Glossary entry

German term or phrase:

SpruchG = Spruchverfahrensgesetz

English translation:

German Award Proceedings Act (Spruchverfahrensgesetz)

Added to glossary by Steffen Walter
Apr 12, 2008 17:44
16 yrs ago
5 viewers *
German term

SpruchG = Spruchverfahrensgesetz

German to English Law/Patents Law (general)
I do not seem to find any indications in Proz, Leo etc. and some odd Goggle translations such as "procedurale saying law" obviously are not of much help. All this in connection with "ein Spruchverfahren kann geführt werden´bei ...." Thanks in advance for your input.
Change log

Apr 24, 2008 09:14: Steffen Walter changed "Edited KOG entry" from "<a href="/profile/2323">swisstell's</a> old entry - "SpruchG = Spruchverfahrensgesetz"" to ""German Act on Arbitration Proceedings (Spruchverfahrensgesetz""

Apr 24, 2008 09:16: Steffen Walter changed "Edited KOG entry" from "<a href="/profile/34047">Steffen Walter's</a> old entry - "SpruchG = Spruchverfahrensgesetz"" to ""German Act on Arbitration Proceedings (Spruchverfahrensgesetz)""

Discussion

AllegroTrans Apr 12, 2008:
CONTEXT: what kind of document is this, what is its general purpose, and which country does it originate from?
swisstell (asker) Apr 12, 2008:
complete sentence Das Landgereicht X begründet die Unwirksamkeit des Beschlusses damit, das für sämtliche der übrigen Sachkomplexe, hinsichtlich derer - wie auch beim Delisting - ein Spruchverfahren geführt werden könne, maßnahmebezogene Einzelnormkomplexe die Anforderungen an die Entscheidungsvorbereitungen und Entscheidungstransparenz verbindlich regelten. ..... I am sure that not add much to what I said before
Kim Metzger Apr 12, 2008:
Please provide one complete German sentence at the very least.
Kim Metzger Apr 12, 2008:
Context, please. Is this about minority shareholders, for example?

Proposed translations

1 hr
Selected

German Act on Arbitration Proceedings (Spruchverfahrensgesetz

Insert text of announcement in the Börsen-Zeitung dated 30 August 2005 and then the following note
Supplement to the technical implementation guidelines published in the WM issue no. 36 dated 4 September 2004 (page 8926 et seq.) and WM issue no. 41 dated 9 October 2004 (page 10096 et seq.).
Celanese Europe Holding GmbH & Co/KG, et al. · SC TO-T/A · Celanese AG · On 8/30/05 · EX-99.A.5.B
Filed On 8/30/05 5:10pm ET · SEC File 5-57467 · Accession Number 950123-5-10540
7: EX-99.A.5.B Ex-99.A.5.B: English Translation of Cover Letter HTML 39K
to Supplement Dated August 30, 2005

--------------------------------------------------
Note added at 1 Stunde (2008-04-12 18:55:01 GMT)
--------------------------------------------------

have/has not or will not file any application for the institution of arbitration proceedings pursuant to § 1 no. 1 of the German Act on Arbitration Proceedings (Spruchverfahrensgesetz) or have/has irrevocably and with legally binding effect revoked any application already filed and that I/we/the company represented by me/us waive/s the institution of arbitration proceedings for the determination of an adequate compensation payment in connection with the conclusion of the control and profit transfer agreement;
will not join any applications and not otherwise directly or indirectly support any arbitration proceedings pursuant to § 1 no. 1 of the German Act on Arbitration Proceedings (Spruchverfahrensgesetz);
waive/waives any compensation determined in any arbitration proceedings pursuant to § 1 no. 1 of the German Act on Arbitration Proceedings (Spruchverfahrensgesetz) or agreed upon to terminate any such arbitration proceedings.
/we also hereby represent that, at the time of transfer, I am/we are the sole owner/s of the shares in Celanese AG held by me/us/the company represented by me/us and that such shares are free and clear of any third-party rights and claims or that I/we/the company represented by me/us continue to hold the corresponding supplementary claims to any increase in the cash compensation and that I/we/the company represented by me/us in particular have/has not assigned any such claims.
Example sentence:

