Sep 8, 2007 07:51
16 yrs ago
5 viewers *
French term

"Droit de Preemption de 1er Rang"

French to English Bus/Financial Finance (general) by-laws of a private equity fund
"chaque actionnaire de categorie B consent sur les Titres Concernes un Droit de Preemption de 1er rang a chacun des actionnaires de categorie A"

Proposed translations

11 hrs
Selected

senior pre-emptive right

In a securities context, "preemptive right" is the obligatory term. Ranking of preemptive rights is not common, but it would be natural to apply the same terms used for equity and debt (class X "ranks senior" to class Y).
But you have a problem if the preferential preemptive rights rank senior to these!
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4 KudoZ points awarded for this answer. Comment: "thank you"
-1
20 mins

first level/ranked time limitation in a suit

.

Domaine(s) :
- droit

. français
. anglais
.
péremption n. f.
time limitation in a suit
Peer comment(s):

disagree AllegroTrans : context has nothing to do with a suit
5 hrs
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53 mins

right of first refusal

.

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Note added at 1 heure (2007-09-08 09:16:24 GMT)
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or "priority claim senior debt"
http://www.vernimmen.com/html/glossaire/definition_senior_de...
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