Obtaining an interim injunction on behalf of an oil and gas major to restrain its joint
venture party from drilling a well in the North Sea in breach of a Joint Operating Agreement.
Joint
venture parties tend to forget that when the honeymoon is over and disputes arise between them, either party may seek from the other disclosure of relevant communications they have exchanged with their own lawyers or other external advisors.
Acted (led by Graham Dunning QC) in a substantial LCIA Arbitration involving a dispute between
joint venture parties.
Acting (led by Graham Dunning QC) in a substantial LCIA Arbitration involving a dispute between joint
venture parties.
Acting (led by David Joseph QC) in an ad hoc arbitration under the Indian Arbitration and Conciliation Act 1996 involving a dispute between joint
venture parties.
LCIA Arbitration No. 2 — Junior Counsel in major arbitration concerning a shareholder dispute between joint venture parties
When a joint
venture party's obligation to make additional capital contributions will cease, which generally occurs when a party has paid out its entire commitment or an earlier trigger date
Usually mandatory additional capital contributions are made pro rata based on the joint
venture parties» percentage interests in the joint venture entity at the time of the contribution
Caps on the amounts of additional capital contributions are prudent to avoid a joint
venture party being responsible for unlimited mandatory capital contributions in the future; alternatively, the drafter can provide that additional capital contributions may be approved by a supermajority or unanimous vote of the board of managers / directors or the joint venture parties