Hewitt on Joint Ventures 8th edition analyses a variety of transactions where two or more existing entities agree to establish and participate in a common enterprise or business-related activity. The main focus is on joint ventures using the medium of a joint venture company. The principal issues raised by a range of transactions are examined, outlining how such issues might be handled and setting out the relevant background law.

Described in the High Court as “a book edited by practitioners who specialise and have extensive experience in this area of commercial activity”, it is written in a clear and practical way, tailored for the practitioner and in-house counsel. It aims to provide detailed commercial guidance alongside a comprehensive review of relevant specialist areas of law, as well as useful checklists and precedents.

Coverage:

Provides in-depth examination of all aspects of joint ventures and a range of collaborative relationships

Covers the practicalities involved in the drafting, negotiating and setting up of joint ventures

Guides you through the planning stages of a joint venture or alliance

Identifies and examines the principal issues for joint venture parties, including: capital and funding; governance and management; minority investment and protection; deadlock and breakdown; duties between joint venture parties; transfers of shares; exit, termination and change; and disputes – mediation, litigation and arbitration

Sets out the relevant legal background

Suggests ways of dealing with issues that may arise

Includes a range of precedents and checklists

Recognises the international nature of many JV agreements

New to this Edition

Hewitt reflects and contextualises many significant legal developments over the last five years, including:

the legal impact of the UK’s departure from the European Union

the growing importance for business and transactions of environmental, social and governance (ESG) factors and how directors should approach this

the much-increased focus on corporate transparency and anti-corruption, which has led to significant new legislation addressing the disclosure of foreign ownership of UK real estate, verification of the controllers and managers of UK companies and other vehicles, and the prospective introduction of a failure to prevent fraud offence

the main joint venture-relevant case law since the last edition, including new clarity from the higher courts regarding:
the duties owed by directors to creditors when the company is insolvent, and the consequences of breach
the rule against recovery for reflective loss
parent company liability for tort
the exercise of conversion rights from one class of shares to another
the limitation of actions in relation to unfair prejudice petitions
the consolidation and wider application of the principle that a person is unlikely to have agreed to give up a valuable right that they would otherwise have had, unless there are clear words to that effect
the closer scrutiny and control in the interests of national security of inward investment in key areas

the treatment of the entry into and termination of joint ventures under the new UK Listing Regime

the potentially far-reaching imposition of financial responsibility for defective residential buildings and the need – for these and other reasons flagged above – for careful due diligence

challenges affecting joint ventures with local parties in a number of key international jurisdictions (Brazil, China, India, Malaysia and United Arab Emirates).

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Hewitt on Joint Ventures, 8th Edition

Hewitt on Joint Ventures, 8th Edition