Original text: So Company A, with the cooperation of Bank A, hired a more prestigious local lawyer to challenge the collecting bank, Bank B, because it accepted and released the D/P forward as a D/A method. responsibility to file a lawsuit in court. Based on common practice, the local court proactively requested us to withdraw the lawsuit and resolve the case through mediation. After many negotiations between the two parties, the case was finally properly resolved with mutual concessions from both parties.
Reference translation: So the “ A ” company ,under the cooperation of the “ A ” bank , engaged the reputable local lawyer to prosecute the “ B ” collection bank to the court for the responsibility for the " B " bank's cashing the orders to the futures of D/P in the manner of D/A (documents against acceptance). The local court actively requested our part to make a nolle prosequi according to some convention for the sake of settling the case by way of conciliation. The case was finally well settled by both compromising with them after much negotiation.
References: (1) After India's partition in 1947, when Chittagong became part of what was then East Pakistan, reputable local citizens were allowed to become members.
(2) The authoritative dictionary explanation of engage: V-T If you engage someone to do a particular job, you appoint them to do it. hire [formal]
Example: We engaged the services of a famous engineer.
We engaged a famous engineer to help.
(3) Korea and Thailand may prosecute former top finance officials for their dismal performance during the crisis.
(4) N-PLURALWhen people trade in futures, they buy stocks and shares , commodities such as coffee or oil, or foreign currency at a price that is agreed at the time of purchase for items which are delivered some time in the future. Futures [Business]
(5) Encyclopedia: Far The basic concept of forward: A forward is a commitment by both parties to a contract to buy or sell a certain amount of the underlying object at a specific price on a certain day in the future (the underlying object can be a physical commodity such as rice, iron, etc., or it can also be a stock index, bond index, foreign exchange index, etc. and other financial products). Forward (forward, at a specified future date) Pinyin: [yuǎn qī]
(6): D/A abbr. documents against acceptance
(7) so-called Acceptance, simply put, is a promise to honor. It is an act in which the payee signs and seals the bill of exchange to express his promise to bear the payment obligation when the bill of exchange matures in the future.
Acceptance only occurs in activities related to usance bills
(8) The plaintiffs (the dead baby's parents) probably tried to settle the case before it was filed in court
Finally Note: The biggest fear when translating from Chinese to English is not knowing what the Chinese means - even if you know the Chinese characters, you still don’t know what the specific meaning is. In this sentence, I regard D/P forward as D/A mode of acceptance and release ("its" of course refers to the previous noun "collecting bank B bank"). Therefore, I referred to some dictionary explanations. However, since I have no professional knowledge in this area and cannot contact the unit or author of the original text, I cannot guarantee that the translation of the above sentence is correct despite my efforts. , but, because I understand Chinese correctly, there will generally be no problems. This is how I treat my translations honestly, and it is also my attitude towards translation.