wurde.
Notes:
I thought one had voting rights and one didn't, but after reading further, it seems the region must hold onto voting rights with class B shares; otherwise, how much control could it still have. Also, "right to a say", the often found translation of Mitspracherecht, just doesn't seem to fit the bill here. Can anyone help?
Proposed translations
(English)
| 4 +1 | shareholder and co-determination rights |
Ted Wozniak
|
| 3 | partnership (or partner) rights and decision making rights |
Ellen Kraus
|
| 1 -1 | preferential rights and veto rights |
Andres Larsen
|
Change log
Jun 25, 2008 10:21: Steffen Walter changed "Field" from "Law/Patents" to "Bus/Financial"
Jun 30, 2008 14:20: Ted Wozniak Created KOG entry
Proposed translations
+1
6 hrs
Ted Wozniak
United States
United States
Native in English
Specializes in field
United States
Bridging the Language GAAP-
Native in: English (Variant: US)
Works in: German to English
Related KudoZ points
:
67
Selected
shareholder and co-determination rights
A "Mitspracherecht" for shareholders in determining executive compensation is one of the hot topics in shareholder reform these days.
Peer comment(s):
| agree |
eloso (X)
35 mins
|
4 KudoZ points awarded for this answer.
Comment: "Super! Thank you all. The client and I agreed that this captured the meaning."
1 hr
Ellen Kraus
Austria
Austria
Native in German
Specializes in field
Austria
more than thirty years of experience
Native in: German 
Works in: Greek to German, English to German, Greek to English, and 5 more.
Related KudoZ points
:
308
partnership (or partner) rights and decision making rights
might be meant here
-1
7 hrs
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
123
preferential rights and veto rights
Conglomerate Blog: Business, Law, Economics & SocietySome questions: If Series C has this liquidation preference, then they probably also have superior voting rights or at least a class veto over transactions. ...
www.theconglomerate.org/2006/05/how_much_is_tha.html - 13k - Cached - Similar pages
Small/Medium Business... input and in many cases retain veto rights over key strategic decisions. ... partners and the preferential rights attaching to his or her shares. ...
www.oznetlaw.net/subcategories.asp?topicid=40&topic=Small/M... - 31k - Cached - Similar pages
How to implement a standard US venture capital term sheet in GermanyIf a dividend preference is called for, this would go into the shareholder agreement. Voting and veto rights. To protect VC investors, supermajority voting ...
www.altassets.net/casefor/countries/2002/nz2955.php - 30k - Cached - Similar pages
New DocumentInvestment in listed companies by way of preferential issue of share: Presently, ... They seek Veto Rights to exercise control over the management. ...
www.krcco.com/june06_venture.html - 7k - Cached - Similar pages
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Note added at 7 horas (2008-06-25 15:17:41 GMT)
--------------------------------------------------
it being understood here that both are voting rights, hence preferential voting rights on the one hand and veto voting rights on the other
www.theconglomerate.org/2006/05/how_much_is_tha.html - 13k - Cached - Similar pages
Small/Medium Business... input and in many cases retain veto rights over key strategic decisions. ... partners and the preferential rights attaching to his or her shares. ...
www.oznetlaw.net/subcategories.asp?topicid=40&topic=Small/M... - 31k - Cached - Similar pages
How to implement a standard US venture capital term sheet in GermanyIf a dividend preference is called for, this would go into the shareholder agreement. Voting and veto rights. To protect VC investors, supermajority voting ...
www.altassets.net/casefor/countries/2002/nz2955.php - 30k - Cached - Similar pages
New DocumentInvestment in listed companies by way of preferential issue of share: Presently, ... They seek Veto Rights to exercise control over the management. ...
www.krcco.com/june06_venture.html - 7k - Cached - Similar pages
--------------------------------------------------
Note added at 7 horas (2008-06-25 15:17:41 GMT)
--------------------------------------------------
it being understood here that both are voting rights, hence preferential voting rights on the one hand and veto voting rights on the other
Peer comment(s):
| disagree |
Kim Metzger
: Your Google references prove nothing except that the target terms exist. If you're going to document an answer (which is preferable) you should show a link between the source term and the target term.
37 mins
|
Discussion