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    Joint ventures

    We have extensive experience of advising in relation to all types of joint ventures, including corporate joint ventures, partnerships, contractual joint ventures, collaboration and co-operation agreements and strategic alliances. We advise across a wide range of industries, such as natural resources, technology, health, telecommunications and broadcasting, film and entertainment, travel and tourism, shipping, food and restaurants. Clients receive smart and pragmatic advice from multidisciplinary lawyers with broad transactional experience across joint ventures and foreign direct investment, capital markets, M&A, competition law, intellectual property licensing, employment law and management incentive schemes.

    We aim to understand the business drivers and objectives underlying a proposed joint venture, working with other professional advisers to set up joint venture structures that meet clients’ legal, operational, accounting, financing and tax needs. We provide an insightful and highly personalised service to clients, advising on all aspects of joint ventures including initial contributions and on-going funding requirements, board composition and management arrangements, profit extraction, restrictive covenants, minority protections, deadlock resolution (for 50-50 joint ventures), lock-ups, pre-emption rights, tag along and drag along, duration and termination, employee issues and regulatory requirements (including PRC merger clearance if applicable).

    We negotiate and draft all joint venture documentation, from preliminary terms sheets, confidentiality and exclusivity agreements, to subscription agreements, constitutional documents, shareholders agreements (for corporate joint ventures), partnership agreements (for partnerships), as well as ancillary documents that may be required, such as employment contracts, asset transfers, intellectual property licences, and marketing, distribution, licensing and supply agreements.

     

    When considering establishing joint ventures the joint venture parties must carefully consider the appropriate structure and vehicle for the joint venture. Where a corporate entity is to be used with operations in Hong Kong, the joint venture parties may consider incorporating the parent entity in Hong Kong, incorporating a Hong Kong subsidiary with an off-shore parent entity or otherwise establish an off-shore entity and establish a branch in Hong Kong.

    If the joint venture is to establish, either as the parent company or as a subsidiary, in Hong Kong, if the entity is not established primarily for the raising of equity, it will often be incorporated as a private company limited by shares (cf. public limited company) due to the reason that private companies have less onerous disclosure obligations than public companies.

    Under the Hong Kong Companies Ordinance, a private company in Hong Kong, is defined as a company which by its articles of association:

    (i) restrict the shareholder’s right to transfer shares;

    (ii) limit the number of its shareholders to 50 (which does not take into account (a) those persons who are in the employ of the company and (b) those persons who were formerly in the employ of the company and who were members of the company while they were employed); and

    (iii) prohibit the making of any invitation to the public to subscribe for any shares or debenture of the company.

    In addition, a private company must not be a company limited by guarantee.

    The incorporation process typically takes one week from filing of appropriate documentation which must include details including the articles of association, share capital, company name, directors and company secretary and registered office.

    Alternatively if the joint venture is to incorporate as an off-shore entity which has a place of business in Hong Kong, they may prefer to establish a branch office. A place of business will normally exist if premises are occupied in Hong Kong on a relatively permanent basis from which officers or employees carry on business for the non-Hong Kong company.  A non-Hong Kong company which appoints an agent in Hong Kong but has no office or other place of business of its own in Hong Kong will not generally be deemed to have an established place of business in Hong Kong. Any non-Hong Kong company with an established place of business in Hong Kong must be registered as a “non-Hong Kong company” under the Companies Ordinance. Registration involves delivering certain documentation and forms to the Hong Kong Registrar of Companies within one month of the establishment of the place of business in Hong Kong.

    2012特码生肖猜:Joint ventures

    Foreign direct investment

    Joint venture documentation

    Hong Kong joint ventures

    Hong Kong foreign direct investment FDI

    Hong Kong joint venture documentation

    Preliminary terms sheets

    Confidentiality and exclusivity agreements

    Shareholders agreements

    Partnership agreements

    Hong Kong capital markets
    Hong Kong M&A
    Management incentive schemes
    Joint venture contracts
    Joint venture partnerships

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  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 赵哲春季写真大公开 百变风格切换自如 2019-04-07
  • “无中生有”也能助力文旅 2019-04-07
  • 坚守一条红线 维护生态安全(在习近平新时代中国特色社会主义思想指引下——新时代新作为新篇章) 2019-04-07
  • 中国石油呼和浩特石化公司获第十二届人民企业社会责任奖年度环保奖 2019-04-07