Glossary entry (derived from question below)
German term or phrase:
Kapitalmarktinformationshaftungsgesetz
English translation:
Act Governing Liability for Capital Market Information
Added to glossary by
Orla Shanaghy
Jan 14, 2005 12:29
19 yrs ago
German term
Financial translation: German to English
Native in: English (Variants: UK, Wales / Welsh, US, Scottish, British, Irish) 
Works in: German to English, English
Kapitalmarktinformationshaftungsgesetz
German to English
Bus/Financial
Finance (general)
This is one of the acts which is subject to change under the European Union's legislation governing financial markets, which is based on the FSAP (Financial Services Action Plan)
Proposed translations
(English)
| 3 +2 | Law Governing Liability for Capital Market Information |
Orla Shanaghy
|
Proposed translations
+2
19 mins
Selected
Law Governing Liability for Capital Market Information
I haven't been able to find an official translation, but from what I've read about it on the internet, 'Law Governing Liability for Capital Market Information' would seem to fit?
I found a description of the law in English at:
http://www.germanlawjournal.com/article.php?id=493, point 27:
"The Government Commission on Corporate Governance had suggested changing the law as to impose liability on members of the supervisory and executive board for deliberate or grossly negligent wrong statements and shifting the burden of proof for (non-)reliance on the defendants."
HTH.
I found a description of the law in English at:
http://www.germanlawjournal.com/article.php?id=493, point 27:
"The Government Commission on Corporate Governance had suggested changing the law as to impose liability on members of the supervisory and executive board for deliberate or grossly negligent wrong statements and shifting the burden of proof for (non-)reliance on the defendants."
HTH.
4 KudoZ points awarded for this answer.
Comment: "Thanks Orla - I tweaked it a little, using Act instead of Law.
Best regards
Caitriona "
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