Cross-border joint venture shareholders’ agreement-deadlock (50:50)
Cross-border joint venture shareholders’ agreement-deadlock (50:50)

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • Cross-border joint venture shareholders’ agreement-deadlock (50:50)
  • Parties
  • BACKGROUND
  • Schedule 1Reserved Matters
  • Schedule 2 [Data protection
  • Schedule 3Deed of adherence
  • PARTIES
  • Recitals:
  • The Parties Agree:
  • The ScheduleTHE SCHEDULE
  • more

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Notes: Brexit—impact on corporate joint ventures and Brexit—drafting boilerplate clauses.

This Agreement is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [Insert name of first shareholder] incorporated in [insert the country of incorporation of the first shareholder] under number [insert company number] whose registered office is at [insert address] ([A]), and

  1. 2

    [Insert name of second shareholder] incorporated in [insert the country of incorporation of the second shareholder] under number [insert company number] whose registered office is at [insert address] ([B]).

  1. 3

    [Insert name of the joint venture company], a company incorporated under the laws of [insert the country of incorporation of the joint venture company] under number [insert company number] whose registered office is at [insert registered office address of the joint venture company] (the Company),

BACKGROUND

  1. (A)

    At the date of this Agreement, the Company has in issue ordinary shares of [insert currency and nominal value of shares] each, of which one ordinary share has been issued fully paid and is registered in the name of[ A] and one ordinary share has been issued fully paid and is registered in the name of [B].

  2. (B)

    The