The venue, appointment of arbitrator, and the applicable law are technicalities often overlooked, but potentially defeating. For diehard romantics, the courts wait with open arms. The parties then have to decide which legal system is to apply and which courts are to have jurisdiction, as well as whether any party can transfer or assign its interests and contact addresses or methods of communication to be used for notices. In a well-drafted joint venture contract, most problems will be minimised, if not eliminated completely. We hope you have been entertained and informed in the meantime.
Comments are welcome.
Margaret Neo is a partner of our firm and Celine Hwang is a former legal associate of our firm.