"In accordance with our legislation, pre-emptive rights belong to us," Mr. Shkolnik said.
"We are not speaking about a sale of assets where pre-emptive rights would apply," he said.
Whitbread, which lost out to Punch in the bidding for Allied's pubs, used its pre-emptive rights to eliminate the Britvic stake from the deal.
Last month Nokia encouraged other shareholders to use their pre-emptive rights to buy some of the stock Psion is selling to allow Symbian to remain an independent company.
Longer-term, Russia and France have pre-emptive rights for deals done or money owned by Iraq but clearly the US will get in on the act [on redeveloping Iraqi oilfields]." Paul Slater, who owned and ran a tanker fleet hired out to Shell and is a leading figure in the independent tanker owners association (Intertanko), is less certain.
The rights of the investors (rights to profits, distributions, tax benefits, voting rights, pre-emptive rights for future unit issuances, etc). need to be clearly set forth in the LLC's Articles of Organization and/or in an investor rights agreement.
The sale will be conducted through pre-emptive rights to existing shareholders, which means that existing shareholders in the hotels will have the first right to acquire the stakes, giving the Sovereign Group an edge in the purchase.
The defendant could not initiate any pre-emptive right to the land so long as the Indian title remained unextinguished.
"They absolutely do not have any sort of pre-emptive right," said Erwin Hayden, a spokesman for E.ON.
Some proceeds of the sale will be used to document the Breton collection online, and a Drouot spokewoman said the government planned to exercise its pre-emptive right to buy some works.
Chilcot has revealed that new evidence came to light only when witnesses to the inquiry made reference to them in their responses to the "Maxwellisation" process, under which people facing criticism are given a pre-emptive right of reply.
