As organisations seek to combine resources and share risks, there’s a clear need to agree and accurately document the rights and obligations of each joint venture participant, ensuring a clear understanding on all key matters for the duration of the venture.
Our corporate team has significant experience preparing and assisting with the successful negotiation of complex joint venture arrangements in Australia and around the world, across a broad range of sectors including projects, energy and natural resources, infrastructure, technology, media and telecommunications (TMT), financial services, consumer goods, healthcare and food and beverage.
Our approach to joint ventures is a holistic one, and begins with understanding our clients’ strategic and commercial objectives, including on key issues such as joint venture scope, funding and sponsor support, governance, management/control, and future value realisation or exit by any participant. We then work collaboratively with our clients to prepare for and support negotiations that effectively achieve those objectives.
Complex joint ventures often require a sophisticated series of inter-related agreements, and we are expert at ensuring that such agreements properly achieve their intended result.
Advised MACH Energy Australia Pty Ltd in relation to its recently announced agreement with JCD Australia Pty Ltd to establish the Mount Pleasant Joint Venture to develop and operate the Mount Pleasant coal mine Corrs also advised on the coal offtake agreement with JCD and the marketing activities to be undertaken by JCD and MACH respectively for the Mount Pleasant Joint Venture.
Advised Macquarie Capital on its acquisition from Investa Commercial Property Fund of a 50% stake in Investa Office Management Holdings Pty Limited, the manager of the A$11 billion Investa management platform, Investa Office Management Pty Limited, and the associated establishment of its joint venture arrangements with Investa.