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Actually, the right to produce the translation belongs to the original author for the life of the copyright, and is licensed to a translator, whose own work likewise has its own copyright. At least, that's what my book (the one I bought, written by Laura J Murray) on Canadian copyright says. So, yep, you're right.
You could epub the German text, of course, but I'm guessing that might be less useful for most of us English speakers.
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