natgillin/translations-raw huggingface dataset:
On 28 October 2011, Germany requested the Commission to defer until 29 February 2012 WestLB's obligation to stop new business, because the May 2009 Decision requires WestLB to cease new business as of 1 January 2012.
Nemčija je 28. oktobra 2011 Komisijo zaprosila za odlog obveznosti banke WestLB v zvezi s prepovedjo sklepanja novih pogodb do 29. februarja 2012, saj banka WestLB v skladu z odločbo iz maja 2009 ne sme sklepati novih pogodb od 1. januarja 2012.
That request was submitted on a protective basis, in the event that the May 2009 Decision has not been replaced by a new decision by 1 January 2012.
Za ta odlog je zaprosila zaradi varnosti, če odločba iz maja 2009 do 1. januarja 2012 ne bi bila nadomeščena z novim sklepom.
The risk shield consisted of two separate guarantees:
Zaščita pred tveganji je zajemala dve ločeni jamstvi:
The capital was provided in the form of a non-callable silent participation, optionally convertible into ordinary shares after 1 July 2010.
Kapital je bil zagotovljen v obliki nevračljive tihe udeležbe, ki jo je bilo po 1. juliju 2010 mogoče pretvoriti v navadne delnice.
According to the terms agreed upon, SoFFin may not become majority shareholder of the company.
SoFFin v skladu z dogovorjenimi pogoji ne sme postati večinski delničar družbe.
In a first step, securities (in particular mezzanine notes and other structured securities) with a total book value of approximately EUR 6,2 billion and liabilities with a book value of approximately EUR 5,5 billion were transferred [19] to the EAA by way of a spin-off that was recorded in the commercial register on 23 December 2009.
V prvi fazi so bili vrednostni papirji (zlasti podrejeni dolžniški zapisi in drugi strukturirani vrednostni papirji) v skupni knjigovodski vrednosti približno 6,2 milijarde EUR in obveznosti v skupni knjigovodski vrednosti 5,5 milijarde EUR preneseni [19] na banko EAA z izločitvijo dejavnosti v novo podjetje, ki je bila v poslovni register vnesena 23. decembra 2009.
In a second step, the remainder of the ring-fenced portfolio was spun off or synthetically transferred to the EAA on 30 April 2010 [20].
V drugi fazi je bil preostanek ločenega portfelja 30. aprila 2010 [20] izločen v novo podjetje ali umetno prenesen na banko EAA.
Dec Book Value (TV) WestLB Dec REV "inferred"
WestLB, dec., dejanska ekonomska vrednost, „izpeljano“
Total "Transfer Delta" = Transfer Price - REV - Mitigation
„Delta prenosa“ skupaj = vrednost ob prenosu – dejanska ekonomska vrednost – odbitek
All those assets and liabilities of WestLB that have neither been sold to third parties nor became part of the Verbundbank will be taken over by the EAA by 30 June 2012 [31].
Vsa navedena sredstva in obveznosti banke WestLB, ki niso bili prodani tretjim osebam in niso postali del Verbundbank, bo do 30. junija 2012 prevzela EAA [31].
After the transfer WestLB will no longer hold banking assets at its own risk (except for investments related to SPM bank’s equity.
Banka WestLB po prenosu ne bo več imela bančnih sredstev, za katera sama prevzame tveganje (razen naložb, povezanih z lastniškim kapitalom banke SPM).
In order to implement that concept, a large part of WestImmo's asset and liabilities may be carved out and transferred to the EAA in the first half of 2012.
Da bi se ta koncept izvedel, se lahko velik del sredstev in obveznosti banke WestImmo izloči in prenese na EAA v prvi polovici leta 2012.
Moreover, WestLB intends to sell the WestImmo Pfandbriefbank before 30 June 2012.
Poleg tega namerava banka WestLB prodati WestImmo Pfandbriefbank pred 30. junijem 2012.
However, if that proposed sale does not occur, the complete assets and liabilities of WestImmo would need to be transferred to the EAA.
Če pa te prodaje ne bo mogoče izvesti, bo treba vsa sredstva in obveznosti banke WestImmo prenesti na EAA.
