Glossary entry (derived from question below)
English term or phrase:
hive down
French translation:
cession partielle (des activités ou des actifs de l'entreprise)
English term
hive down
5 +2 | cession partielle (de l'entreprise ou de ses actifs) | Jacqueline Johnston |
3 | essaimage | Elsa Wack |
Oct 3, 2007 12:32: Stéphanie Soudais (X) changed "Field (specific)" from "Law: Contract(s)" to "Finance (general)"
Oct 5, 2007 07:45: Jacqueline Johnston Created KOG entry
Proposed translations
cession partielle (de l'entreprise ou de ses actifs)
Hive Down
A hive down is a transfer of part of a company's business and/or tangible assets to another company, normally a new company created for this purpose.
Hive downs can be particularly useful to separate a viable part of a business, often prior to a disposal as a going concern.
If a company is unable to propose an arrangement to creditors, it may still be possible to continue the business, protecting the position of the employees, customers and limiting liabilities under guarantees, whilst obtaining the best return for creditors. This can be achieved through a hive down which is a sale of the business as a going concern to a new company.
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Note added at 1 hr (2007-10-03 13:35:23 GMT)
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Définition de l'essaimage, d'après l'APCE www.apce.com/index.php?rubrique_id=20000373
'La notion d'essaimage désigne le soutien apporté par une entreprise à ses salariés pour la création ou la reprise d'une entreprise.'
traduit en effet par spin off en anglais - essaimage en français semble être une notion plus limitée que 'hive off'
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