The Struggles of Joint Ventures
A Joint Venture (JV) is an arrangement between two or more business entities, often for the purpose of starting a new business activity. The aim is to bring the expertise of the parties involved and contribute to the growth of the business.
Having consensus while starting with a Joint Venture is as crucial even while the project is undertaken. But various factors can contribute to the downturn of any JV and lead to many struggles for its survival. To know the ‘The Struggles of Joint Ventures’ LawWiser brings to you a conversation with Mr Abhijit Mukhopadhyay, President (Legal) and General Counsel, (Global Headquarters, London), Hinduja Group.
He explains what is a Joint Venture, the issues that can arise in a JV, and shares insights on the following-
1) What is the importance of a clearly defined JV agreement?
2) The need to have clarity in minority protection provisions.
3) The clarity in the deadlock resolution mechanism and exit mechanism
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