Pursuant to the Eckpunktevereinbarung NRW will take full ownership of and responsibility for WestLB as of 30 June 2012.
Dežela NRW bo 30. junija 2012 v skladu z Eckpunktevereinbarung prevzela popolno lastništvo in odgovornost za banko WestLB.
Because WestLB will pay back to SoFFin EUR 1 billion of SoFFin's silent participation in WestLB in the course of the restructuring, that part of the capital will need to be replaced.
Ker bo banka WestLB skladu SoFFin vrnila 1 milijardo EUR, ki jo je sklad v obliki tihe udeležbe vložil v WestLB med prestrukturiranjem, bo treba ta kapital nadomestiti.
Both the base case and the bad case scenario imply that the EUR 1 billion capital instrument provided by NRW will be consumed.
Osnovni in slab scenarij nakazujeta, da bo kapitalski instrument v znesku 1 milijarde EUR, ki ga zagotovi NRW, porabljen.
In the bad case scenario NRW would have to provide additional funds, in line with the Eckpunktevereinbarung.
Po slabem scenariju bi morala NRW v skladu z Eckpunktevereinbarung zagotoviti dodatne vire sredstev.
If such a sale was not achieved, WestLB would have to stop new business after 2011.
Če take prodaje ne bi bilo mogoče izvesti, banka WestLB po letu 2011 ne bi več smela sklepati novih pogodb.
Although WestLB's shareholders mandated a divestiture trustee as well as an investment bank with the sales process and publically launched a tender for WestLB on 30 September 2010, the tender procedure did not result in offers that WestLB's shareholders considered acceptable from an economic point of view.
Čeprav so delničarji banke WestLB za postopek prodaje imenovali upravitelja odprodaje in investicijsko banko ter 30. septembra 2010 objavili javni razpis za banko WestLB, med razpisnim postopkom niso prejeli ponudb, ki bi bile po mnenju delničarjev WestLB ekonomsko sprejemljive.
SPM bank holding
Bančni holding SPM
That process has been synchronised with the ongoing sales activities which had already been initiated to comply with the conditions of the May 2009 Decision.
Ta postopek je že usklajen s trenutnimi prodajnimi dejavnosti, ki so se že začele, da bi izpolnili pogoje iz odločbe iz maja 2009.
The servicing company will not only to be spun off but will also be sold subsequently, by 2016 at the latest.
Družba za upravljanje ne bo samo izločena, ampak bo zatem najpozneje do leta 2016 prodana.
In order to facilitate the sale of the servicing company, SPM bank may during the period from 2012 and 2014 enter into contracts for the provision of asset management services for portfolios of third parties, i.e. portfolios that are not related to former portfolios of WestLB.
Banka SPM lahko zaradi lažje prodaje družbe za upravljanje med leti 2012 in 2014 sklepa pogodbe za zagotavljanje storitev na področju upravljanja sredstev za portfelje tretjih oseb, tj. portfelje, ki niso povezani z nekdanjimi portfelji banke WestLB.
Germany commits that in SPM bank the workforce will be reduced from the current level of 4400 to 1000 in the servicing company in 2016.
Nemčija se zavezuje, da se bo število zaposlenih v banki SPM do leta 2016 zmanjšalo s sedanjih 4400 na 1000, pri čemer bodo zaposleni v družbi za upravljanje.
Indicative numbers have been given for the targeted staff counts in the course of that reduction.
Navedeni so bili okvirni podatki o ciljnem številu osebja med tem zmanjševanjem.
Germany commits that the servicing company will be sold by 31 December 2016.
Nemčija se zavezuje, da bo družba za upravljanje prodana do 31. decembra 2016.
Third party contracts with maturities that extend beyond 2017 are permitted if the contract provides the client with a termination right for capacity reasons (with effect as of 31 December 2017).
Pogodbe s tretjimi osebami z rokom zapadlosti po letu 2017 so dovoljene, če stranki zagotavljajo pravico do prekinitve zaradi nezadostne zmogljivosti (z začetkom veljavnosti 31. decembra 2017).
In the November 2010 Decision, the Commission considered the aid amount attributable to the first asset transfer to be around EUR 6,9 billion, as established by its experts.
