International Joint Ventures

Joint ventures have become a common vehicle for companies to create strategic
alliances with partners that have complementary capabilities and resources,
fostering opportunities to exploit distribution channels, technology, or
finance in ways not available to the sole partners. Simply put, in a joint
venture, two or more parent companies agree to pool defined capital,
technology, human resources, risks, and rewards in the formation of a distinct
entity under shared control. The complexities of such an arrangement are
magnified when the project embraces more than one jurisdiction.

In this special issue of the Comparative Law Yearbook of International
Business, practitioners who have specialized in domestic and cross border
joint venture formations report on their respective jurisdictions as well as
particular cross border issues. The volume provides national reports on
Brazil, Bulgaria, Chile, China, Cyprus, the Czech Republic, Greece, India,
Italy, Japan, Kuwait, Lebanon, The Philippines, Romania, Trinidad & Tobago,
Turkey, and Vietnam. European competition law relative to joint ventures,
taxation issues in The Netherlands, and governing law also are treated.