philgoddard Jul 20, 2023:

Subordination/parity group contract doesn't work in my opinion, because no one will understand it.

Oliver Simões Jul 20, 2023:

@Timothy Your call. "Subordination contract" and "parity contract" seem to be the standard lingo in the industry. Here's another quote with a slight variation:

"Under Article 14 TP Regulations, the term relevant information means that companies subject to the TP legislation, as described above, must obtain or produce and retain data regarding especially the following aspects:
! a description of any special relations that exist with the entities with which it is involved in any commercial, financial or other transactions; a history of the corporate link from which the special relationship originated including, where appropriate, the subordination agreement, parity group agreement, or any other with the same purpose..." (emphasis added). Source: International Bureau of Fiscal Documentation https://rb.gy/je8wz

It's up to you if you are going to brush off terminology that's being used by international bodies in favor of something creative so to speak. Again, I reiterate that no word other than "parity" translates the concept of "paritário". Good luck.

ZT-Translations Jul 20, 2023:

@Timothy I added it to my suggestion as well, but it seems to me that "unincorporated joint venture" may be the term that you're looking for.

Timothy Came (asker) Jul 20, 2023:

Thank you all for your suggestions. I had considered joint venture and consortium, but the concept here seems rather different to either. A joint venture sets up a new entity with its own capital to carry out some purpose or task, but here no new entity is created; rather, the companies put themselves under a common management. Consortium seems closer, especially considering that it can encompass a variety of arrangements under UK law. However, consortia are regulated under Portuguese law by DL 231/81 and are called "consórcios".

Article 1 of this DL: "Consórcio é o contrato pelo qual duas ou mais pessoas, singulares ou colectivas, que exercem uma actividade económica se obrigam entre si a, de forma concertada, realizar certa actividade ou efectuar certa contribuição com o fim de prosseguir qualquer dos objectos referidos no artigo seguinte."

Oliver, thank you for your suggestion. However, your references also make a literal translation of "contrato de subordinação" as "subordination contract", which normally means an agreement to rank debts, but in this context means something akin to the "Beherrschungsvertrag" in German law, so I fear that it could be misleading.

Oliver Simões Jul 20, 2023:

parity vs. consortium These appear to be completely different concepts:

parity: the state or condition of being equal, especially regarding status or pay.
"parity of incomes between rural workers and those in industrial occupations" (Oxford Lang. Dict.)

consortium: an association, typically of several business companies. (Oxford Lang. Dict.)