natgillin/translations-raw huggingface dataset:
HRE will make available to the Trustee one or more offices at its business premises and will be available for meetings with the Trustee in order to provide the Trustee with all information necessary for the performance of its duties.
Banka HRE bo fiduciarju dala na razpolago enega ali več uradov v svojih poslovnih prostorih in bo na voljo za sestanke, da bo lahko fiduciarju zagotovila vse informacije, potrebne za opravljanje njegovih nalog.
HRE will provide the Monitoring Trustee, on request, with the information sent to potential purchasers and will grant and require its advisors to grant the Trustee, in particular, the same access to data room documentation and all other information that was granted to potential purchasers during the due diligence procedure.
Banka HRE bo fiduciarju za spremljanje na zahtevo predložila informacije, poslane morebitnim kupcem, in mu zagotovila ter zahtevala od svojih svetovalcev, da mu zagotovijo enak dostop do dokumentacije v varni sobi in vseh drugih informacij, ki so bile na voljo morebitnim kupcem med postopkom preverjanja skrbnega poslovanja.
HRE will inform the Monitoring Trustee about potential purchasers, provide the Monitoring Trustee with a list of potential purchasers, and keep the Monitoring Trustee informed of all developments in the reprivatisation process.
Banka HRE bo fiduciarja za spremljanje obvestila o morebitnih kupcih, mu predložila seznam morebitnih kupcev in ga obveščala o poteku postopka ponovne privatizacije.
Germany undertakes to ensure that HRE will grant and require its affiliated companies to grant the Divestiture Trustee comprehensive powers of attorney, duly executed — subject to that which is legally permissible, in particular under supervisory and company law — to effect the reprivatisation, transfer and all actions and declarations which the Divestiture Trustee considers necessary or appropriate for the reprivatisation and transfer, including the appointment of advisors to assist with the reprivatisation process.
Nemčija se zavezuje, da bo banka HRE fiduciarju za odsvojitev dodelila in od svojih pridruženih podjetij zahtevala, da mu dodelijo ustrezna celovita pooblastila – na podlagi zakonsko dopustnega, zlasti v skladu s pravnimi predpisi, ki veljajo za nadzor, in pravom družb – za izvedbo ponovne privatizacije, prenosa ter vseh ukrepov in deklaracij, ki so po mnenju fiduciarja za odsvojitev potrebni ali ustrezni za ponovno privatizacijo in prenos, vključno z imenovanjem svetovalcev, ki pomagajo pri postopku ponovne privatizacije.
At the request of the Divestiture Trustee, HRE will ensure that the documents required for effecting the reprivatisation and transfer are duly executed.
Na zahtevo fiduciarja za odsvojitev bo banka HRE zagotovila, da so dokumenti, potrebni za izvedbo ponovne privatizacije in prenosa, ustrezni.
Germany undertakes to ensure that HRE will indemnify the Trustee and its employees and agents (‘Indemnified Parties’) and hold the Indemnified Parties harmless against, and hereby declares that the Indemnified Parties will have no liability to, HRE for any liabilities arising out of the performance of the Trustee’s duties under the obligations, except to the extent that such liabilities result from the wilful default, recklessness, gross negligence or bad faith of the Trustee, its employees, agents or advisors.
Nemčija se zavezuje, da bo banka HRE fiduciarju in njegovim zaposlenim ter zastopnikom (v nadaljnjem besedilu: oškodovane stranke) poravnala škodo in jih odvezala odgovornosti za škodo, in s tem izjavlja, da oškodovane stranke ne prevzemajo nobene odgovornosti do banke HRE za morebitne obveznosti, nastale zaradi opravljanja nalog fiduciarja na podlagi obveznosti, razen če so te obveznosti nastale zaradi namernega neizpolnjevanja obveznosti, malomarnosti, hude malomarnosti ali delovanja v slabi veri fiduciarja, njegovih zaposlenih, zastopnikov ali svetovalcev.
At the expense of HRE, the Trustee may appoint advisors (in particular for corporate finance or legal advice), subject to HRE’s approval (this approval not to be unreasonably withheld or delayed) if the Trustee considers the appointment of such advisors necessary or appropriate for the performance of its duties and obligations under the mandate, provided that any fees and other expenses incurred by the Trustee are reasonable.
