Results for insolvenssituation translation from Danish to English

aktiveringen af en garanti forudsætter en insolvenssituation.
a guarantee would come into play in the event of insolvency.

sic anfører tillige, at ingen finansieringsinstitution ville have godkendt långivning til rtp i betragtning af den tekniske insolvenssituation i 1996.
sic also argued that, given the situation of technical bankruptcy in which rtp found itself in 1996, no financial institution would have approved a loan for it.

direktivet om endelig afregning har reduceret disse risici gennem opstilling af præcise regler om den lov, der regulerer systemet, og den lov, der regulerer en deltagers rettigheder og forpligtelser i en insolvenssituation.
the settlement finality directive has reduced these risks by providing clear rules on the law used to govern the system and the law used to govern the rights and obligations of a participant in an insolvency situation.

i den forbindelse bør medlemsstaterne, med henblik på at fastslå garantiinstitutionens betalingsforpligtelse, kunne beslutte, at når en insolvenssituation giver anledning til flere insolvensbehandlinger, skal en sådan situationen behandles, som om der var tale om én enkelt insolvensbehandling.
in this context, member states should, in order to determine the liability of the guarantee institution, be able to lay down that where an insolvency situation results in several insolvency proceedings, the situation be treated as a single insolvency procedure.

senere har rådet efter samråd tilføjet, at den faktiske insolvenssituation også accepteres, og endvidere er det aftalt, at en arbejdstager over for garantiinstitutionen kan gøre krav på ikke-udbetalt løn, så vidt der er truffet bestemmelser herom i den nationale lovgivning.
subsequently, in consultation, the council added that agreement was also reached on the de facto situation of insolvency and it was also agreed that an employee can lay claim to unpaid wages from a fund, insofar as this is provided for in national legislation.