Legal English – Peter’s Pills – Lesson 68 – Notice

Legal English for Notaries - By Federnotizie

Notice

Transcript:

Hello!

In legal English “notice” (comunicazione) is the way a person or party becomes aware (viene a conoscenza) of something that affects their rights, obligations or duties.

There are three primary types of notice in the UK: Actual notice, Constructive notice, and Imputed notice.

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Legal English – Peter’s Pills – Lesson 68 – Notice ultima modifica: 2024-02-14T08:30:00+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 67 – Bonds vs Debentures

Legal English for Notaries - By Federnotizie

Bonds vs Debentures

Transcript:

Hello!

In the world of money, bonds (generalmente obbligazioni con garanzie) and debentures (generalmente obbligazioni senza garanzie) have some important differences. Let’s look at these and the vocabulary that surrounds this topic.

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Legal English – Peter’s Pills – Lesson 67 – Bonds vs Debentures ultima modifica: 2024-01-31T09:32:49+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 66 – Person Persons People

Legal English for Notaries - By Federnotizie

Person / Persons / People

Transcript:

Hello!

We all know that “person” is a singular word in English, but what is the plural? Is it “persons” or “people”, or both?

In General English the plural of “person” is “people”.

We say:

  • One person; two people;
  • There were 20 people at my party;
  • There are a lot of people in this room.
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Legal English – Peter’s Pills – Lesson 66 – Person Persons People ultima modifica: 2024-01-17T08:30:00+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 65 – Financial Reporting Words

Legal English for Notaries - By Federnotizie

Financial Reporting Words

Transcript:

Hello!

Today we look at some essential words related to financial reporting tools.

Financial Statements (bilancio):

  • Financial statements are comprehensive (completi) reports that summarise the financial performance and position of a company over a specific period. They provide valuable insights (informazioni; spunti) for various stakeholders, including investors, creditors, and management.
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Legal English – Peter’s Pills – Lesson 65 – Financial Reporting Words ultima modifica: 2023-12-20T08:30:27+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 64 – Representations and Warranties

Legal English for Notaries - By Federnotizie

Representations and Warranties

Transcript:

It is very common to come across the terms “Representations and Warranties” in contracts, but do you know the difference?

First of all, it is important to note that “Representations and Warranties” are often translated into Italian simply as “Garanzie”, but as you can imagine, in the Common Law mind, there are important differences between the two terms.

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Legal English – Peter’s Pills – Lesson 64 – Representations and Warranties ultima modifica: 2023-12-06T08:30:54+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 63 – Machine translations

Legal English for Notaries - By Federnotizie

Machine translations

Transcript:

Hello!

We live in exciting times where we can find excellent machine translators on the web that can translate huge (enorme) amounts of texts for us in a very short time and are doing quite a good job.

Although we are at a much better point than: “The Italian fan club was ready for the last match of the World Cup” to “La clava di ventilatore italiano era pronto per l’ultimo fiammifero della tazza di mondo”, it would be wise to have your machine translations checked by professionals if you want accuracy.

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Legal English – Peter’s Pills – Lesson 63 – Machine translations ultima modifica: 2023-11-22T08:30:23+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 62 – Legal Timelines

Legal English for Notaries - By Federnotizie

Legal Timelines

Transcript:

Hello!
In law precision in terminology is vital to prevent misinterpretations. Today we look some frequently used legal terms relating to time constraints (restrizioni temporali).

Statute of Limitations (prescrizione):

  • Statute of Limitations is a law which establishes the maximum time frame (periodo di tempo) within which a legal action can be initiated for a specific type of case. After this period old claims (rivendicazioni/cause) cannot be brought.
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Legal English – Peter’s Pills – Lesson 62 – Legal Timelines ultima modifica: 2023-11-08T08:30:29+01:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 61 – Liens

Legal English for Notaries - By Federnotizie

Liens

Transcript:

Hello!

Today we look at liens. A lien (pegno/vincolo) is a legal right that grants one party the authority to retain (trattenere) or sell specific property until a debt is settled (saldato). It serves as a guarantee or security interest for the party owed money (a cui è dovuto il denaro), ensuring (garantendo) they have a lawful means to recover what they are owed.

In the UK there are two primary categories of liens:

Possessory Lien: This type enables a creditor to keep possession of a debtor’s property until the debt is paid. For example, an auto repair shop can retain a vehicle until repair costs are covered.

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Legal English – Peter’s Pills – Lesson 61 – Liens ultima modifica: 2023-10-18T08:30:40+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 60 – Test your Legal English

Legal English for Notaries - By Federnotizie

Test your Legal English

Transcript:

Hello!
Today we have a Legal English multiple choice test to check your knowledge of some essential legal English terms. Verify your answers after you have done the test in the key that follows. Please remember to do this only AFTER you have done the test!