Na stroške banke HRE in z njeno odobritvijo (ta odobritev ne sme biti nerazumno zadržana ali odložena) lahko fiduciar imenuje svetovalce (zlasti za storitve finančnega svetovanja ali pravne nasvete), če meni, da je imenovanje takšnih svetovalcev potrebno ali ustrezno za izvajanje njegovih nalog in obveznosti v mandatu, če so morebitni honorarji in drugi stroški, ki jih ima fiduciar, razumni.
Should HRE refuse to approve the advisors proposed by the Trustee, the Commission may approve the appointment of such advisors instead, after having heard HRE.
Če banka HRE zavrne odobritev svetovalcev, ki jih je predlagal fiduciar, lahko takšne svetovalce imenuje Komisija po preučitvi argumentov banke HRE.
Only the Trustee will be entitled to issue instructions to the advisors.
Samo fiduciar lahko daje navodila svetovalcem.
Paragraph C(iii) will apply mutatis mutandis.
Smiselno se uporablja odstavek C(iii).
The Divestiture Trustee may use advisors who served HRE during the divestiture period if the Divestiture Trustee considers this to be in the best interest of an expedient sale.
Fiduciar za odsvojitev lahko uporabi svetovalce, ki so delali za banko HRE med obdobjem odsvojitve, če meni, da je to v najboljšem interesu za ugodno prodajo.
Replacement, discharge and reappointment of the Trustee
Zamenjava, razrešitev in ponovno imenovanje fiduciarja
If the Trustee does not fulfil its functions under the commitments or for any other good cause, including the exposure of the Trustee to a conflict of interest:
Če fiduciar ne izpolni svojih funkcij v okviru zavez ali zaradi katerega koli drugega dobrega razloga, vključno z izpostavljenostjo fiduciarja navzkrižju interesov,
the Commission may, after hearing the Trustee, require HRE to replace the Trustee; or
lahko Komisija po preučitvi argumentov fiduciarja od banke HRE zahteva, da fiduciarja zamenja, ali
HRE, with the approval of the Commission, may replace the Trustee.
lahko banka HRE, z dovoljenjem Komisije, zamenja fiduciarja.
If the Trustee is removed according to paragraph D(i), the Trustee may be required to continue in its function until a new Trustee is in place to whom the Trustee has effected a full handover of all relevant information.
Če je fiduciar razrešen v skladu z odstavkom D(i), se lahko od fiduciarja zahteva, da svojo funkcijo opravlja do imenovanja novega fiduciarja, ki mu je fiduciar v celoti izročil vse pomembne informacije.
The new Trustee will be appointed in accordance with the procedure referred to in paragraphs A(i) to A(vi).
Novi fiduciar je imenovan v skladu s postopkom iz odstavkov A(i) do A(vi).
Beside the removal according to paragraph D(i), the Trustee will cease to act as a Trustee only after the Commission has discharged it from its duties.
Razen razrešitve v skladu z odstavkom D(i) fiduciar preneha opravljati funkcijo samo, če ga razreši Komisija.
This discharge will take place when all the obligations with which the Trustee has been entrusted have been implemented.
Ta razrešitev se izvede, ko so izvedene vse obveznosti, za katere je bil fiduciar zadolžen.
However, the Commission may at any time require the reappointment of the Monitoring Trustee if it is subsequently found that the relevant remedies have not been fully and properly implemented.
Vendar pa lahko Komisija kadar koli zahteva ponovno imenovanje fiduciarja za spremljanje, če se naknadno ugotovi, da ustrezni ukrepi niso bili v celoti in pravilno izvedeni.
On 24 September 2010 the Commission again extended the formal investigation procedure and temporarily authorised the impaired asset measure, the liquidity guarantee of EUR 20 billion and the settlement guarantee of up to EUR 20 billion. That decision was published in the Official Journal of the European Union [12], calling on interested parties to submit comments.
Komisija je 24. septembra 2010 ponovno podaljšala formalni postopek preiskave in začasno odobrila ukrep za oslabljena sredstva, likvidnostno jamstvo v višini 20 milijard EUR in jamstvo v primeru likvidacije v višini do 20 milijard EUR. Ta odločitev je bila objavljena v Uradnem listu Evropske unije [12], in je pozvala vse zainteresirane strani, naj predložijo svoje pripombe.
