Discusses the legal requirements/options for joint venture/licensing in this market.
Last Published: 8/6/2019

There are no special laws that apply to joint ventures.  Selection of a suitable joint venture partner, however, is very important and great care should be taken to screen potential partners.  After entering into a local partnership, it may be difficult to dissolve the relationship without the consent of the local partner.  All terms of a joint venture agreement should be clearly articulated and include provisions for dispute resolution.  Joint ventures with the government exist; the government commonly holds a majority share based on a contribution of real estate, while the foreign joint venture partner, with a minority share, brings cash or equipment to the deal.  The government’s ownership percentage in such joint ventures varies widely.
 

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