МГИМО_Практикум по юридическому переводу

Charter, By-Laws and Articles of Incorporation (AE) or its Memorandum and Articles of Association (BE).

Founding documents should specify the corporate name, purposes of the corporation, number of authorized shares, address of the corporation’s registered office. They also may include provisions concerning the management and powers of the corporation and shareholder liability for corporate debt.

Founding (or constitutional) documents of a legal entity can be divided into two types: documents intended to define the external relationships of the entity and those representing its internal regulations. Documents of the former type are usually subject to registration with a competent authority and can be of a contractual or non-contractual nature. A non-contractual founding document essentially constitutes a declaration and undertak-

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ing to the relevant registering authority which may define, among other things, the name, location and objects/activities of the entity, its participants and their respective rights and duties. Examples of such documents are the Memorandum of Association of an English, Cyprus or British Virgin Islands (BVI) company and the Articles of Association of a U.S. corporation. In some cases a document of the former type can also form a contract between the participants (shareholders, members, partners) of an entity. The Founding Agreement (or Shareholders’ Agreement) of a Russian joint stock company is one example to this. Another example is the partnership agreement of an English partnership.

Internal regulations of an entity never constitute a contract. They describe more fully the issues related to the entity’s capital, the rights and duties of its members, the governance of the entity, its accounting procedures, its reorganization or liquidation etc. In the United States, such regulations are usually referred to as “by-laws”; English companies have Articles of Association; and the Russian “устав” is translated as “Charter”.

2.Learn the clauses contained in the chart. Try to explain the contents of the respective articles:

STRUCTURE OF THE ARTICLES OF ASSOCIATION

These are standard clauses of Articles of Association certified in the Republic of Cyprus:

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LESSON 2

FOUNDING DOCUMENTS

CHARTER OF THE COMPANY:

NAME AND LOCATION; LEGAL STATUS;

OBJECTS AND ACTIVITIES

OPEN JOINT STOCK COMPANY

MOSSTROY

CHARTER

1.Translate into Russian paying attention to the highlighted words:

ARTICLE 1. NAME AND LOCATION

1.1The Company’s full corporate name shall be «Откры-

тое акционерное общество «Мосстрой»». The Company’s brief name shall be ОАО «Мосстрой». The Latin transcription shall be OAO “Mosstroy”.

1.2The Company’s location shall be 104 Tverskaya Street, Moscow 112010, Russian Federation.

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ARTICLE 2. LEGAL STATUS

2.1The Company shall be a legal entity and own its separate property held in its own balance sheet and may, on its own behalf, acquire and exercise property and non-property rights, perform duties, sue and be sued in courts.

2.2The Company shall have such civil rights and obligations as may be necessary to engage in any activities not prohibited by federal law.

Certain activities, as determined by federal law, may be undertaken by the Company only subject to the obtaining of a special permit/license.

2.3The Company shall be deemed existing as a legal entity as from its state registration as required by federal law. The Company is formed for an indefinite period.

2.4The Company may duly open bank accounts both in and outside the Russian Federation.

2.5The Company shall be liable for its obligations with all its property.

2.6The Company shall not be liable for any obligations of its shareholders.

2.7The Company shall have its seal, stamps and letterheads bearing its name, and its logo (trademark).

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2.8 The shareholders shall not be liable for the Company’s obligations and shall bear the risk of losses associated with its activities within the limits of their respective shares’ value. Any shareholder who has not paid up its shares in full shall be jointly and severally liable for the Company’s obligations to the extent of the unpaid portion of their shares’ value.

ARTICLE 3. OBJECTS AND ACTIVITIES

3.1 The principal object of the Company is to earn prof-

its.

3.2The Company shall engage in any activities not prohibited by federal law. Any licensable activities shall be subject to a license.

3.3The activities of the Company shall be as follows:

-construction of any industrial, agricultural or civil projects, and installation of equipment;

-acting as main contractor;

-acting as customer;

-manufacture and sales of consumer goods;

-wholesale and retail trade;

-establishment of sales outlets (stores, sales trucks, canteens, snack bars);

-organization and provision of maintenance and consulting services;

-provision of marketing and brokerage services;

-art services;

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-export/import operations with respect to any agreed range of products, equipment and services as may be needed for customers;

-education services;

3.4The Company shall ensure the registration and safety of any personnel-related documents and their duly and timely delivery into state custody in the event of its reorganization or liquidation.

2.Translate into English the following word combinations:

Для нужд заказчика; своевременная передача в государственное хранение в установленном порядке; осуществляться только при наличии лицензии; нести риск убытков; в пределах стоимости акций; лицензируемые виды деятельности; торговля оптом и в розницу; организация торговых точек; нести солидарную ответственность по обязательствам Общества; в установленном порядке открывать банковские счета; нести ответственность по своим обязательствам всем принадлежащим ему имуществом; осуществление любых видов деятельности, не запрещенных федеральными законами; с момента государственной регистрации; иметь в собственности обособленное имущество, учитываемое на самостоятельном балансе; от своего имени, приобретать и осуществлять имущественные и личные неимущественные права; быть истцом и ответчиком в суде; полное фирменное наименование; сокращенное наименование; местонахождение.

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3.Translate into English the provisions given below:

1.Общество является юридическим лицом и имеет в собственности обособленное имущество, учитываемое на самостоятельном балансе.

2.Общество может от своего имени приобретать и осуществлять имущественные и личные неимущественные права, нести обязанности и быть истцом и ответчиком в суде.

3.Общество вправе осуществлять любые виды деятельности, не запрещенные федеральными законами.

4.Общество считается созданным как юридическое лицо с момента его государственной регистрации в установленном законами порядке.

5.Лицензионные виды деятельности осуществляются только при наличии лицензии.

6.Основной целью Общества является получение прибыли.

7.Видами деятельности Общества являются: торговля оптом и в розницу, организация торговых точек, оказание маркетинговых и брокерских услуг, а также право на образовательную деятельность.

8.Общество вправе в установленном порядке открывать банковские счета на территории РФ и за ее пределами.

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4.Make up the respective provisions of the Charter, using the following legal cliches:

Article 1: full corporate name, brief name, location;

Article 2: to own its separate property held in its own balance sheet, on its own behalf, to exercise property and nonproperty rights, to perform duties, to sue and be sued in courts, to engage in any activities not prohibited by federal law, as determined by federal law, subject to the obtaining of a special permit/license, as from, duly open bank accounts, to be liable for its obligations with all its property, to bear the risk of losses, to be jointly and severally liable for;

Article 3: principal object, to earn profits, licensable activities, to be subject to a license, wholesale and retail trade, establishment of sales outlets, duly and timely delivery into state custody.

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