FMS-WM, the winding-up institution for HRE, was established in 2010.
Banka FMS-WM, slaba banka za banko HRE, je bila ustanovljena leta 2010.
It manages the assets and derivatives of the HRE group that it has taken over because they were either non-strategic or contained an unacceptable risk or capital burden.
Upravlja sredstva in izvedene finančne instrumente skupine HRE, ki jih je prevzela, ker so bili nestrateški ali pa so vsebovali nesprejemljivo tveganje ali kapitalsko breme.
Overall, the German State has provided or will provide HRE with capital injections totalling up to approximately EUR 9,95 billion (FMS-WM has received or will receive part of that capital) and guarantees of EUR 145 billion. HRE also benefited from an asset relief measure with an aid element of approximately EUR 20 billion.
Nemčija je banki HRE zagotovila ali bo zagotovila kapitalske injekcije, ki skupaj znašajo približno 9,95 milijarde EUR (banka FMS-WM je ali bo prejela del tega kapitala) in jamstva v višini 145 milijard EUR. Banka HRE je imela korist tudi od ukrepa finančne pomoči za oslabljena sredstva, katerega element pomoči je znašal približno 20 milijard EUR.
Those newly issued shares were registered in the commercial register on 8 June 2009.
Te na novo izdane delnice so bile v trgovinski register vpisane 8. junija 2009.
This capital injection was temporarily approved by the Commission on 13 November 2009.
Komisija je to kapitalsko injekcijo začasno odobrila 13. novembra 2009.
The contracts for that EUR 3 billion capital injection were signed on 16 November 2009.
Pogodbe za to kapitalsko injekcijo v višini 3 milijarde EUR so bile podpisane 16. novembra 2009.
The capital injection was temporarily approved by the Commission on 13 November 2009.
Komisija je kapitalsko injekcijo začasno odobrila 13. novembra 2009.
The contract for that EUR 1,4 billion capital injection was signed on 20 May 2010.
Pogodba za to kapitalsko injekcijo v višini 1,4 milijarde EUR je bila podpisana 20. maja 2010.
Germany expects the other part of the EUR 1,85 billion, i.e. EUR 450 million, to be injected in the third quarter of 2011.
Nemčija pričakuje, da bo drugi del teh 1,85 milijarde EUR, tj. 450 milijonov EUR, vložen v tretji četrtini leta 2011.
According to Germany, the EUR 2,08 billion would be injected in the third quarter of 2011.
Po navedbah Nemčije naj bi bilo teh 2,08 milijarde EUR vloženih v tretji četrtini leta 2011.
SoFFin put the EUR 2,08 billion, subject to agreement by the European Commission, as a capital claim (‘Einlageanspruch’) into the capital reserve (‘Kapitalrücklage’) of HRE Holding.
Sklad SoFFin je teh 2,08 milijarde EUR, s soglasjem Evropske komisije, vložil kot kapitalsko terjatev („Einlageanspruch“) v kapitalsko rezervo („Kapitalrücklage“) HRE Holding.
The ‘secured notes’ expiring on 23 December 2009 were replaced by a SoFFin guarantee for EUR 8 billion. The Commission temporarily approved that guarantee on 21 December 2009.
„Zavarovane obveznice“, ki so potekle 23. decembra 2009, je nadomestilo jamstvo sklada SoFFin v višini 8 milijard EUR. Komisija je to jamstvo začasno odobrila 21. decembra 2009.
The transfer was temporarily approved by the Commission on 24 September 2010.
Komisija je prenos začasno odobrila 24. septembra 2010.
The measure transferred non-strategic and non-performing assets such as government bonds or non-performing property loans (or, as described in recital 49, only their regulatory capital usage) into a government-backed vehicle to be wound down over a number of years.
Z ukrepom so bila nestrateška in nedonosna sredstva, kot so vladne obveznice ali nedonosna hipotekarna posojila (ali, kot je opisano v uvodni izjavi 49, samo njihova uporaba regulatornega kapitala), prenesena na namensko družbo z državnim jamstvom, ki bo v nekaj letih prenehala z delovanjem.
