Lead Contributor
Adam Perl
Partner
Structuring a Joint Venture
This module looks at the key issues involved in structuring a joint venture to deliver global mega infrastructure projects.
The commercial success of such joint ventures will be strongly influenced by how the JV is originally structured. Allowing flexibility to cope with the diverse and dynamic nature of large infrastructure projects is paramount, as is a good understanding of risk sharing.
As technology plays an increasingly important role in infrastructure projects, so joint ventures between construction contractors and technology companies will be more common. Getting the structure right for these will be crucially important for their success.
Adam Frith
General Counsel, Acciona Infrastructure Australia
The reality of all mega-infrastructure projects is that they are diverse and dynamic and faced with constant change. It is critical therefore, that the JV structure adopted has the flexibility to deal with this
Key Considerations
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JV or not JV – know the options
- Decide on JV legal status – to incorporate or not
- Know the bidding phase JV issues
- Understand differences between integrated or non-integrated JV
- Joint and several liability issues
- Decide the JV decision-making powers
- Think about organisational structure, resources and operating systems
Adam Perl
Partner
The commercial success of an infrastructure JV will be strongly influenced by how it is originally structured"
Meet the team
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Glen Rosen
Senior Associate (Lawyer Qualified in Australia (NSW))
Glen has a range of experience in litigation, arbitration and mediation within the construction and engineering industry.
Anne-Marie Friel
Partner
Anne-Marie focuses on the provision of transactional legal advice to clients within the infrastructure sector.
Christopher Neal
Senior Associate
Christopher works cross-sector, advising national, regional and international private and publically listed companies, on their corporate transactions and company law. He specialises in domestic and international mergers and acquisitions, joint ventures, company restructurings, and company route-to-market issues in the UAE and wider GCC.
Borja Martín Ariza
Partner
Borja is in the Madrid Corporate team, and has extensive local and international experience in M&A, private equity, as well as in general company law and governance matters on a variety of industries and sectors such as renewable energy, infrastructure, and Advanced Manufacturing ＆ Technology.
Claire Barclay
Partner
Claire is a projects partner with 17 years experience advising governments, developers, sponsors, and development finance institutions on infrastructure projects, PPPs and concessions throughout Africa across all sectors, with a specific focus on transport, healthcare, water and sanitation, solid waste, education facilities, public buildings and ICT/telecommunications.
Catherine Workman
Partner, Head of Middle East
Catherine is a member of the firm's global Board, and specialises in advising public and private sector organisations around the world on PFI and PPP transactions.
