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16:33
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Originally posted by pomhat
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have been following this for a little while now and thought I'd add my 2c (can't help but watch horror stories unfold, and they serve as good lessons for my own investment strategies)relevant asset only is standard contracting in a JV arrangement. to add a twist, that this is the case whether or not the asset is an unincorporated JV (governed by a JV agreement) or an incorporated JV (governed by a shareholders agreement)..investment in the asset. in almost 20 years of working on such deals, I have never seen an example that would give Investor B any PE rights if a party decides to come along and purchase Company A. that agreement would need to have been made between Company B and the shareholders of Company A.
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Hi pomhat. If that was simply the easy way to do it and is well documented what wpl did, can you explain why the Cairn/Lukoil sale was not structured the same way?
(20min delay)