Detail of webinar for “Creating an JV contracts in English”
This webinar session will be held on Friday, 24th June from 18:00 Japan-time. More details can be found below, including details for registering, and the dates/topics for future webinars.
If you are interested to join, please feel free to contact us.
About the webinar
| Date | Friday, 24th June PM 6:00 – 7:30 (JST) |
|---|---|
| Language | Japanese |
| Fee | Free of charge |
| Register | E-mail : info@kslaw.jp |
Topics
Creating an JV contracts in English
A JV agreement is concluded when two companies jointly invest in a new company. The purpose of establishing a joint venture company varies, but in most cases, the purpose is to develop a new business or a business that takes advantage of the strengths of the two companies by sharing some management resources (people, goods, information, intellectual property, and know-how) of the investor companies.
In concluding a JV agreement, it is necessary to consider a number of issues, such as how each of the companies that will be shareholders will manage and operate the joint venture company, what the conditions will be in the event that they leave as shareholders, and what the conditions will be in the event that the joint venture company is dissolved, since a new corporation will be established through joint investment. What conditions should be met in the event of withdrawal from the joint venture, dissolution of the joint venture, etc.
The investment ratio is a particularly important element of the JV agreement, as it determines which party will have future management rights. If both parties are establishing the new company on equal footing, it may be reasonable to set the capital contribution ratio at 50:50. However, if the 50:50 ratio is used, if one party opposes the decision, nothing can be decided, which is a so-called deadlock. Therefore, when a 50:50 investment ratio is established, it is normal to consider how to resolve the deadlock and stipulate it in the contract.
In this seminar, we will focus on what points need to be considered when drafting a JV agreement when one of the two companies is an overseas company.
We hope many people who are interested in this seminar and creating an English agreement will join this seminar.
If there is anything else Kuribayashi Sogo Law Office can support with at this time, please let us know. We look forward to welcoming you.