V sklepu iz novembra 2010 je Komisija znesek pomoči pri prvem prenosu sredstev ocenila na približno 6,9 milijarde EUR, kot so ugotovili strokovnjaki Komisije.
That amount is calculated as the difference between the transfer value and the market value of the assets (around EUR 11 billion) [51], corrected by the initial equity provided to the EAA (around EUR 3,3 billion) [52], by the book values of certain credit-linked notes (around EUR 0,3 billion) [53], and by a deduction for the transfer of grandfathered liabilities (around EUR 0,9 billion) [54].
Ta znesek je bil izračunan kot razlika med vrednostjo ob prenosu in tržno vrednostjo sredstev (približno 11 milijard EUR) [51], ki je bila popravljena za začetni lastniški kapital banki EAA (približno 3,3 milijarde EUR) [52], knjigovodske vrednosti nekaterih zapisov s kreditno navezavo (približno 0,3 milijarde EUR) [53] in odbitek za prenos podedovanih obveznosti (približno 0,9 milijarde EUR) [54].
The assessment of the restructuring aid to WestLB has to consider all aid granted to WestLB since 2008, as the aid granted after the May 2009 Decision has been granted for the same restructuring process that was approved under the May 2009 Decision.
V oceni pomoči za prestrukturiranje banke WestLB mora biti upoštevana vsa pomoč za banko WestLB po letu 2008, saj je bila pomoč, dodeljena po sprejetju odločbe iz maja 2009, dodeljena za enak postopek prestrukturiranja, ki je bil odobren v skladu z odločbo iz maja 2009.
However, given the significant increase of aid and the changes made to the restructuring plan, a new assessment of the entire aid under the June 2011 restructuring plan is required.
Vendar je zaradi znatnega povečanja pomoči in sprememb načrta za prestrukturiranje potrebna nova ocena celotne pomoči v skladu z načrtom prestrukturiranja iz junija 2011.
As the additional instrument for SPM bank is a replacement of capital it must also be fully loss absorbing, otherwise the regulator would not accept such a transaction.
Ker dodatni instrument za banko SPM nadomešča kapital, mora tudi v celoti absorbirati izgube, sicer zakonodajalec ne bi sprejel take transakcije.
The new instrument must thus constitute capital as well.
Zato se mora tudi novi instrument šteti za kapital.
The Commission has not changed that assessment, notwithstanding the objection made by Germany that it had not applied the Impaired Assets Communication in the May 2009 Decision.
Komisija te ocene ni spremenila, ne glede na ugovor Nemčije, da Sporočila o oslabljenih sredstvih ni uporabila v odločbi iz maja 2009.
Although it might have been erroneous not to have applied the Impaired Assets Communication at that point in time, there is no legitimate expectation by Germany that such an approach would continue.
Čeprav Komisija morda ni imela prav, ko takrat ni uporabila Sporočila o oslabljenih sredstvih, Nemčija ne more legitimno pričakovati, da bo tak pristop veljal tudi v prihodnje.
That measure can be considered as an integral part of the overall liquidation scenario, because it merely shields the transformation period in case market turbulence occurs before 30 June 2012.
Ta ukrep je mogoče šteti za sestavni del splošnega likvidacijskega scenarija, ker le ščiti obdobje transformacije, če do pretresov na trgu pride pred 30. junijem 2012.
It nevertheless constitutes an additional temporary advantage to WestLB [71], which […].
Kljub temu pomeni dodatno začasno prednost za banko WestLB [71], ki […].
Regarding the first asset transfer to the EAA, Germany disputed the establishment of the REV. Its comments aim at contradicting the finding in the November 2010 Decision that there is a transfer delta amounting to EUR 3.414 billion.
Nemčija je v zvezi s prvim prenosom sredstev na banko EAA oporekala določitvi dejanske ekonomske vrednosti.
The Commission has assessed the comments of Germany.
Njene pripombe nasprotujejo ugotovitvi iz sklepa iz novembra 2010, da obstaja delta prenosov v znesku 3,414 milijarde EUR. Komisija je ocenila pripombe Nemčije.
