25
Legal English (Subject) / Unit 2 (Lesson)
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- aggravated damages or punitive damages or exemplary damages Damages awarded by a courtto reflect the exceptional harm done to a plaintiff of a tort action vorsätzlicher Schadensersatz
- annual return an official statement signed by the directors and secretary of a limitedcompany in Britain made, by law, once a year to the registrar of companies,and containing details of the company’s shares and assets shown on thebalance sheet Jahresertrag
- arbitration reference of a dispute to an impartial person or panel chosen by the partieswho agree in advance to abide by the arbitration award issued after thehearing at which both parties have an opportunity to be heard Schiedsgerichtverfahren
- Articles of Association US - Bylaws (UK) document that defines a company’s internal organisaiton Satzung
- authorised (share) capital, authorized stock, nominal capital total amount of stock a company mayoffer to its shareholders. It is also known as nominal capital Grundkapital
- board of directors group of individuals elected by shareholderst to make the major decisions of the company Aufsichtsrat
- certificate of incorporation document issued by a governmental authority granting a company status as a legal entity Gründungsurkunde
- corporate veil seperation between the corporation and its shareholders such that theshareholders will not be held personally liable for corporate debts Haftungsbeschränkung
- debt A sum of money one person owes another Schuld
- fiduciary duties obligation to act solely in the best interests of another Treuepflicht
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- fraud deliberate misrepresentation or concealment of a material fact to gain an advantage Betrug
- in lieu of in the place of, instead of stattdessen
- insolvent/bankrupt unable to pay ones debt's
- landmark case a case that deals with an important issue and marks a stage in thedevelopment of the law in a specific area. Such a case often shows howcourts will rule on similar cases in the future grundlegender Fall
- LLP, limited liability partnership a body corporate which exists as a legal person separate fromits members. It has the organisational flexibility of a partnership and is taxedas a partnership. In other respects it is very similar to a limited company GmbH
- Memorandum of Association A document that simply states that each subscriber to this ~ wishesto form a company under the Companies Act 2006 Gründungsurkunde
- merit Cases which have ~ are worth pursuing, those which do not have no chanceof success. The verb means „to deserve“ Wert
- objects clause goals or purposes of a company; under the Companies Act, section 31, theobjects of a company are unrestricted unless the articles specifically restrictthe objects of the company Unternehmenszweckbeschreibungsklausel
- private limited company, Ltd. a company whose shares are not normally openly traded. Althoughstatute no longer places restrictions on the rights of shareholders in this typeof company to transfer their shares, many businesses include suchrestrictions in their Articles of Association
- proxy person appointed by a shareholder to attend and vote at a meeting in his/her place when the shareholder is unable to attend Stellvertreter
- public limited company, plc. a limited company whose shares are freely sold and traded, in Britainwith a minimum share capital of 50,000 pounds Aktiengesellschaft
- solvent able to pay one’s debts liquid
- third party someone who ist not one of two the main people or organizations involved in an agreement or legal case dritte Person
- to amend to make minor improvements in a text, to add to, to supplement; the noun,an a~ment, is a legislative change in a statute or constitution, usually byadding provisions not in the original abändern
- to repeal to annul, to revoke, to officially end a law, rule, restriction, etc etw aufheben