RECOMMENDED TRANSLATION: Подменное помещение Podmennoe pomeshhenie
L.t.: a temporary location
Tag-along provisions (figurative meaning)
A tag along provision is a corresponding right entitling certain (usually minority) shareholders to participate in a sale by the other (usually majority) shareholders at the same time and at the same price for each share. The minority shareholder then "tags along" with the majority shareholder's sale.
These provisions are typically included in the constitution of the company and state that, if the tag along procedures are not followed by the purchaser, its attempt to buy any of the shares is invalid and will not be registered (Ivory & Rogoza, 2011).
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