We advise on domestic and international joint ventures (JV) in which 2 or more enterprises join together to form a new business (unincorporated joint venture) or a new company (incorporated joint venture) to undertake a joint enterprise. We have advised on these different types of JV structures both domestically and internationally, where we work together with independent local counsel.
JVs require special consideration because they are formed for a particular objective and each party needs appropriate safeguards. In a 2 party JV, each party usually contributes to operations and shares in revenues on an equal basis (50:50), this is not a pre-requisite and majority/minority JVs are also common – these too require special care and attention to ensure a fair and balanced outcome where the minority party is properly and adequately secured.
We have significant expertise and experience in establishing JV companies, drafting relevant documentation such as shareholder or operating agreements, service contracts and bespoke articles of association for the JV company, particularly relating to technology products and the Oil & Gas industry.
Joint Venture – Premium Cooperage
We advised a team of Hungarian lawyers whose client was the US owner of Hungarian operation in a complex incorporated joint venture with a prestigious French family-owned cooperage…
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