The Commission also does not accept mitigating factors beyond those already accepted in the November 2010 Decision.
Komisija ne sprejema olajševalnih dejavnikov poleg že sprejetih dejavnikov iz sklepa iz novembra 2010.
It also already accepted the compensatory effects of the equity injection (EUR 3,267 billion) and the CLN notes (EUR 268 million) [88], as indicated in Table 2 at recital 44.
Prav tako je že sprejela izravnalne učinke dokapitalizacije (3,267 milijarde EUR) in zapisov s kreditno navezavo (268 milijonov EUR) [88], kakor je navedeno v preglednici 2 v uvodni izjavi 44.
Any additional distortions of competition resulting from a transfer delta in respect of the second tranche would in any event be mitigated by the liquidation envisaged in the June 2011 restructuring plan.
Vsako dodatno izkrivljanje konkurence, ki bi ga povzročila delta prenosa v zvezi z drugo tranšo, bi v vsakem primeru ublažila likvidacija, predvidena v načrtu prestrukturiranja iz junija 2011.
Therefore, in the current exceptional situation, the Commission considers that, where the entire aid amount can already be considered compatible under point 41 of the Impaired Assets Communication, it can abstain from an in-depth assessment of the valuation, i.e. a calculation of the REV.
Zato Komisija v trenutnem izrednem položaju meni, da se lahko, kadar je celoten znesek podpore že mogoče šteti za združljivega v skladu s točko 41 Sporočila o oslabljenih sredstvih, vzdrži poglobljene ocene vrednotenja, tj. izračuna dejanske ekonomske vrednosti.
in order to avoid undue distortions of competition, the liquidation phase should be limited to the period strictly necessary for the orderly winding down.
da bi se preprečilo nepotrebno izkrivljanje konkurence, je treba fazo likvidacije omejiti na obdobje, ki je nujno potrebno za pravilno likvidacijo.
As long as the beneficiary financial institution continues to operate, it should not pursue any new activities, but merely continue the ongoing ones.
Dokler upravičena finančna institucija deluje, ne sme začeti opravljati nobene nove dejavnosti, ampak le nadaljevati že obstoječe.
Germany has committed that the servicing company will be sold before 31 December 2016.
Nemčija se je obvezala, da bo družba za upravljanje prodana pred 31. decembrom 2016.
The transformation period until 31 December 2016 is required to allow management to reorganise the organisational structures within SPM bank, to carve out the servicing company and to establish at least a short track-record in order to attract potential investors.
Obdobje transformacije do 31. decembra 2016 je potrebno, da se upravi omogoči reorganizacija organizacijskih struktur znotraj banke SPM, izčlenitev družbe za upravljanje in oblikovanje vsaj kratke zgodovine poslovanja za pritegnitev morebitnih vlagateljev.
Finally, the liquidity support can be considered an integral part of the overall liquidation scenario, because it merely shields the transformation period in case market turbulence occurs before 30 June 2012.
Likvidnostno podporo je mogoče šteti za sestavni del splošnega likvidacijskega scenarija, ker le ščiti obdobje transformacije, če do pretresov na trgu pride pred 30. junijem 2012.
The liquidity support thereby ensures that the orderly liquidation procedure will not turn into a disorderly wind-down before 30 June 2012.
Likvidnostna podpora tako zagotavlja, da pravilni likvidacijski postopek ne bo postal neurejena likvidacija pred 30. junijem 2012.
The liquidation plan ensures a limitation of distortions of competition of WestLB, as it will disappear from the market by 30 June 2012.
Načrt likvidacije zagotavlja omejitev izkrivljanja konkurence banke WestLB, saj se bo s trga umaknila do 30. junija 2012.
Thereafter, WestLB will be turned into an entity without banking activities that will together with the EAA run down the assets.
Zatem bo WestLB postala subjekt brez bančnih dejavnosti, ki bo skupaj z banko EAA likvidirala sredstva.
As regards SPM bank's intention to spin off a servicing company, offering asset management services to third parties and thereby entering into competition with other providers of that kind of service, the Commission notes that such a step is proposed in order to reduce the state aid in WestLB after 30 June 2012.
