Dubai Chamber workshop focuses on provisions of setting up joint venture

The Dubai Chamber of Commerce and Industry’s Legal Services department in association with Hadef & Partners, organised, “Joint Ventures: All You Need to Protect Your Interests” workshop at the Chamber premises on Wednesday.

The workshop, which was attended by Dubai Chamber members, business representatives, lawyers and legal professionals, investors, and business owners and corporate counsels, dealt with the topics of understanding the main risks and issues in setting up joint ventures in the UAE, the corporate structure options and the main provisions of joint venture agreements.

Jehad Kazim, Director, Legal Services, Dubai Chamber, stated that entering into a joint venture is a significant undertaking which, if not correctly structured, can expose an investor to significant risk. With the proper professional advice, investors can minimise such risks and safeguard their investment, she said.

Ms. Kazim further added that Dubai Chamber’s aim behind organising such training workshops is to educate the entrepreneurs with the legal fundamentals of doing business while helping them to start with a clear mind about the requirements of their business and how to develop it on a strong legal foundation.

The workshop, which was conducted by Mr. Barton Hoggard, Partner, and Mr. Rajiv Nawbatt, Associate, Hadef & Partners, assessed the options for setting up joint ventures in the UAE. Besides discussing the purpose of certain ancillary documents, the workshop also examined the main provisions and protections in joint venture agreements.

Dubai Chamber regularly organises trainings, seminars and workshops to apprise the business community with the various trade legislations, laws and rights as part of its efforts to serve the business community which ultimately go on to boost their trade and contribute to the economic growth of Dubai.