Joint venture disputes—how to respond


Produced in partnership with John Gilbert of Bracewell LLP
Practice notes

Joint venture disputes—how to respond


Produced in partnership with John Gilbert of Bracewell LLP

Practice notes
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This Practice Note identifies the key practical considerations when faced with a potential Joint venture (JV) dispute. It is relevant to all forms of JV structure, with additional considerations where the JV relationship is established via a joint venture company (JVC).

It should be noted from the outset that embarking on a JV relationship in the first instance usually involves considerable planning and effort on the part of the JV parties who have decided to partner with one another for mutual gain (usually by sharing cost, resource and experience). When faced with a potential dispute your client will need to consider carefully exactly what it wants to achieve and whether its ultimate aim is for the JV to continue, so as to reap the benefits of all the invested time and cost in setting it up, or whether there are sufficiently good reasons for being prepared to see that investment lost if the JV is to disband or your client exit from it. You will need to consider the full implications of ending or exiting

John Gilbert
John Gilbert

Solicitor, Bracewell LLP

John Gilbert is co-chair of Bracewell’s international arbitration practice and is based in its London office. John resolves disputes across the energy sector through litigation, arbitration, expert determination and mediation. He advises on a broad range of disputes related to oil and gas exploration and production, the construction and operation of pipelines and the downstream sector. John has particular experience representing clients locked in disputes over gas sales agreements, including price reviews and on the operation of take-or-pay provisions. In addition, he advises on a broad range of disputes relating to power generation, both conventional and renewables.
 
John has also represented clients in issues concerning ESG, including matters concerning business and human rights, anti-bribery and money laundering obligations and on conducting investigations. For six years, John previously served as in-house counsel in the dispute resolution team of an oil and gas supermajor.
 
John is one of the authors of Joint Venture Disputes in the Energy and Natural Resource Sectors, published by Oxford University Press.

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Joint venture definition
What does Joint venture mean?

A joint venture is a commercial agreement in which the parties involved agree to form a new entity, sharing assets, equity and revenue. A joint venture can be for one specific project, period or a continuing business relationship.

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