Joint Ventures – Strength in numbers

More and more work is being done under the form of a joint venture (“JV”), particularly on rail and infrastructure projects. JVs present opportunities for parties to spread financial risk (including costs and liabilities) whilst pooling their resources and expertise to provide a well-rounded and innovative offering to their clients. Such arrangements are particularly common at the pre-qualification and tender stages of a project.

Here Antony Smith and Madeleine Kelly talk about the common types of commercial JVs, what you need to consider when forming a JV and cross-border JVs.