1. Which is correct?
A. He is a party in the contract
B. He is a party of the contract
C. He is a party to the contract
D. He is a party with the contract
E. Both A and B

2. I signed a contract. The other person who also signed the same contract is called:
A. My counterpart
B. My counterparty
C. The culprit
D. The other person

3. When a provision of a contract has no legal effect and should be treated as not existing, we call this provision:
A. Null
B. Void
C. Null and void
D. Empty
E. All of the above are correct (A to D)
F. Both A and B
G. A, or B, or C are all correct

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Legal English – Peter’s Pills – Lesson 60 – Test your Legal English ultima modifica: 2023-10-04T08:30:16+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 59 – Appurtenent vs In gross

Legal English for Notaries - By Federnotizie

Appurtenant vs In gross

Transcript:

In Peter’s Pills 42 (“Easement vs Profit à prendre“) we discovered that in the common law system an easement is the right to use someone’s land (e.g., right of way), while a profit à prendre is the right to take something away from someone’s land (e.g., wood; grass etc) . Today we see how these two can be either appurtenant (appartenenti) or in gross (in proprio).

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Legal English – Peter’s Pills – Lesson 59 – Appurtenent vs In gross ultima modifica: 2023-09-20T08:30:49+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 58 – Building societies and Banks

Legal English for Notaries - By Federnotizie

Building societies and Banks

Transcript:

Hello!

What is a building society? If you think that a building society is a company that builds buildings, then this Peter’s Pill is for you.

Banks (banche) and Building societies (Casse di risparmio) are different types of financial institutions that help people and businesses with their money.

Banks are owned by (sono di proprietà di) people who invest money to make profits. They offer many services like current accounts (conti correnti) and savings accounts, loans (prestiti), mortgages (mutui), and ways to invest money. Banks can be big and have branches (filiali) all over the country or even in other countries. The government makes sure (si assicura che) banks follow rules to protect customers and the economy.

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Legal English – Peter’s Pills – Lesson 58 – Building societies and Banks ultima modifica: 2023-07-26T08:30:10+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 57 – Valid, void and voidable contracts

Legal English for Notaries - By Federnotizie

Valid, void and voidable contracts

Transcript:

Hello!

Today we look at valid, void and voidable contracts.

Valid Contracts: A valid contract is a legally binding agreement that meets all the necessary requirements. It must have an offer, acceptance, consideration, intention to create legal relations, and free consent – these are the essential elements of a contract. A valid contract can be enforced through legal remedies if either party fails to fulfil their obligations.

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Legal English – Peter’s Pills – Lesson 57 – Valid, void and voidable contracts ultima modifica: 2023-07-12T08:30:45+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 56 – Rescission

Legal English for Notaries - By Federnotizie

Rescission

Transcript:

Hello!

Today we look at the meaning of rescission in the common law system. Please be careful. The meaning of rescission may be very different form the meaning in a civil law context.

Rescission is not the same thing as cancellation. Rescission is the undoing of a contract from its beginning. “Rescission of contract” refers to the legal process of undoing (disfacimento) or cancelling a contract as if it never existed, thereby restoring (riportando in questo modo) the parties to their original positions before they entered into the agreement.

The effect of rescission is to restore the parties to their original positions before the contract was formed. This involves returning any consideration (corrispettivo), such as money or property, exchanged between the parties. It may also involve returning goods (merci) or canceling any obligations created by the contract. If this is not possible, then rescission is not the right legal remedy to pursue (intraprendere).

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Legal English – Peter’s Pills – Lesson 56 – Rescission ultima modifica: 2023-06-28T08:30:11+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 55 – Golden expressions

Legal English for Notaries - By Federnotizie

Golden Expressions

Transcript:

Hello!

Today we look at a few common business and legal expressions that contain the adjective “golden”. When we use “golden” it gives the idea that something is fortunate, favourable, prosperous, or abundant. For example

Golden handshake: This is generous financial compensation or a severance package (accordo di liquidazione) that is given to a senior executive (dirigente) or employee upon their departure from the company.

Golden parachute: It is a financial arrangement that guarantees substantial benefits or compensation to top executives in the event of a takeover (acquisizione) or merger (fusione), often including stock options (opzioni azionarie) and other perks (vantaggi).

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Legal English – Peter’s Pills – Lesson 55 – Golden expressions ultima modifica: 2023-06-07T08:30:47+02:00 da Peter Liebenberg

Legal English – Peter’s Pills – Lesson 54 – Pre-emption right vs Right of first refusal

Legal English for Notaries - By Federnotizie

Pre-emption right vs Right of first refusal

Transcript:

Hello!

Today we look at the difference between a Pre-emption right and a Right of first refusal.

Pre-emption Right: A pre-emption right is also known as a “right of first offer”. With reference to shares, this right may be found in the articles of association and grants existing shareholders the first opportunity to purchase new shares in a company before they are offered to third parties. This is generally to prevent the dilution of their shares in the company. New shares must be offered to existing shareholders in proportion to their existing holdings. If these shareholders decline to buy the shares, then the new shares may be offered to outside parties.

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Legal English – Peter’s Pills – Lesson 54 – Pre-emption right vs Right of first refusal ultima modifica: 2023-05-26T08:30:55+02:00 da Peter Liebenberg