The effective transfer date was 30 September 2010.
Veljavni datum prenosa je bil 30. september 2010.
By that time, due to amortisation, the portfolio earmarked for the transfer had a book value of EUR 173 billion. In accordance with the Communication from the Commission on the treatment of impaired assets in the Community banking sector (‘Impaired Asset Communication’ or ‘IAC’) [18], the Commission appointed external experts to support it in valuing the portfolio, determining the aid element and assessing whether and to what extent the value of the transfer made was above the real economic value (REV) of the portfolio.
Zaradi amortizacije je takrat knjižna vrednost portfelja, namenjenega za prenos, znašala 173 milijonov EUR. V skladu s Sporočilom Komisije o obravnavanju oslabljenih sredstev v bančnem sektorju Skupnosti (v nadaljnjem besedilu: Sporočilo o oslabljenih sredstvih) [18] je Komisija imenovala zunanje strokovnjake, ki so ji pomagali pri ocenjevanju vrednosti portfelja, določanju elementa pomoči in ocenjevanju, ali in v kolikšni meri je vrednost izvedenega prenosa presegala realno ekonomsko vrednost (REV) portfelja.
The extreme assumption that the market value of the loan book is zero would give a total aid amount of EUR 90 billion. Assuming that the loans trade in the same way as liquid bonds of similar maturity and credit quality, the total aid would be around EUR 20 billion.
Ob skrajni predpostavki, da je tržna vrednost portfelja posojil enaka nič, bi skupni znesek pomoči znašal 90 milijard EUR. Ob predpostavki, da se s posojili trguje na enak način kot z likvidnimi obveznicami s podobno zapadlostjo in kreditno kakovostjo, bi skupni znesek pomoči znašal približno 20 milijard EUR.
On 1 April 2009 Germany notified a first draft of a restructuring plan for HRE and, after several modifications, it submitted the final update of the plan on 14 June 2011.
Nemčija je 1. aprila 2009 priglasila prvi osnutek načrta prestrukturiranja za banko HRE, po več spremembah pa je 14. junija 2011 predložila dokončno posodobljen načrt.
Unless otherwise specified, all references to the restructuring plan in the remainder of this Decision are to this final version of 14 June 2011.
Če ni navedeno drugače, se vse navedbe načrta prestrukturiranja v preostalem delu tega sklepa nanašajo na končno različico načrta z dne 14. junija 2011.
Duration of the commitments In principle the commitments are valid until the end of the restructuring period, i.e. 31 December 2015.
trajanje zavez načeloma zaveze veljajo do konca obdobja prestrukturiranja, tj. do 31. decembra 2015.
However, commitments regarding DEPFA Bank plc and its subsidiaries will in principle end as soon as DEPFA Bank plc is reprivatised, if that happens sooner.
Vendar pa zaveze glede banke DEPFA Bank plc in njenih podružnic načeloma prenehajo veljati takoj, ko je banka DEPFA Bank plc ponovno privatizirana, če se to zgodi pred iztekom obdobja prestrukturiranja.
In such a case, Germany would notify the Commission of the sale in advance and would not implement the sale without the Commission’s approval, if it were to take place before 31 December 2013.
V tem primeru Nemčija Komisijo obvesti o prodaji in prodaje ne izvrši brez privolitve Komisije, če naj bi bila prodaja izvedena pred 31. decembrom 2013.
Commitments regarding PBB will end as soon as PBB is reprivatised, but in any event not before 31 December 2013
Zaveze glede banke PBB prenehajo veljati takoj, ko je banka PBB ponovno privatizirana, vendar v nobenem primeru pred 31. decembrom 2013;
Moreover, the proposed restructuring is very far-reaching and includes a dramatic downsizing of the ‘good’ core bank, to approximately 15 % of HRE’s size at the end of 2008.
Poleg tega je predlagano prestrukturiranje obsežno in vključuje drastično zmanjšanje „dobre“ temeljne banke, na približno 15 % velikosti banke HRE konec leta 2008.
