Aug 28, 2013 18:46
10 yrs ago
1 viewer *
Spanish term
deuda en ley extranjera y en ley nacional
Spanish to English
Bus/Financial
International Org/Dev/Coop
financial - Argentina
"...toda vez que se habia pagado deuda no solamente emitida en ley extranjera, sino tambien en ley nacional..." Is this merely "foreign debt" and "nationally incurred debt"?
Proposed translations
(English)
| 4 +3 | debt issued not only under foreign law but also domestic law |
William A McNab
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| 4 | domestic and external debt |
nweatherdon
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| 3 | debt under both foreign and national legislation |
AllegroTrans
|
Proposed translations
+3
23 mins
William A McNab
New Zealand
New Zealand
Native in English
Specializes in field
New Zealand
Economics and finance
Native in: English
Works in: Spanish to English, French to English
Related KudoZ points
:
4
Selected
debt issued not only under foreign law but also domestic law
The jurisdiction (foreign or domestic) governing the debt issued. njweatherdon's explanation looks good, but I'd suggest "domestic and external debt" is somewhat misleading. It is not the nationality of the holders of the debt that is in question, but rather the nationality of the laws governing the different debt instruments. For example, the US can issue Treasuries under US law, but the buyers of this debt may well be Chinese (in which case the debt is external but the jurisdiction domestic).
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
7 mins
nweatherdon
Canada
Canada
Native in English
Specializes in field
Canada
Economics, finance and biosciences
Native in: English
Works in: French to English, English to French, Spanish to English, and 2 more.
Related KudoZ points
:
4
domestic and external debt
... is a common way of saying the most obvious interpretation.
However, I wonder whether they could be more interested in jurisdiction, in which case perhaps ... "debts sold under both domestic and foreign/international[different] law/jurisdiction[similar]"
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Note added at 11 mins (2013-08-28 18:57:26 GMT)
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The distinction could be important if foreigners hold (in any currency) debt instruments under domestic law, but than debt is formally "external debt" in the balance of payment, whereas vice versa, you could imagine a scenario where a domestic agent may lend to another domestic agent, but under foreign jurisdiction.
To my knowledge, this is particularly relevant and/or likely in cases where domestic laws are weak, so, for example, you do the transaction under UK laws, but for all intents and purposes, once company books are processed and accounts are tallied in domestic financial institutions, you have a case foreign jurisdiction with domestic debts.
And that's why I didn't put 5.
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Note added at 12 mins (2013-08-28 18:58:12 GMT)
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typos ...
However, I wonder whether they could be more interested in jurisdiction, in which case perhaps ... "debts sold under both domestic and foreign/international[different] law/jurisdiction[similar]"
--------------------------------------------------
Note added at 11 mins (2013-08-28 18:57:26 GMT)
--------------------------------------------------
The distinction could be important if foreigners hold (in any currency) debt instruments under domestic law, but than debt is formally "external debt" in the balance of payment, whereas vice versa, you could imagine a scenario where a domestic agent may lend to another domestic agent, but under foreign jurisdiction.
To my knowledge, this is particularly relevant and/or likely in cases where domestic laws are weak, so, for example, you do the transaction under UK laws, but for all intents and purposes, once company books are processed and accounts are tallied in domestic financial institutions, you have a case foreign jurisdiction with domestic debts.
And that's why I didn't put 5.
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Note added at 12 mins (2013-08-28 18:58:12 GMT)
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typos ...
Peer comment(s):
| neutral |
AllegroTrans
: I rather think the concept of "law" is needed here, it is clearly in the source text
20 mins
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i agree
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30 mins
AllegroTrans
United Kingdom
United Kingdom
Native in English
Works in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois) 
Works in: French to English, English, English to French
Related KudoZ points
:
20
debt under both foreign and national legislation
I think "not only" and "but also" make the phrase sound clumsy
Peer comment(s):
| neutral |
Toni Castano
: You might be right, but you leave out "issued", which is relevant here. // Hi, Allegro, I have posted a reference to William´s response.
13 mins
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yes, it may be relevant but I think we would need more context first
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