A Creative Shift in Joint Ventures Amidst Surging Restructurings and Green Energy Slowdown: H1 2024 in Review
Joint Venture Index®: H1 2024 IN REVIEW
James Bamford is a Senior Advisor at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.
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The governance of joint ventures matters. Today, many companies hold interests in numerous joint ventures – businesses or assets that offer great promise and introduce significant risks due to their shared ownership and decision-making structure.
Many JVs and partnerships are built on co-creating and jointly commercializing IP. Our analysis of IP provisions across 38 JVs and non-equity partnerships offers guidance for developing an IP governance approach.
The advantages JVs offer can come with challenges that make joint venture agreements more difficult to negotiate.
The dispute review board, an innovative technique developed by the construction industry to resolve disagreements, can also help keep joint ventures on track.
A neutral third party can be highly effective in resolving JV disputes – and can also fall flat.