Together with commitments on growth restriction, product range limitations, corporate governance and reprivatisation through a public tender, the complete restructuring package can be considered sufficiently far-reaching within the meaning of the IAC.
Skupaj z zavezami glede omejitve rasti, omejitev obsega proizvodov, korporativnega upravljanja in ponovne privatizacije prek javnega razpisa se celoten paket prestrukturiranja lahko šteje za dovolj obsežen v smislu Sporočila o oslabljenih sredstvih.
In the base case scenario the cash and liquidity reserve would be approximately [12–17] % of PBB’s balance sheet by the end of 2011 and reach a level of approximately [7–17] % by the end of 2015.
V osnovnem scenariju bi bila denarna in likvidnostna rezerva približno [12–17] % bilance stanja banke PBB do leta 2011, do konca leta 2015 pa bi dosegla približno [7–17] %.
In the stress case scenario the cash and liquidity reserve would exceed [7–10] % of PBB’s balance sheet by the end of 2011, and reach a level of approximately [7–10] % by the end of 2015.
V izrednem scenariju bi denarna in likvidnostna rezerva presegla [7–10] % bilance stanja banke PBB do konca leta 2011, do konca leta 2015 pa dosegla približno [7–10] %.
In the Commission’s view, the liquidity situation seems to be appropriate in both a base case and a stress case scenario.
Po mnenju Komisije se zdi stanje likvidnosti ustrezno tako v osnovnem kot v izrednem scenariju.
On that basis, Germany has committed that PBB will establish full organisational independence of the related services and will no longer provide those services to FMS-WM after 30 September 2013.
Na podlagi tega se je Nemčija zavezala, da bo banka PBB po 30. septembru 2013 postala popolnoma organizacijsko neodvisna od povezanih storitev in teh storitev ne bo več zagotavljala banki FMS-WM.
The same applies to the refinancing of FMS-WM.
To velja tudi za refinanciranje banke FMS-WM.
According to the restructuring plan, in the stress case scenario PBB would record losses of EUR [100–125] million in 2011, yet at the end of the restructuring period in 2015 PBB is expected to show profits of EUR [270-310] million. The return on equity (after taxes) would be negative in 2011 (– [2,8–3,8] %) and in 2012, but in that scenario the expected return on equity in 2015 would be nearly [9–12] %.
V skladu z načrtom prestrukturiranja bi v letu 2011 v izrednem scenariju banka PBB zabeležila izgube v višini [100–125] milijonov EUR, vendar se ob koncu obdobja prestrukturiranja leta 2015 pričakuje, da bo banka PBB prikazala dobiček v višini [270–310] milijonov EUR. V letih 2011 in 2012 bi bila donosnost lastniškega kapitala (po davkih) negativna (– [2,8–3,8] %), vendar je po tem scenariju pričakovana donosnost kapitala v letu 2015 skoraj [9–12] %.
Altogether Germany has invested or will invest nearly EUR 10 billion in HRE. Part of those capital injections, i.e. EUR 2,08 billion, will be used to recapitalise the winding-up institution FMS-WM, while another EUR 1,59 billion will be transferred to FMS-WM in the course of the restructuring.
Skupaj je oziroma bo Nemčija v banko HRE vložila skoraj 10 milijard EUR. Del teh kapitalskih injekcij, tj. 2,08 milijarde EUR, bo uporabljen za rekapitalizacijo slabe banke FMS-WM, nadaljnjih 1,59 milijarde EUR pa bo na banko FMS-WM prenesenih med prestrukturiranjem.
In the base case scenario its core capital ratios (based on the Basel II RBA method) are projected to be 12,9 % at the end of 2011, declining slightly over the restructuring period to reach 12,4 % by the end of 2015.
V osnovnem scenariju bo po napovedih delež kapitala osnovnega reda (na podlagi metode okvira Basel II, ki temelji na bonitetnih ocenah) konec leta 2011 znašal 12,9 %, med obdobjem prestrukturiranja pa se bo nekoliko zmanjšal in do konca leta 2015 dosegel 12,4 %.
The restructuring plan does not raise doubts that the bank will meet minimum capital requirements over the restructuring period.
Načrt prestrukturiranja ne vzbuja pomislekov glede tega, ali bo banka v obdobju prestrukturiranja dosegla minimalne kapitalske zahteve.
