City infrastructure with teal colour overlay

Share Transfer

Share transfer arrangements are a common feature of Joint Ventures. Done well, they allow greater certainty between JV partners, are beneficial when looking to resolve deadlock or dispute situations, and can assist a JV partner to exit on agreed conditions.

This module examines the joint venture contract mechanisms relating to share transfer that those involved in delivering global mega infrastructure projects via JV should think about.

Mr Shenying Peng

General Counsel, Powerchina International Group Limited

A shareholder loan arrangement will be useful, especially for projects requiring local investors and minimum local shareholding interest

Key Considerations

  • Lock-in Periods
  • Right of First Refusal
  • Call Option/Put Option
  • Triggers
  • Conflict of Options
  • Valuation
  • Drag-along/Tag-along Right
  • Limitations on Drag-along Right
  • Limitations on Tag-along Right
Wei Liu

Wei Liu


Share transfers are one of the most common issues in Joint Ventures, but can often be overlooked

Meet the team

Show me all
Akshai Fofaria


Akshai leads the firm's global mining group and its African oil & gas team. He has extensive advisory experience in London and Paris on acquisitions & disposals, joint ventures, state contracts and commercial arrangements across the energy lifecycle.

Fofaria Akshai
Julia Maguire

Partner, Head of Client Relationships - Energy

Julia focusses on energy and infrastructure projects. She is a transactional construction specialist focussing primarily on energy projects both in the UK and overseas, advising clients on procurement and contracting strategy and implementation.

Maguire Julia
Christopher Neal

Senior Associate

Christopher works cross-sector, advising national, regional and international private and publically listed companies, on their corporate transactions and company law. He specialises in domestic and international mergers and acquisitions, joint ventures, company restructurings, and company route-to-market issues in the UAE and wider GCC.

Christopher Neal Sept_2019
Ewan Robertson


Qualified in Australia and the UK and with US and other international experience, Ewan's expertise covers national and cross border mergers and acquisitions and other corporate transactional matters including joint ventures and strategic partnerships as well as equity fundraisings and private equity, reorganisations and reconstructions and general commercial advisory work.

Robertson Ewan
Penny Simmons

Legal Director

Penny specialises in tax risk management and works closely with large corporates to help them manage their exposure to various tax risks.

Simmons Penny

Out-Law / Your daily need to know

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.