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Legal English (Subject) / Unit 4 (Lesson)

vocabulary and definitions

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  • UK compulsory winding - up US involuntary bankrupty liquiditation of company after a petition to the court, ususally by a creditor  Konkursfall / zwangsweise Abwicklung 
  • consolidation combining of two companies to form an entirely new company 
  • friendly takeover situation where a company attemps to buy another company with approval of the board of directors of the company that is being bought freundliche übernahme 
  • hostile takeover situation whre a company attempts to buy another company against its wishes 
  • minutes notes or recordes of business conducted at a meeting 
  • pursuant to in accordance with  gemäß 
  • quorum number of shareholders or directors who have to be present at a board meeting  so that it can be validly be conducted  midestanzahl
  • subsidiary company of which more than half of the share is owened by another company (called either holding company or parent company ) Tochtergesellschaft 
  • UK takeover bid US tender offer Offer by one company to purchase at minimum a controlling number of voting shares of another company  Übernahmeangebot 
  • UK voluntary liquidation / dissolution US winding- up termination of a companys business that is supported by a company's shareholders  freiwillige Auflösung
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