Navigating Pre-Emption Rights in Joint-Stock Companies: Opportunities and Challenges

Pre-emption right, also known as the right of first refusal, is a contractual right that gives existing shareholders the first opportunity to buy additional shares in a company before they are offered to outside investors. This right is commonly used to prevent unknown shareholders from joining the company. By exercising their pre-emption right, existing shareholders can maintain control of the company and prevent dilution