Insufficient oversight and inadequate controls “allowed £2m fraud at joint venture” – Local Government Lawyer

Posted September 25th, 2018 in compulsory purchase, fraud, joint ventures, local government, news by sally

‘Insufficient oversight by Barnet Council together with inadequate controls allowed a former member of staff to commit a £2m fraud at a joint venture, a report by auditors Grant Thornton has said.’

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Local Government Lawyer, 24th September 2018

Source: www.localgovernmentlawyer.co.uk

How to tell if your joint venture breaks competition law – OUT-LAW.com

Posted June 20th, 2018 in competition, joint ventures, news by sally

‘Joint ventures can vary enormously in terms of their scope and nature and be pro-competitive and justified, but as businesses increasingly look to collaborate to innovate, the agreements are coming in for greater scrutiny from competition authorities.’

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OUT-LAW.com, 18th June 2018

Source: www.out-law.com

Opportunistic Conduct and Good Faith – the line that joint venturers may not cross – Hardwicke Chambers

Posted June 19th, 2018 in agreements, contracts, joint ventures, news by sally

‘A genial sheikh and an overly optimistic hotelier enter a joint venture to develop a chain of luxury hotels and an online travel business. What could possibly go wrong? Other than a global financial meltdown, the Greek debt crisis, a volcano in Iceland, threats of physical violence, blackmail, accusations of swindling, furtive double-dealing, rampant opportunism and – it turns out – breach of a contractual duty of good faith.’

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Hardwicke Chambers, 16th May 2018

Source: www.hardwicke.co.uk

The Dow Chemical Co v Commission of the European Union – WLR Daily

Posted October 7th, 2013 in appeals, competition, EC law, joint ventures, law reports, subsidiary companies by sally

The Dow Chemical Co v Commission of the European Union (Case C-179/12P); [2013] WLR (D) 363

“For the purposes of establishing liability for participation in an infringement of article 101FEU of the FEU Treaty, where two parent companies each had a 50% shareholding in a joint venture company which had committed an infringement, and only in so far as the commission had demonstrated that both parent companies did in fact exercise decisive influence over the joint venture, those three entities could be considered to form a single economic unit and therefore form a single undertaking for the purposes of article 101FEU.”

WLR Daily, 26th September 2013

Source: www.iclr.co.uk

Board minutes of a public/private joint venture confidential and commercially sensitive – Panopticon

“Joint ventures between the public and private sectors are increasingly common. They are often a focus for vigorous political debate over issues such as the costs involved, the savings to the public purse, the profit to the private sector partner, and allegations of conflicts of interest. While those are political arguments on which Tribunals take no view, they do point to the significant public interests that are engaged when considering access to information. So said the Tribunal in David Orr v IC and Avon and Somerset Police Authority (EA/2012/0077), a recent decision notable for grappling with access to information about such a public/private joint venture.”

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Panopticon, 11th October 2012

Source: www.panopticonblog.com

Steinberg heirs in high court battle with bookmaker Stanleybet – The Guardian

Posted July 11th, 2011 in gambling, guarantees, joint ventures, news by sally

“The children of the late tycoon Lord Steinberg are fighting the rump of their father’s Stanley Leisure gambling empire in a multimillion-pound case at the high court in London.”

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The Guardian, 10th July 2011

Source: www.guardian.co.uk

Competition Commission casts doubt on broadcasters’ online shop- OUT-LAW.com

Posted December 4th, 2008 in competition, joint ventures, media, news by sally

“The Competition Commission has provisionally concluded that a proposed joint venture among the UK’s biggest broadcasters will restrict competition in the supply of video on-demand (VOD) services in the UK.”

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OUT-LAW.com, 3rd December 2008

Source: www.out-law.com

Competition Commission delays web TV investigation – OUT-LAW.com

Posted August 12th, 2008 in competition, joint ventures, news by sally

“The Competition Commission (CC) has extended the deadline for its investigation into a joint venture between the UK’s main broadcasters into next year. It has said that it will not be able to complete its inquiry by the initial date of 14 December.”

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OUT-LAW.com, 11th August 2008

Source: www.out-law.com

Kangaroo referred to Competition Commission – The Guardian

Posted June 30th, 2008 in competition, joint ventures, media, news by sally

“The Office of Fair Trading has today referred Kangaroo – the proposed video-on-demand joint venture between BBC Worldwide, ITV and Channel 4 – to the Competition Commission.”

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The Guardian, 30th June 2008

Source: www.guardian.co.uk