HRE has furthermore benefited from the provision of guarantees amounting to EUR 145 billion in total, of which EUR 124 billion have actually been used. Those guarantees were necessary in order to enable the continued operation of the bank when it faced insolvency, at least until HRE was in a position to transfer its impaired assets to FMS-WM.
Banka HRE je imela poleg tega korist od zagotavljanja jamstev v višini skupno 145 milijard EUR, od katerih je bilo dejansko uporabljenih 124 milijard EUR. Ta jamstva so bila potrebna, saj so banki pri soočanju s plačilno nesposobnostjo omogočila neprekinjeno poslovanje, vsaj dokler banka HRE ni prenesla svojih oslabljenih sredstev na banko FMS-WM.
All the guarantees that were used by the HRE group, amounting to a total of EUR 124 billion, were transferred to FMS-WM with effect from 1 October 2010.
Vsa ta jamstva, ki jih je uporabila skupina HRE in so znašala 124 milijard EUR, so bila prenesena na banko FMS-WM z učinkom od 1. oktobra 2010.
The operation of PBB therefore no longer relies on State guarantees.
Poslovanje banke PBB zato ni več odvisno od državnih jamstev.
Rather, the transfer should be classified as a State aid measure itself, as the price that HRE received for the assets exceeded the REV of the assets by some EUR 16,2 billion. Nevertheless, the company has sold and is in the process of selling several participations in companies (e.g. Arsago ACM GmbH (Frankfurt), Arsago Holding AG (Switzerland), DEPFA First Albany Securities LLC (New York) and Collineo Asset Management GmbH).
Namesto tega bi bilo treba prenos opredeliti kot ukrep državne pomoči, saj je cena, ki jo je banka HRE prejela za sredstva, presegla realno ekonomsko vrednost teh sredstev za približno 16,2 milijarde EUR. Kljub temu je družba prodala in še prodaja več udeležb v družbah (npr. družbah Arsago ACM GmbH (Frankfurt), Arsago Holding AG (Švica), DEPFA First Albany Securities LLC (New York) in Collineo Asset Management GmbH).
Overall, the German State has provided or will provide for HRE capital injections totalling up to approximately EUR 9,95 billion (FMS-WM is the recipient of part of that capital) and guarantees of EUR 145 billion. HRE also benefited from an asset relief measure with an aid element of about EUR 20 billion. In view of that considerable State support, a deep restructuring of HRE must be carried out.
Nemčija je banki HRE zagotovila ali bo zagotovila kapitalske injekcije, ki skupaj znašajo približno 9,95 milijarde EUR (banka FMS-WM je ali bo prejela del tega kapitala) in jamstva v višini 145 milijard EUR. Banka HRE je imela korist tudi od ukrepa finančne pomoči za oslabljena sredstva, katerega element pomoči je znašal približno 20 milijard EUR. Ob upoštevanju te precejšnje državne pomoči je treba izvesti temeljito prestrukturiranje banke HRE.
Finally, Germany has committed to reprivatise PBB as soon as possible, i.e. by 31 December 2015 at the latest.
Nemčija se je zavezala, da bo banko PBB čim prej ponovno privatizirala, tj. najkasneje do 31. decembra 2015.
The sale of PBB will allow the Federal Republic of Germany to recover (part of) the funds invested in HRE.
Prodaja banke PBB bo Zvezni republiki Nemčiji omogočila, da povrne sredstva oziroma del sredstev, vloženih v banko HRE.
For the PBB sub-group only, this will apply from 31 December 2013 at the earliest.
Samo za podskupino banke PBB to velja šele od 31. decembra 2013.
Reprivatisation will be considered to have been successful if Germany cannot directly or indirectly exercise sole or joint control within the meaning of Article 3 of the Merger Regulation (EC) No 139/2004 over the company in question (‘reprivatisation’).
Ponovna privatizacija se bo štela za uspešno, če Nemčija ne more neposredno ali posredno izvajati izključnega ali skupnega nadzora v smislu člena 3 Uredbe o združitvah (ES) št. 139/2004 nad zadevnim podjetjem (v nadaljnjem besedilu: ponovna privatizacija).