Glossary entry

English term or phrase:

tag along and drag along rights

Spanish translation:

derecho de tanteo (o derecho optativo de compra), obligación de compra

Added to glossary by Maria Aguirre
Apr 24, 2005 08:14
19 yrs ago
41 viewers *
English term

tag along and drag along rights

Non-PRO Homework / test English to Spanish Law/Patents Finance (general)
If the owners transfer more than 50% of his shares to a third party....

Discussion

Non-ProZ.com (asker) Apr 24, 2005:
Yes, I'll insert the whole paragraph. Thanks!!! Tag along and drag along: If the owners tranfer more than 50% of the share holdings to a third party, you are obliged to offer your debentures to the company or any individual appointed by the company.

If at least one owner transfers more than 50 per cent of his share holdings to a third partuy, the company has an obligation to acquire your debentures if you wish to sell them.
Martin Perazzo Apr 24, 2005:
More context is required - do you have the entire sentence?

Proposed translations

12 hrs
Selected

derecho de tanteo (o derecho optativo de compra), obligación de compra

No creo que haya ninguna expresión acuñada, mucho menos tan familiar y descriptiva, pero según la descripción que has dado, en el primer caso (traspaso a terceros por los titulares de más del 50% de los títulos) se le da a la empresa la posibilidad de comprar las obligaciones (tag along), lo que equivale al derecho de tanteo, y en el segundo caso se le obliga a la empresa (drag along) a comprar las obligaciones si al menos un titular traspasa más del 50% de sus títulos. Para abreviar, yo pondría "derecho de tanteo y obligación de compra".
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4 KudoZ points awarded for this answer. Comment: "Muchisimas gracias, ya habia encontrado algo similar como: derecho de tanteo y de retracto, despues de muchas vueltas, pero me has sido de gran ayuda. "
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