Glossary entry

German term or phrase:

Institutszwangsverwalter

English translation:

official receiver for the institution

Added to glossary by Liliana Galiano
Mar 16, 2010 19:13
14 yrs ago
1 viewer *
German term

Institutszwangsverwalter

German to English Law/Patents Law: Contract(s) lease contract
...wurde die Zwangsverwaltung angeordnet und Herr XX zum Institutszwangsverwalter bestellt.
I think they mean official receiver for a bank or other similar credit institution, etc. but how would you put it in English? Official Receiver for the institution?
Change log

Mar 17, 2010 21:21: Liliana Galiano Created KOG entry

Proposed translations

1 hr
Selected

official receiver for the institution

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Office of the Superintendent of Bankruptcy Canada - Official Receiver
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Whereas the trustee confirms to the official receiver that he personally interviewed ... from the financial institution where the assets had been deposited, ...
www.ic.gc.ca/eic/site/bsf-osb.nsf/.../br01365.html - En caché - Similares
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Institutszwangsverwalter
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4 KudoZ points awarded for this answer. Comment: "Thanks, this is what I went with."
12 mins

receiver for the institution

I think your own take on it is good. You won't find many Google-hits for "official receiver for the institution," but you do get close to 300k hits if you leave off "official" (see http://www.google.de/#q="receiver for the institution&q... .)
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25 mins

Administrative receiver for the institution

is also possible
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14 hrs

assigned institution administrator

"Zwangsverwaltung" is usually the result of a legal (court) proceeding in which case the court "assigns" someone with the administrative tasks of the institution
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21 hrs

Compulsory administrator of an institution {with a major corporate creditor}

Compulsory = appointed by the court or creditors.

Note US vs. Can. vs. Oz vs. UK etc. differences.

In England:

1. an Official Receiver is a Government Official appointed by the DTI/dept. of Trade & Industry.

2. Contrary to Zahn's DE/EN glossary, an administrative receiver is appointed by creditors under a floating-charge debenture only.

3. trustee-in-bankruptcy is appointed for private individuals only.
Example sentence:

www.juraforum.de/lexikon/Institutszwangsverwalter

dict.tu-chemnitz.de/english-german/administration.html

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