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Glossary

What is Simulation?

The parties carrying out a transaction that does not reflect their true intention, in order to mislead third parties.

In absolute simulation there is no intention to enter into any transaction at all; in relative simulation another transaction is concealed. A simulated transaction is void and can be raised at any time.

Related terms

This definition is for general information; what the term means in your own file may differ. Let us assess your case together.

From the glossary

Declaration of Assets Set-off Waiver of Claim Undertaking to Vacate Compulsory Enforcement Custody The whole glossary →
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