Explanation of Article 668
The article clarified that the pre-emption lawsuit is filed against the seller or the buyer, and the pre-emptor may file the lawsuit against both. The pre-emptor must deposit the price with the entity specified by the Minister of Justice within fifteen days from the date of filing the lawsuit; this is to ensure the seriousness of the pre-emptor in exercising the right of pre-emption and to verify his ability to pay the price. The condition for pre-emption is that it must be at the price for which the pre-empted property was sold. The court, at its discretion, may not require the pre-emptor to deposit the entire price but may require him to deposit a part of it, as it deems sufficient to guarantee the seriousness of the pre-emptor and his ability to fulfill his obligations. If the pre-emptor does not deposit the entire price or the part determined by the court within fifteen days from the date of filing the lawsuit, his right to pre-emption is forfeited. This period, as is apparent, is a period of forfeiture, not a period of limitation; thus, suspension or interruption does not apply to it.
Related To
Article 668
A right of first refusal claim may be filed against either the seller or the buyer. In a right of first refusal claim, the court may grant the holder of the right a grace period of 15 days to deposit all or part of the value of the sold property, at the discretion of the court, with an entity to be designated by the Minister of Justice; otherwise, his right of first refusal shall be forfeited.