the qualifying Office

French translation: établissement conforme

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:the qualifying Office
French translation:établissement conforme
Entered by: Nathalie Stewart

21:17 Oct 21, 2018
English to French translations [PRO]
Law/Patents - Law (general)
English term or phrase: the qualifying Office
The PRIMA principle, highlighted at paragraph 4.5 above, was not ultimately incorporated in the Hague Securities Convention. Instead, a revised or adjusted PRIMA principle, termed PRIMA+, was adopted, which abandons the idea of attributing a location to book-entry instruments and replaces it with an approach giving effect to an express agreement on governing law between an account holder and an intermediary, subject to certain limiting requirements (e.g. the “Qualifying Office” requirement that the choice of governing law must favour a jurisdiction in which the relevant intermediary has a qualifying office).
Adamhans
Russian Federation
établissement conforme
Explanation:
In English:
https://assets.hcch.net/docs/061ed8ea-552d-4d9e-bb1a-4311fb7...
... The law chosen by the parties to the account agreement applies only if the relevant intermediary has, at the time of the agreement on governing law, an office (‘Qualifying Office’) in the State whose law is selected which, alone or with another office or third party... serves certain functions...

En français :
https://assets.hcch.net/docs/eab280db-8cf8-4c48-9750-4bb7058...
...La loi choisie par les parties à la convention de compte s’applique seulement si l’intermédiaire pertinent dispose, au moment de l’accord sur la loi applicable, d’un établissement (« établissement conforme ») dans l’Etat dont la loi est sélectionnée qui, soit seul, soit avec un autre établissement ou un tiers... exerce une activité...
Selected response from:

Nathalie Stewart
France
Grading comment
Merci.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1établissement conforme
Nathalie Stewart
4établissement approprié
Abel Sanama, PhD.


  

Answers


21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
the qualifying office
établissement conforme


Explanation:
In English:
https://assets.hcch.net/docs/061ed8ea-552d-4d9e-bb1a-4311fb7...
... The law chosen by the parties to the account agreement applies only if the relevant intermediary has, at the time of the agreement on governing law, an office (‘Qualifying Office’) in the State whose law is selected which, alone or with another office or third party... serves certain functions...

En français :
https://assets.hcch.net/docs/eab280db-8cf8-4c48-9750-4bb7058...
...La loi choisie par les parties à la convention de compte s’applique seulement si l’intermédiaire pertinent dispose, au moment de l’accord sur la loi applicable, d’un établissement (« établissement conforme ») dans l’Etat dont la loi est sélectionnée qui, soit seul, soit avec un autre établissement ou un tiers... exerce une activité...

Nathalie Stewart
France
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 48
Grading comment
Merci.

Peer comments on this answer (and responses from the answerer)
agree  Germaine: exactement!
1 hr
  -> Merci Germaine !
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
the qualifying office
établissement approprié


Explanation:
https://dokumen.tips/documents/uncitral-hague-conference-and...
Law expressly agreed in the account agreement, provided the intermediary has a qualifying office in the State whose law has been chosen

Other PIL rules apply if account agreement does not expressly specify the law of a State in which the intermediary has a qualifying office.

https://www.uncitral.org/pdf/french/texts/security/UNCITRAL-...
Loi convenue expressément dans la convention de compte, à condition que l’intermédiaire ait un établissement approprié dans l’État dont la loi a été choisie.

Les autres règles du droit international privé s’appliquent si la convention de compte ne précise pas expressément la loi de l’État dans lequel l’intermédiaire a un établissement approprié.

Abel Sanama, PhD.
Cameroon
Local time: 14:07
Native speaker of: Native in FrenchFrench
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
neutral  Germaine: Comme on cite la Convention de La Haye sur les titres, il est important d’aller chercher le sens de l’expression dans cette convention même, par ailleurs publiée en anglais et en français.
26 mins
  -> Tout à fait. Merci.
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