Komisija v zvezi z namenom banke SPM glede razdelitve družbe za upravljanje, zagotavljanjem storitev na področju upravljanja sredstev tretjim osebam in posledičnim tekmovanjem z drugimi ponudniki tovrstnih storitev navaja, da je tak korak predlagan za zmanjšanje državne pomoči za banko WestLB po 30. juniju 2012.
In fact, NRW, which is responsible for SPM bank, has taken the largest burden of the WestLB shareholders.
NRW, ki je odgovorna za banko SPM, je prevzela največje breme delničarjev banke WestLB.
First, third party contracts may only be provided by a separate entity of SPM bank that holds a banking licence limited to the minimum required and that is going to be sold by 31 December 2016.
Prvič, pogodbe s tretjimi osebami lahko zagotavlja le ločen subjekt banke SPM, ki ima dovoljenje za opravljanje bančnih storitev, omejeno na najnižjo zahtevano stopnjo, in ki bo prodan do 31. decembra 2016.
Second, the nature of the services that SPM bank may provide has been substantiated by an exhaustive list of eligible activities.
Drugič, naravo storitev, ki jih lahko zagotavlja banka SPM, utemeljuje izčrpen seznam upravičenih dejavnosti.
In that context Germany commits that all banking licences of WestLB that are not required for the provision of asset management services will be returned by 31 December 2012.
Nemčija se v tem okviru obvezuje, da se bodo vsa dovoljenja za opravljanje bančnih storitev banke WestLB, ki niso zahtevana za zagotavljanje storitev na področju upravljanja sredstev, vrnila do 31. decembra 2012.
Third, the workforce in SPM bank will be considerably downsized in the course of its restructuring and it will not exceed 1000 employees in 2016, which is less than 20 % of WestLB's initial staff of 5661 employees in 2008.
Tretjič, število zaposlenih v banki SPM se bo med prestrukturiranjem znatno znižalo, pri čemer leta 2016 ne bo preseglo 1000 zaposlenih, tj. manj kot 20 % prvotnega števila zaposlenih v banki WestLB leta 2008, in sicer 5661 zaposlenih.
Fourth, the volume of third party business that the servicing company of SPM bank may acquire on the market must not exceed [40-60]% of its overall revenues, which is an effective cap on its business perspective.
Četrtič, obseg poslovanja s tretjimi osebami, ki ga lahko družba za upravljanje banke SPM pridobi na trgu, ne sme presegati [40–60] % splošnih prihodkov, kar učinkovito omejuje poslovni vidik.
Fifth, Germany commits that SPM bank will offer its asset management services only at fair market prices, and that the rates offered are sufficient to cover the full costs of the separate entity.
Petič, Nemčija se zavezuje, da bo banka SPM svoje storitve na področju upravljanja sredstev ponujala po ustreznih tržnih cenah, pri čemer bodo ponujene cene zadostovale za kritje vseh stroškov ločenega subjekta.
In the course of the present Decision, the Commission has had to also consider the measures granted under the May 2009 Decision.
Komisija je morala v okviru tega sklepa upoštevati tudi ukrepe iz odločbe iz maja 2009.
That decision and its corresponding April 2009 restructuring plan did not cover the aid provided subsequently nor was the April 2009 restructuring plan apt to ensure the requisite viability, burden sharing and limitation of distortions of competition that would make the subsequent aid compatible.
Navedena odločba in zadeven načrt prestrukturiranja iz aprila 2009 nista zajemala pomoči, zagotovljene pozneje, poleg tega z načrtom prestrukturiranja iz aprila 2009 ni bilo mogoče zagotoviti potrebnega uspešnega poslovanja, delitve bremen in omejitve izkrivljanja konkurence, zaradi česar bi bila posledična pomoč združljiva.
As indicated in recital 194, the June 2011 restructuring plan is able to ensure compatibility of all the aid provided between 2008 and 2012 to WestLB.
Kakor je navedeno v uvodni izjavi 193, lahko načrt prestrukturiranja iz junija 2011 zagotovi združljivost vse pomoči, ki je bila v obdobju 2008–2012 zagotovljena banki WestLB.