I/we hereby agree with Celanese Europe GmbH & Co. KG that I/we/the company represented by me/us, in connection with the control and profit transfer agreement between Celanese AG and Celanese Europe GmbH & Co. KG dated 22 June 2004:

have/has not or will not file any application for the institution of arbitration proceedings pursuant to § 1 no. 1 of the German Act on Arbitration Proceedings (Spruchverfahrensgesetz) or have/has irrevocably and with legally binding effect revoked any a

Peer comment(s):

neutral writeaway : this term only gets one Google hit, while the other answer is also found on official sites./SEC Info - Celanese Europe Holding GmbH & Co/KG, et al. 1 of the German Special Award Proceedings Act, or have/has withdrawn any www.secinfo.com/dsvr4.zA93.9.htm
15 hrs
I agree with you. SwissTell probably prefers and feels more confident with my suggestion since this is contained in the U.S. Securities Exchange Commission (Home Page of SEC)
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4 KudoZ points awarded for this answer. Comment: "thank you for your help. This definitely is the answer that I needed in the context at hand. "
+3
1 hr

Award Proceedings Act


High level of agreement in Google references:

BMJ | Partnership and Company Law
Hier finden Sie den Entwurf eines Gesetzes zur Neuordnung des gesellschaftsrechtlichen Spruchverfahrens (Spruchverfahrensneuordnungsgesetz; Stand: 6. November 2002)
bmj.bund.de/enid/.../Partnership_and_Company_Law_15w.html - 12k - Cached
2.GLA : Statutes : Award Proceedings Act
Award Proceedings Act (Spruchverfahrensgesetz) Translation provided by ... Gesetz über das gesellschaftsrechtliche Spruchverfahren (Spruchverfahrensgesetz - SpruchG) ...
www.iuscomp.org/gla/statutes/SpruchG.htm - 57k - Cached
3.German takeover and 'squeeze-out' legislation(PDF)
(Spruchverfahrensgesetz) 101. §§ 289 para. 4 and 315 para. 4 of the Commercial Code ... The Award Proceedings Act (Spruchverfahrensgesetz) entered into force on ...
www.freshfields.com/publications/pdfs/2008/jan16/20814.pdf - 714k - View as html
4.Flick Gocke Schaumburg ~ Dr. Stefan Simon
1969, lawyer since 1997, certified tax consultant since 2001. ... Kommentar zum Spruchverfahrensgesetz, 2007. Heckschen/Simon, Umwandlungsrecht, 2002. ...
www.fgs.de/eng/consultants/partners/dr-stefan-simon - 27k - Cached
5.Fried Frank
Merger Control Implications in Real Estate Transactions. March 2008 ... of Compensation 'Spruchverfahrensgesetz'—Concentration and Acceleration ...
www.ffhsj.com/index.cfm?pageID=22&type=1&attorney=636 - 43k - Cached
6.Flick Gocke Schaumburg ~ Dr. Michael Winter
Reorganizations law and the taxation of reorganizations ... Spruchverfahrensgesetz, 2007. Horizontale Haftung im Konzern, 2005. More Publications ...
www.fgs.de/eng/consultants/partners/dr-michael-winter - 27k - Cached
7.ABIT AG(PDF)
Board Sets Swap Ratio for Merger of ABIT AG to GFKL Financial. Services AG ... case according to the Award Proceedings Act (Spruchverfahrensgesetz) ...
www.presseportal.de/pdf.htx?nr=672572 - 6k - View as html
8.Going Private(PDF)
Going private transactions have gained increasing. importance in Germany during ... Award Proceedings Act (Spruchverfahrensgesetz) came into ...
www.ashurst.com/doc.aspx?id_Content=1788 - 147k - View as html
Peer comment(s):

agree Nicholas Krivenko : It does not get any better than the German Federal Press and Information Office of the Federal Government (your first link). I have been using the site for a long time. Why re-invent?
2 hrs
thanks
agree Kim Metzger : Asker's final comment to Ingrid: "This definitely is the answer that I needed in the context at hand."
5 hrs
??
agree writeaway : http://www.iuscomp.org/gla/statutes/SpruchG.htm is an extremely useful site-thanks. perhaps asking for context makes some people angry ?
15 hrs
thanks
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