Joint Ventures in Russia
December 2011Mergers & Acquisitions
Market practice is a familiar argument raised during deal negotiations. It can set a framework for negotiations, particularly when no party has a strong commercial position on the issue. What is regarded as market practice in one country or region will not necessarily be market practice in another.
During the first half of 2011 we conducted a survey of certain of the English law joint ventures we advised on over the past four years (covering different periods in the CIS and global economy). The results show the negotiated positions in Russia on key issues such as structure, exit, management provisions, reserved matters, deadlocks and material breach and share transfer provisions.