provocar la colocación de sellos sobre los bienes y valores de la compañía

English translation: freezing

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:provocar la colocación de sellos sobre los bienes y valores de la compañía
English translation:freezing
Entered by: Simon Charass

20:10 Sep 23, 2010
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: provocar la colocación de sellos sobre los bienes y valores de la compañía
Hi Guys, I was hoping you could help me with an expression from the Dominican Republic. I'm translating Articles of Incorporation for a Dominican company, and one of the Articles reads: "La compañía no se disolverá por el fallecimiento, la interdicción, la incapacidad o la quiebra de los accionistas, uno, varios todos. Los herederos, causahabientes o acreedores de un accionista, no pueden por ningún motivo que fuere, provocar la colocación de sellos sobre los bienes y valores de la compañía, o pedir su disolución, partición o liquidación, ni inmiscuirse en la administración de los negocios generales de la compañía." ...

Specifically, I'm having trouble with this part: "provocar la colocación de sellos sobre los bienes y valores de la compañía"
Sounds like they are talking about putting a claim on the company assests. -- Could you please help? --
Million thanks in advance.
Magaly De Groot
freezing
Explanation:
… to bring upon the freezing of the Company’s assets,

to freeze = to immobilize [by governmental regulation] the expenditure, withdrawal, or exchange of <freeze foreign assets>; to prevent or restrict the exchange, withdrawal, liquidation, or granting of by governmental action: freeze investment loans during a depression; froze foreign assets held by U.S. banks.
Selected response from:

Simon Charass
Canada
Local time: 14:26
Grading comment
Thanks for your help, Simon.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1freezing
Simon Charass
3 +1lay claim to / assume / take on - any of the company's property or assets
James A. Walsh
3sellos = seal off
Pablo Marrero


Discussion entries: 2





  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
"provocar la colocación de sellos sobre los bienes y valores de la compañía"
sellos = seal off


Explanation:
Hi,

I think that the document intends to maintain everybody out of the company's direction and control except for the shareholders. So the document intends to ward off the heirs of a deceased shareholder and does not allow them to take preemptive measures such as sealing off an asset of the company (like a building or office, etc.).

Pablo Marrero
Local time: 14:26
Native speaker of: Native in SpanishSpanish
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37 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
lay claim to / assume / take on - any of the company's property or assets


Explanation:
My take on your text. I've listed the 3 options according to my personal preference.

Suerte.

James A. Walsh
Spain
Local time: 20:26
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 158

Peer comments on this answer (and responses from the answerer)
agree  amendozachisum: agree
5 hrs
  -> Thank you.
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
freezing


Explanation:
… to bring upon the freezing of the Company’s assets,

to freeze = to immobilize [by governmental regulation] the expenditure, withdrawal, or exchange of <freeze foreign assets>; to prevent or restrict the exchange, withdrawal, liquidation, or granting of by governmental action: freeze investment loans during a depression; froze foreign assets held by U.S. banks.


Simon Charass
Canada
Local time: 14:26
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 40
Grading comment
Thanks for your help, Simon.

Peer comments on this answer (and responses from the answerer)
agree  Emma Ratcliffe
3 hrs
  -> Thank you Emma.
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