Glossary entry

Spanish term or phrase:

sociedad instrumental

English translation:

holding company

Added to glossary by John Rynne
Oct 30, 2007 18:42
16 yrs ago
21 viewers *
Spanish term

sociedad instrumental

Spanish to English Law/Patents Law: Contract(s)
From a assignment of rights contract:

Como contraprestación por la cesión de todos los derechos alienables relativos al proyecto, se compromete a abonar a XXX, como sociedad instrumental del señor YYYYY, la cantidad de ZZZ€ por la creación y cesión en exclusiva de los derechos sobre el proyecto.

I know this has been entered before in kudoz but in this context, I'm not sure that "base company" fits here (for a company representing an individual?)....any ideas? Thanks in advance!
Proposed translations (English)
5 +3 holding company
4 nominee company
Change log

Nov 1, 2007 18:03: John Rynne Created KOG entry

Discussion

Sherry Godfrey (asker) Oct 30, 2007:
Typo, sorry! From AN assignment...

Proposed translations

+3
4 mins
Selected

holding company

Can also be called n, particularly in a disparaging context
Example sentence:

"shell company"

Peer comment(s):

agree Alaa Yaghi
13 mins
agree Sheilann : I was just about to enter shell company
32 mins
agree MarinaM
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks John and everyone!"
21 hrs

nominee company

I agree that previous Proz entries are suspect.

Note mandataria used in an EN/SP Proz direction

Example sentence:

Finance Glossary definition of nominee company. ... A company formed by a bank or other organisation which operates nominee accounts that is, the holding of ...

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