Bracewell LLP

This Practice Note identifies the initial factors to consider when an irreconcilable conflict arises between parties to a joint venture established as a corporate joint venture (JVC), whether a 50-50 JVC or a majority-minority JVC. Such conflict may result in deadlock in the management of the JVC triggering prescribed deadlock resolution procedures set out in the joint venture agreement (JVA).

This Practice Note on joint venture disputes identifies the key considerations when faced with a potential joint venture (JV) dispute. It considers this from a practical perspective in respect of all forms of JV structure (contractual, partnership or corporate (JVC)) and includes specific considerations for JVCs as to issues of deadlock and relief under the Companies Act 2006.

This Practice Note provides an overview of the concept of knock-for-knock indemnities. Employed in the offshore oil and gas sector as industry standard, knock-for-knock indemnity regimes are a key tool in the management of risk allocation in offshore oil and gas projects and related maritime activities, as well as becoming increasingly common in other complex offshore projects, such as offshore wind projects. This Practice Note considers what is the fundamental nature of the regime, what are the key terms of a knock-for-knock clause, their benefits and when and where they are usually used. This Practice Note has been written in partnership with Robert Meade and Nicholas Neuberger of Bracewell (UK) LLP.

This Practice Note identifies the key factors you should consider when advising a client in relation to a joint venture dispute in the context of a majority-minority joint venture company.

This Practice Note considers the structure of upstream oil and gas projects, the types of contracts used in such projects, and the disputes that arise out of them, which are generally resolved by arbitration.