Home -> Law Blog Directory -> International Law Blogs -> China Law Blog

International Law

: China Law Blog

China Joint Ventures. Find Me A Good One....

By Dan Harris and Steve Dickinson

Excellent article by Tina Wang up on Forbes.com. The article is entitled "KKR's Concrete Lessons In China" and it is subtitled, "A KKR-led group bought into a Chinese tycoon's cement business. Over a year later, who's in charge?" It is on a KKR cement industry joint venture in China and like so many stories on joint ventures (not just in China but just about everywhere), it reads like a bad spy/war novel. It reminds me a bit of a chapter (or two) from Jack Perkowski's book, Managing the Dragon, where Jack very graphically writes about one of his China joint ventures gone bad. Jack's story is so incredible, that if my firm had not represented parties in similar situations (right down to the unbelievable parts), I would never have believed it. Let's just say one of my favorite joint venture stories involved a client who after being hung head first outside a high floor window in Russia he decided he would gladly relinquish his controlling interest after all. For additional reading on the perils of joint ventures in China, check out the following: "Chinese Joint Ventures -- The Information The Chinese Government Does Not Want You To Know " "WFOE v. JV" "China's Joint Venture Jeopardy" (this post is on an article I wrote for the Wall Street Journal on the same subject. "China -- Damn The Joint Venture" "Beware The China Joint Venture" "Beware The China Joint Venture, But Do Not Ignore It Completely" "China SMEs: Own If You Want To Own."

Full post as published by China Law Blog on July 16, 2009 (boomark / email).