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temporary stay power

Russian translation: полномочие накладывать временные ограничения

13:05 Apr 26, 2017
English to Russian translations [PRO]
Bus/Financial - Finance (general) / режимы санации финансовых учреждений
English term or phrase: temporary stay power
No evidence was found that during the compliance period Korea took any additional steps to ensure compliance of its cross-border resolut

However, as suggested by the Second Thematic Review on Resolution Regimes, Korea reports to Financial Stability Board it has ongoing or planned reforms to the resolution regime (reforms submitted for consideration – introduction of bail-in power and temporary stay power, introduction of a recovery and resolution planning regime, including resolvability assessments and resolution plans), although the timelines for their implementation are not generally known .
tagarelo
Ukraine
Local time: 08:36
Russian translation:полномочие накладывать временные ограничения
Explanation:
В Директиве ЕС о банкротстве и реструктуризации проблемных банков (Bank Recovery and Resolution Directive, BRRD) приводятся определения понятий Bail-In power и Resolution Stay power.

Under the EU Bank Recovery and Resolution Directive (“BRRD”) resolution authorities have the power, among other things, to (i) write down or convert into equity certain liabilities of the firm in resolution (“Bail-In”); and
(ii) impose temporary restrictions on early termination rights on the firm's counterparties (“Resolution Stays”).

What are the ‘stays’?
The BRRD requires that resolution authorities have the power to temporarily stay:
> payment and delivery obligations of the parties to any contract
to which the entity in resolution is a party (Article 69)
> enforcement of security interests by secured creditors of the
entity in resolution (Article 70)
> termination rights of any party to a contract with the entity in
resolution (Article 71)
Selected response from:

Yana Bystrytskaya
United States
Local time: 22:36
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1полномочие накладывать временные ограничения
Yana Bystrytskaya
4доверенность на приостановку [контракта и т.п.]
Alexander Onishko


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
доверенность на приостановку [контракта и т.п.]


Explanation:
What is TEMPORARY STAY?
a term for a postponement for a limited time.

http://thelawdictionary.org/temporary-stay/

Alexander Onishko
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian
PRO pts in category: 107
Login to enter a peer comment (or grade)

3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
полномочие накладывать временные ограничения


Explanation:
В Директиве ЕС о банкротстве и реструктуризации проблемных банков (Bank Recovery and Resolution Directive, BRRD) приводятся определения понятий Bail-In power и Resolution Stay power.

Under the EU Bank Recovery and Resolution Directive (“BRRD”) resolution authorities have the power, among other things, to (i) write down or convert into equity certain liabilities of the firm in resolution (“Bail-In”); and
(ii) impose temporary restrictions on early termination rights on the firm's counterparties (“Resolution Stays”).

What are the ‘stays’?
The BRRD requires that resolution authorities have the power to temporarily stay:
> payment and delivery obligations of the parties to any contract
to which the entity in resolution is a party (Article 69)
> enforcement of security interests by secured creditors of the
entity in resolution (Article 70)
> termination rights of any party to a contract with the entity in
resolution (Article 71)



    Reference: http://www.shearman.com/~/media/Files/NewsInsights/Publicati...
    https://www.whitecase.com/publications/article/contractual-recognition-bail-and-isda-article-55-brrd-protocol
Yana Bystrytskaya
United States
Local time: 22:36
Works in field
Native speaker of: Russian
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
agree  Erzsébet Czopyk
1 hr
  -> Спасибо!
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