I am a little at a loss.
Why have a Joint Venture Agreement with Preemptive Rights if they can be so simply circumnavigated by selling shares in a holding company.
Is it just the big end of town just being able to do as they please?
Having said that how come FAR were not aware of this agreement? Was it not in the Joint Venture Agreement? If not, why not?
If FAR disagree with the decision they will have a problem doing much about it as it will only cost more money and time................
Ann: Arbitration Decision, page-29
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