Author : M Sornarajah
Associate Professor Sornarajah discusses in Law of International Joint Ventures the growing importance of joint ventures in international business. He explains how the law has evolved in the Anglo-American context and how that development has now been translated into the international sphere of business.
The structure of the international joint venture agreement and its clauses are studied. From this, the author moves into a discussion of how joint ventures are set up in socialist legal systems using the People’s Republic of China as the basis of discussion. The impact that international joint ventures have had in ASEAN states and on the legal concepts of extraterritoriality and arbitration are considered, as are the reasons and benefits of joint ventures with state entities.
The author gives in his last chapter, tips on how the joint venture agreement can be adapted to ensure the best protection for the investment made in the venture.