Trends in international joint ventures

Since the financial crisis we have seen an emerging trend of companies entering into joint ventures rather than 100 per cent acquisitions, particularly in Europe and the MENASA and Asia-Pacific regions.

A joint venture can ease entry into a new and fast-growing economy, be used to combine complementary businesses, help overcome capital constraints, enable cost savings and synergies to be realised, or be dictated by foreign investment restrictions.

Our sense has always been that there is no accepted formula for dealing with many of the issues that arise in negotiating a joint venture. To test this, we analysed the terms of 50 international joint ventures that Allen & Overy advised on between 2011 and 2013, looking at commonly used structures, funding obligations, decision-making and governance processes, and exit rights…

If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.

Analysis from The Lawyer

  • Panel reviews

    Panel reviews 2014: The chosen ones

    Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all

  • training

    Accutrainee: Revolution postponed

    At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.

View more analysis from The Lawyer


One Bishops Square
E1 6AD

Turnover (£m): 1,189.00
No. of lawyers: 2,304
Jurisdiction: UK
No. of offices: 11
No. of qualified lawyers: 273