An update on pre-emptive rights

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An update on pre-emptive rights

Emma McLeod

Australian resources and energy law journal, 12/2015, Volume: 34, Issue: 3

Journal Article

Pre-emptive rights clauses require careful drafting, and notices under them must comply strictly with procedures agreed upon. Where parts of a notice are invalid, if the part cannot be severed from the notice, the whole notice fails. This decision is a reminder of the care needed in drafting and in complying with pre-emptive rights clauses.

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