Projects Ventured, Risks Gained: Joint Venture Risks and How to Mitigate Them

From an anti-corruption perspective, overseas joint venture (JV) investments can be a significant and often understated source of risk. While they can enable companies to enter new markets or pursue together those opportunities they cannot tackle alone, they give rise to shared risks and, in some cases, full liability for companies that fail to recognize and mitigate the dangers of high-risk jurisdictions. The risks are heightened when companies enter into JV arrangements with more limited knowledge of their partners. The first article in this two-part series explored how liability can arise from JV arrangements under the FCPA. This second part describes best practices for mitigating JV-related corruption risks. See “Lessons From Airbus on Third-Party Corruption Risk Mitigation” (May 25, 2022).

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