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Tracy Branding Pyle is a Managing Director at Ankura who specializes in helping organizations navigate complex transactions, and, in particular, joint venture-related transactions. She works with a wide array of U.S. and international companies across industries to help them structure, negotiate, approve, and launch joint ventures to set these ventures up for success. She additionally advises on governance of individual joint ventures and portfolios of joint ventures to help companies to minimize risk, increase efficiencies, and find value. Prior to joining Ankura, Tracy practiced law at Hogan Lovells, where she advised clients on joint ventures, public and private mergers and acquisitions, and corporate governance matters. Tracy is based in Washington, DC.
View Full ProfileJV Board Directors must balance their duty of loyalty to the JV with their status as an owner company employee. Legal agreements can be structured to minimize the zone of conflict.
The importance of injecting elasticity into exclusivity and non-competition clauses – and recommendations for doing so.
Minority partners in joint ventures can still negotiate substantial rights to have a say in business decisions.
Ankura Joint Venture Index®: Second Quarter 2021
Ankura Joint Venture Index®: First Quarter 2021
The aim of this note is to simply spell out why joint venture governance is so challenging compared to public company governance.
Times you should defy standard practice by deferring resolution on issues until after the announcement, signing, or closing.