Article(s)
Joint Ventures in Construction: ‘Where Did it All Go Wrong?’
The concept of joining forces with another party to take on a construction project is not a new one. Whether it be a means of entering a previously unexplored region, harnessing specialist engineering capabilities, or simply a means of diluting risk exposure, a joint venture (or “JV”) can be a very effective vehicle, if used correctly.
Working extensively in the disputes field, our construction professionals at FTI Consulting have observed numerous disputes arising among JV partners over recent years. While these disputes have their own unique characteristics and features, many of them share common underlying issues.
The various forms of JV agreements and their inherent features and legal intricacies are not considered...
Contributed by: Chris Rudland - FTI Consulting
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