Joint ventures come in all shapes and sizes, rarely remaining static. That’s why our lawyers find working on them a stimulating and challenging task – one that we embrace wholeheartedly.
Partner - Head of Corporate Team and Corporate Business Group
Partner - Head of IT Law
Partner - Head of Corporate Tax Team
"A responsive team of commercial professionals" who are "extremely client-focused and knowledgeable."
Chambers UK, 2017
Advising on joint ventures, whether between corporates or between corporates and public sector* or third sector bodies, is a key part of our corporate practice.
We are also experts at advising on establishing and managing international joint ventures, particularly those that then invest into the UK.
Our success comes from understanding the commercial issues and realities influencing our clients’ businesses: this means we can help them with the practicalities of negotiating, and then working, with the joint venture structure – ensuring effective and appropriate governance arrangements are in place so that the business can be developed and supported.
We encourage all of our clients to spend time at the crucial point of establishment to consider and refine the basis upon which their interests are aligned and also the circumstances in which this may no longer be the case and what that might mean - be it a trade sale of the venture to a third party, one party “buying out” the other, one party procuring a new investor or the venture being released to pursue its business without the intensive control of the investors. Joint venture deadlock must be managed in a manner which is not destructive of shareholder value.
Finally, we are often asked to help determine the boundary between a co-investment, a joint venture and a fund - applying our expertise on a broad range of corporate arrangements to our advice on joint venturing.
* Our detailed insight of joint ventures with the public sector means we regularly speak and advise on this specialist area. Edward Craft, one of our partners, is author of the chapter of Local Authorities Companies and Partnerships: a Practitioner’s Handbook focussed on public/private joint venture structure.
- shareholders agreements
- profit sharing agreements
- partnership agreements
- co ownership agreements
- Management issues;
- Exit and Termination;
- Off shore structures;
- Management agreements;
- Service level agreements;
- Public sector ventures;
- Incentivisation for management and staff;
- TUPE issues.
Our experience spans a broad range of sectors including:
- Universities: co-locating on a single new campus and operating the same as a joint enterprise;
- Real estate and outsourcing: including establishing the joint venture for the UK's largest ever property transaction and major inward investment joint ventures into UK assets;
- PFI, PPP and public joint ventures: including both commoditised and novel structures for the delivery of infrastructure and other projects;
- Limited liability and limited partnership and other joint venture fund structures: including regulatory issues.