Publication
Mission impossible? Teresa Ribera’s mission letter and the future of EU merger review
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Joint ventures survey
Read our report on the success factors behind joint ventures and the outlook for 2021
Global | Publication | March 2021
We surveyed international businesses on their experiences of forming joint ventures (JVs), what made collaborative efforts a success and their views on future collaborations. Key findings include:
| The pandemic is impacting strategy | |
|---|---|
 |
46% of businesses have had transaction plans altered due to COVID-19. As with other types of transaction, uncertainty stemming from the pandemic has impacted plans for collaboration, although the relative effect and duration of such uncertainty is variable depending on sector. |
| Joint ventures and collaboration are the future | |
|---|---|
 |
Of those who had clear plans, 44% are looking to form a JV in the next 12-24 months. Joint ventures continue to be a popular part of a strategy for growth. Such a model for risk sharing might become more attractive during a period of uncertainty, potentially caused by the pandemic, technological disruption or geopolitical factors. |
| Team of rivals? | |
|---|---|
 |
More businesses are looking at horizontal collaboration rather than to team with supply chains. 44% of respondents saw horizontal collaboration (rather than vertical or diagonal collaboration) as the space where joint ventures would play a part, reflecting perhaps defensive measures or routes to new markets. |
| Joint ventures are delivering results | |
|---|---|
 |
Most are seen as successful with little need to renegotiate terms. Our survey found that joint ventures were perceived to be complex but if parties were suitably prepared, then respondents said that joint ventures delivered on their objectives. 78% of respondents assessed the success of their joint ventures being “as expected” or “better than expected”. |
| A clear and mutually beneficial strategy is the key to success | |
|---|---|
 |
Early stage expectation setting is the biggest factor behind successful joint ventures. A clear articulation of business objectives and imperatives is important to the success of a joint venture. 67% of respondents said that clearly addressing expectations at an early stage was a key reason for expectations being met. |
| International cooperation | |
|---|---|
 |
More opportunities are seen globally than domestically. 77% of respondents envisage that their next joint venture will be international in nature, reflecting findings that the most important reason for entering into a joint venture was access to new markets. |
Recent publications
Publication
Agreement on new EU gas projects and measures under the European Green Deal
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
Publication
Facilitating investment in long duration energy storage
On 10 October 2024, the UK government published its long awaited response (the Response) to its January 2024 consultation on “Designing a policy framework to enable investment in long duration electricity storage” (the Consultation).
Subscribe and stay up to date with the latest legal news, information and events . . .