Posts tagged #right of first refusal
All PostsOGH on Redemption of First Refusal
ZivilrechtA redemption offer must provide the holder of the right of first refusal with at least a minimum of information necessary to decide whether to exercise this right, according to the case law of the Austrian Supreme Court (Oberster Gerichtshof, hereina...
OGH on Right of First Refusal for Condominiums
Civil LawThe right of first refusal (ROFR) and right of repurchase are legally invalid according to Section 38 (1) no. 3 of the Austrian Condominium Act (Wohnungseigentumsgesetz, hereinafter WEG) if these rights are capable of nullifying or unreasonably restr...
OGH on the offer of redemption in the case of a right of first refusal
The Supreme Court (Oberster Gerichtshof, OGH) discussed the requirement of actual redemption in the case of a right of first refusal to purchase a property, and the deadline to be set by the notary for this. Section 83 of the Notarial Code (Notariats...
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