Baker Botts has substantial experience counseling joint ventures and investors in joint ventures. Our Joint Venture lawyers work closely with consortium members or venturers and their in-house counsel, or with an individual investor in the project, to identify their business, tax, financing, governance and other objectives; to evaluate these objectives; and to develop appropriate structures and approaches. Thereafter, we often stay involved during the implementation phase, as client or venture needs require.
The significant capital costs and high commercial risks associated with the energy industry frequently create the need for complicated and innovative joint venture structures to achieve economies of scale, to allocate risks to the investor with the necessary expertise to best bear those risks and to access market opportunities sufficient to support sizable capital investments, including joint ventures involving oil and gas exploration and development, pipeline and LNG projects. As such, we have structured, negotiated and documented many multi-billion dollar joint venture arrangements in many sectors of the energy industry. Our lawyers also have extensive experience in the petrochemicals and petroleum products sector, where industry participants frequently act through joint ventures.
In addition to the energy sector, we have deep joint venture experience spanning other industries, including telecommunications (cable, telephony, satellite services and the Internet), pharmaceuticals and healthcare, entertainment and sports, real estate, information technology, computer technology, software development, advertising, transportation and mining.
Triple Helix Corporate Venturing Conference, Half Moon Bay, California