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Structuring a Joint Venture

Since our publication of the Structuring a JV module in March 2020, the global covid-19 emergency and its fallout have presented a range of new challenges and considerations for large scale joint venture ("JV") projects in the infrastructure sector.

Adam Frith

General Counsel, Acciona Infrastructure Australia

The reality of all mega-infrastructure projects is that they are diverse and dynamic and faced with constant change.  It is critical therefore, that the JV structure adopted has the flexibility to deal with this

In in the context of an ongoing global pandemic, getting the structure of a major infrastructure JV right has never been more important.

JV Structuring Context

As markets face continued uncertainty over the impact of covid-19 , public and private investment in large-scale infrastructure continues to be a priority. Indeed, many governments are increasingly relying on large scale infrastructure projects to help offset against the adverse economic impacts of the pandemic.

While in many markets this presents an excellent opportunity, infrastructure JVs must now consider how ever-changing travel restrictions and health, safety and quarantine laws will affect their ability to deliver. This is especially the case for JVs involving international parties, where different rules and restrictions will apply, affecting projects and JV partners differently.

Having the flexibility to deal with this uncertainty within your JV is crucial. Without it, JVs may be exposed to significant losses, heightened dispute risk and even termination. However, properly structured, your JV should be well placed to benefit as significant opportunities come to market.

Perl Adam

Adam Perl


The commercial success of an infrastructure JV will be strongly influenced by how it is originally structured" 

Meet the team

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Glen Rosen

Senior Associate

Glen has a range of experience in litigation, arbitration and mediation within the construction and engineering industry.

Rosen Glen
Anne-Marie Friel


Anne-Marie focuses on the provision of transactional legal advice to clients within the infrastructure sector.

Friel Anne-Marie
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
Borja Martín Ariza


Borja has extensive local and international experience in M&A and projects focusing on energy, infrastructure, and real estate.

Martin Borja
Claire Barclay


Claire is a projects partner with 17 years experience advising governments, developers, sponsors, and development finance institutions on infrastructure projects, PPPs and concessions throughout Africa across all sectors, with a specific focus on transport, healthcare, water and sanitation, solid waste, education facilities, public buildings and ICT/telecommunications.

Barclay Claire July_2019
Catherine Workman

Partner, Head of Middle East

Catherine is a member of the firm's global Board, and specialises in advising public and private sector organisations around the world on PFI and PPP transactions. 

Workman Catherine_May 2020


The initial phase of recovery from Covid-19 will require the restructuring of distressed infrastructure projects and programmes. This will include dealing with claims and disputes as well as refinancing of infrastructure projects and recapitalisation of supply-chains.

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The effective development of new pipelines of infrastructure projects at a national level and the procurement of new infrastructure projects as a part of government stimulus planning will need careful structuring and capacity planning.

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Transforming productivity is essential for the effective and efficient delivery of infrastructure projects. The effective implementation of innovation and technology and the need to develop new skill sets and leadership as well as improved governance of infrastructure projects will be essential in transforming productivity.

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