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levain de tirage
MPC
Oct 15, 2011 15:12
12 yrs ago
21 viewers *
French term

droit de suite

French to English Bus/Financial Law: Contract(s) Shareholders' Agreement
We have "droit de sortie totale" as a previous clause, which I am translating as "tag-along rights".

I see from previous ProZ reference "piggy back rights", but this seems to be synonymous with "tag-along rights"

Can anyone differentiate these two please?

Article 7 Droit de suite
Dans l’hypothèse où le Groupe Majoritaire aurait cessé, de quelque manière que ce soit, de détenir le Contrôle de la Société, immédiatement ou de manière différée (ci-après dénommé "Cession de Contrôle"), ou détiendrait moins de 50% du capital de la Société à la suite d'une quelconque opération (ci-après dénommée "Opération de Cession") alors que les membres du Groupe Investisseur auraient dans les 12 mois précédents, procédé au Transfert de tout ou partie de leurs Valeurs Mobilières, les membres du Groupe Investisseur bénéficieront d’un droit de suite.
Proposed translations (English)
4 residual rights
3 right of continutation
1 resale rights
Change log

Oct 16, 2011 00:52: writeaway changed "Field" from "Law/Patents" to "Bus/Financial"

Discussion

Jack Dunwell (asker) Oct 16, 2011:
Month after month Year after year, Writeaway is 100% negative. Now she has changed the subject of my question! Whatever next. Give us a break! If I had wanted to post this Legal Agreement under another heading I would have done so. Put it right

Proposed translations

2 hrs
Selected

residual rights

see link

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Note added at 2 hrs (2011-10-15 17:54:19 GMT)
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I understand that "droit de suite" seems to apply mostly in the case of artists, etc., but in this particular case could not the Investors have "residual" rights in the event the "Groupe Majoritaire" has lost controle? I don't know what the nature of the enterprise is here, but it still seems somewhat logical.
Reference:

http://btb.termiumplus.gc.ca/tpv2alpha/alpha-fra.html?lang=fra&i=&index=frt&__index=frt&srchtxt=droits+de+suite&comencsrch.x=0&comencsrch.y=

Note from asker:
Hello Timothy! This area is a bit of a nightmare and I think that this might well be a good answer for authors' rights, copyright (and Bridge runs into 8 definitions!) And of course lawyers are not 100%
right to trace or follow property into the hands of a third person; mortgagee's right to attach the mortgaged property and have it sold to answer the mortgage debt into whoever's hands it may have passed; rights of persons entitled to a privilège (right to preferentail payment) to follow property; right of a secured creditor to take possession of the security even if in the possession of a third party...and ON and On!
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4 KudoZ points awarded for this answer. Comment: "Thank you T.!"
54 mins

resale rights

with regardsto the "tag along" and "piggyback" see below

http://law.academic.ru/6714/tag-along_rights
Note from asker:
Thank you Reeny. I think that is a fair reference and helps future readers
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2 days 25 mins

right of continutation

perhaps....

Is there a right of continuation of participation rights in the ...
www.worker-participation.eu/.../Is-there-a-right-of-continu...
Is there a right of continuation of participation rights in the case of subsequent domestic mergers? For a period of three years the company resulting from ...
Lawriter - ORC - 3923.32 Right of family member to continue ...
codes.ohio.gov/orc/3923.32
... right to the continuation of the coverage under this section by continuing the original policy with the person who exercises the right of continuation designated ...
Ohio « COBRA Federal & State Regulations
basusacobra.wordpress.com/midwest/ohio/
(2) The employer shall notify the employee of the right of continuation at the time the employer notifies the employee of the termination of employment. ...
[PDF]


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Note added at 2 days26 mins (2011-10-17 15:38:44 GMT)
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'Scuse me

I'm not illiterate, just a bad typist
CONTINATION

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Note added at 2 days27 mins (2011-10-17 15:39:07 GMT)
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CONTINUATION

That's it

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Note added at 2 days36 mins (2011-10-17 15:48:07 GMT)
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I see no reason to recall your translation on my account.
Note from asker:
Hello Mr O'Helpful. I sent this in this morning using "residual rights". From what I can see in Blacks, neither "continuation" nor "residual" have great legal meaning. Or am I wrong?
Too late, I just popped over to Sidney and pencilled in "continutation". I thought it was one of those legal-type words. Just checking me insurance cover. Oh dear.
Thank you Mr O'Helpful. It was a toss up. Really.
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