Aditi Sanjay Kamble, L.LM candidate at MNLU, Mumbai
ABSTRACT
The aim of this paper is to comprehend and understand the complexities of pre-emptive rights such as Right of first refusal(ROFR). The paper dissects the Amazon-future coupon deal and the legal battle that followed to understand how companies can have a tough time defending a pre-emptive right or call option. Further attempt has been made to understand the right of first refusal (ROFR) in more depth. We dive deep into the legal implications of the right of first refusal in India and how Indian courts have reacted to the concept of pre-emptive rights in the past. Lastly, efforts have been made to grasp the legal ramification of corporate agreements that give rise to pre-emptive rights and solutions on how to prevent such complications in the future.
