Joint venture support

Client circumstances

A leading utility group needed to ensure that a contentious board meeting of a joint venture vehicle complied with its governance obligations. The situation was complex as international investors were involved and a dispute arose over the operation of the shareholders’ agreement.

Our responsibilities & achievements

Each of the parties received conflicting legal advice so our role was to provide independent, practical guidance. We worked with the parent company secretary and general counsel on how they should effectively respond at forthcoming board meetings.

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