The following Competition practice note provides comprehensive and up to date legal information covering:
A joint venture is a commercial arrangement whereby two or more independent companies combine or pool their resources, assets or business units in order to develop a business or achieve a specific task (normally for a finite period of time). The rationale underpinning joint venture activity is that more can be achieved through cooperation (for example, with a vertically positioned trading partner or a horizontally aligned competitor) than can be achieved alone.
There is no specific legal definition of a joint venture under EU law. Joint ventures can range from merger-like activity involving the creation of a jointly controlled company (complete with its own assets, infrastructure, management and customers) to cooperative activity of a non-structural nature. Activity may, at one extreme, entail loose and clearly benign forms of cooperation (ie limited to particular functions or activities such as research and development or purchasing) to very deep forms of cooperation at the other (ie where the parties coordinate with competitors in sensitive areas such as price and output—dangerously close in form to cartels).
The degree of structural change (or integration) and form and intensity of cooperation will have legal and procedural implications for how such joint activity is assessed under EU competition law (see EU merger rules—joint ventures). A fundamental issue in the analysis of joint ventures is to determine whether
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
The principle of transferred maliceIf a person has a malicious intent towards X and, in carrying out that intent, injures Y, he is guilty of an offence. So, if D shoots at A with intent to kill him but kills B by mistake it is murder; the mistake as to the identity of the victim is irrelevant as D
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.