Dec 21, 2009 20:18
14 yrs ago
3 viewers *
German term

zuwachsen

German to English Law/Patents Law: Contract(s)
This is part of a Gesellschaftsvertrag and in a section on preemptive purchase rights.

Verkauft ein Gesellschafter seinen Geschäftsanteil, so steht den übrigen Gesellschaftern im Verhältnis der Nennbeträge ihrer Geschäftsanteile ein Vorkaufsrecht zu. Übt ein Gesellschafter sein Vorkaufsrecht nicht aus, so *wächst* es den übrigen vorkaufsberechtigten Gesellschaftern im Verhältnis der Nennbeträge ihrer Geschäftsanteile *zu*.

I understand what they are saying but am looking for a good way to put it.

Proposed translations

+5
29 mins
Selected

accrue

his right of first refusal, the right accrues to the other shareholders with a right of first refusal in proportion

or something like that

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Note added at 1 day1 hr (2009-12-22 21:20:22 GMT)
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In reply to asker: Yes, I think accrue is common enough in this sort of context.
Note from asker:
So "accrued to" is common usage? I had seen it several times but was not familiar with it with "to" and wasn't sure if I could use it. Sounds like I can.
Peer comment(s):

agree Johanna Timm, PhD : sounds good to me!
2 mins
Thanks Johanna
agree philgoddard : This right will accrue to the other preference shareholders pro rata for their nominal shareholdings.
18 mins
Thanks Phil
agree Rolf Keiser
11 hrs
Thanks Goldcoaster
agree Steffen Walter
12 hrs
Thanks Steffen
agree Derek Gill Franßen : I was thinking "vest in" might also work, but "accrue to" is a good choice. :)
13 hrs
Hmm, yes, "vest" also works.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks for the help. I went with "accrue to.""
16 mins

then there is a greater number of shares available and

the other shareholders with preemptive??? purchasing rights can purchase a larger quantity of shares in proportion to the nominal amounts of their shares...

Don't think "preemptive" is right, but something like this...
Note from asker:
Preemptive or prefrential :+) Take your pick.
Something went wrong...
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