Consequently, the May 2009 Decision has become otiose and should be repealed.
Odločba iz maja 2009 je posledično postala brezpredmetna, zato jo je treba razveljaviti.
The technical part of the transfer may take place after 30 June 2012.
Tehnični del prenosa se lahko izvede po 30. juniju 2012.
The replenishment will be based on the principles set out in applicable legal framework in the FMStFG, which allows for such subsequent replenishment of the EAA.
Dopolnitev bo temeljila na načelih iz veljavnega pravnega okvira v FMStFG, ki dopušča poznejšo dopolnitev banke EAA.
FMStFG §8a.
FMStFG, člen 8a.
Germany had claimed that, when calculating the REV in March 2010, which would have been the reference date for the April 2010 transfer, it can do so by applying the ratio of the REV of December 2009 to book value of December 2009 and multiply that ratio by the book value of March 2010.
Nemčija je trdila, da lahko pri izračunu dejanske ekonomske vrednosti v marcu 2010, ki bi bil referenčni datum prenosa iz aprila 2010, uporabi razmerje dejanske ekonomske vrednosti iz decembra 2009 za knjigovodsko vrednost iz decembra 2009 ter to razmerje pomnoži s knjigovodsko vrednostjo iz marca 2010.
According to the Commission's experts, while a change in the transfer value might have occurred any such intermediate amortisation of the portfolio was caused primarily by unproblematic assets.
Strokovnjaki Komisije menijo, da bi lahko prišlo do spremembe vrednosti prenosa, pri čemer so tako vmesno amortizacijo portfelja povzročila predvsem neproblematična sredstva.
As set out under II.2 of the framework agreement of 23 June 2011 (i.e. the Eckpunktevereinbarung), responsibility for the Verbundbank will be transferred from WestLB to the savings bank associations and savings bank finance group by 30 June 2012 at the latest.
se bo odgovornost za Verbundbank v skladu s členom II.2 okvirnega sporazuma z dne 23. junija 2011 (tj. Eckpunktevereinbarung) prenesla z banke WestLB na združenja hranilnic in finančno skupino hranilnic najpozneje do 30. junija 2012.
The limitation of the business activities and scope described in the restructuring plan notified on 30 June 2011 will apply during the whole restructuring period, i.e. until 31 December 2016.
Omejitev poslovnih dejavnosti in področja uporabe iz načrta prestrukturiranja, priglašenega 30. junija 2011, se bo uporabljala med celotnim obdobjem prestrukturiranja, tj. do 31. decembra 2016.
This commitment will cease if a subsequent solution is found, such as the sale of the Verbundbank or its incorporation into another (Landes-) bank (particularly in the case of 2c)).
Ta zaveza bo prenehala veljati, če bo pozneje najdena rešitev, kot je prodaja Verbundbank ali njena priključitev drugi (deželni) banki (zlasti v primeru 2c);
Subject to a positive outcome of due diligence, Landesbank Hessen-Thüringen (Helaba) intends to make itself available as a ‘docking partner’ for the Verbundbank.
banka Landesbank Hessen-Thüringen (Helaba) namerava v primeru pozitivnega izida skrbnega pregleda postati na voljo kot „združitveni partner“ za Verbundbank;
The SPM holding/SPM operating company will close its foreign operations as soon as possible, at the latest by 31 December 2016, unless regulatory requirements mean an operation must be maintained beyond 31 December 2016.
Holding SPM/družba za upravljanje SPM bo tuje operacije prekinila čim prej, najpozneje do 31. decembra 2016, če regulativne zahteve ne zahtevajo, da mora operacija delovat tudi po 31. decembru 2016.
The Commission's agreement to a location being maintained must be obtained without delay.
Pristanek Komisije na vzdrževano lokacijo je treba nemudoma pridobiti.
The first asset transfer also falls into that category of measures, as it frees WestLB from facing the consequences of a downward adjustment of the value of its assets.
Prvi prenos sredstev prav tako spada v to kategorijo ukrepov, saj se banki WestLB ni treba soočiti s posledicami prilagoditve vrednosti lastnih sredstev navzdol.