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Glossary entry

German term or phrase:

Exekution einstellen

English translation:

withdraw execution order

Added to glossary by Bryan Saliamonas
Dec 5, 2005 20:54
18 yrs ago
4 viewers *
German term

Exekution einstellen

German to English Law/Patents Law: Contract(s)
Erwerbsrechte zugunsten der anderen Gesellschafter bestehen wenn…(c) Gläubiger eines Gesellschafters auf dessen Geschäftsanteil Exekution führen und die Exekution innerhalb von 12 (zwölf) Wochen ab Zustellung des Exekutionsbewilligungsbeschlusses deshalb nicht eingestellt wird, weil der Gesellschafter, als verpflichtete Partei, die vollstreckbare Forderung nicht erfüllt.

Now I have:...the forced sale is not scheduled because the shareholder, as the obligated party, fails to satisfy the enforceable claim.
Is that correct? What claim is this referring to?
Proposed translations (English)
3 +1 withdraw execution order
3 halt execution

Discussion

Parzival Dec 5, 2005:
Indeed.
Bryan Saliamonas (asker) Dec 5, 2005:
Aha! So then the 12 weeks is a grace period for the debtor to satisfy the claim and avoid execution?

Proposed translations

+1
37 mins
Selected

withdraw execution order

if the execution order is not withdrawn within 12 weeks ... because of the partner/shareholder not being able to fulfill the claim, the other partners are entitled to acquire said partner's/shareholder's share of the business/partnership
Peer comment(s):

agree Stephen Sadie
7 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks for the fast reply!"
20 hrs

halt execution

execution will not be halted since the business partner etc
Something went wrong...
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