Joint ventures (JVs) take many different forms and are entered into for many different strategic reasons, for example to combine financial resources or to pool know how. They may also enable parties constrained for reasons of risk appetite or availability of investment funding to develop business propositions or to create economies of scale in a given industry sector.

Joint ventures may be alliances created by necessity or they may be the coming together of complementary skill sets. Further, whilst this has always been a feature in particular industry sectors and jurisdictions, the significance of foreign ownership restrictions may increasingly drive the joint venture as the vehicle of necessity.

What do you need to consider?

Explore further some of the key topics relevant to understand when entering into a joint venture below.

Preparatory steps | Governance arrangements | Competing with the JV | Financial issues | Share transfers and exit provisions | Default situations | Dispute resolution considerations | Specialist work streams

Expertise in key areas

Joint ventures require expertise in a number of specialist technical areas. Norton Rose Fulbright’s team brings together lawyers with such experience as illustrated by the more in depth guidance below.