Examples of using Set-off in English and their translations into Slovak
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Computer
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Programming
unilaterally set-off or otherwise unilaterally reduce its payments.
Set-off constitutes an impediment to enforcement if the enforcement service finds that the counterclaim has been lodged by way of a valid enforceable title
The creditor who wishes to use the right of set-off submits a statement to that end no later than on the day when the claim is lodged(Article 96 of the Bankruptcy Act).
In simple terms, our right to set-off means that we may deduct such fees,
the debtor may set-off only the claim which he had at the time of the first assignment against the first creditor, as well as the last creditor.
No part of any amount payable to Seller may be reduced due to any counterclaim, set-off, adjustment or other right which the Buyer might have against Seller or any other party.
In simple terms, our right to set-off means that we may deduct such fees,
The Vendor is in such case entitled to set-off his claim for compensation of damage against the Purchaser's claim for return of the purchase price after withdrawal- the Purchaser is to receive the purchase price reduced by the amount of damage.
was entitled to set-off, the opening of bankruptcy proceedings has no effect on that right.
against the original creditor, including set-off.
right of creditors to demand compensation for their claims against the claims of the insurance undertaking, where this set-off is permitted by the law applicable to the claim of the insurance undertaking.
(26) If a set-off is not permitted under the law of the opening State, a creditor should nevertheless be entitled to the set-off if it is possible under the law applicable to the claim of the insolvent debtor.
The opening of insolvency proceedings shall not affect the right of creditors to demand the set-off of their claims against the claims of the debtor, where such a set-off is permitted by the law applicable to the insolvent debtor's claim.
Where losses incurred by permanent establishments may not be set off against profits of a head office(“vertical upward” set-off), there will be a difference in treatment in comparison with a purely domestic situation.
The adoption of reorganisation measures or the opening of winding-up proceedings shall not affect the right of creditors to demand the set-off of their claims against the claims of the credit institution, where such a set-off is permitted by the law applicable to the credit institution's claim.
since losses are taken into account only at the level of the head office(“vertical upward” set-off).
A declaration of insolvency does not affect a creditor's right to invoke a set-off against a counterclaim of the debtor, provided that the conditions for set-off were met before the declaration of insolvency.
No part of any amount payable to Seller may be reduced due to any counterclaim, set-off, adjustment or other right which the Buyer might have against Seller
A set-off is not excluded for claims denominated in different currencies or units of accounts provided that such currencies or units of accounts can be easily exchanged at the place of settlement of the claim used for the set-off.
The Merchant recovers these claims in the form of set-off against the refunded purchase price.