Unincorporated joint venture


Also found in: Acronyms.

Unincorporated joint venture

A joint venture in which the legal means of dividing the project's equity is by shareholdings in a company.

Unincorporated Joint Venture

A joint venture where the parties do not form a corporation. That is, an unincorporated joint venture is either an ad hoc project or legally structured as a partnership.
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It was also decided to issue a notice to the unincorporated joint venture holding the Kochi franchise calling upon them to resolve all their disputes and form a joint venture company which will hold the IPL franchise rights," it added.
Similarly, the process whereby a merger is generally reviewed in advance should be extended to unincorporated joint ventures which are typically challenged only after they have been in operation for several years.
The North East precision engineering firm, which represents the UK arm of the Engineering Materials group within Esterline Technologies Corporation, will join forces with Efinor to form EDEL, an unincorporated joint venture aiming to seize opportunities to develop, supply and service liners and similar installations arising from forthcoming nuclear power plant build projects in the UK.
The relationship of Reservoir and Rio Tinto will initially be structured as an unincorporated joint venture.
In July 2010, Baobab entered into an unincorporated Joint Venture with Southern Iron.
The franchise has been put together as an unincorporated joint venture consortium (UJC), which means that it is only an agreement between the parties concerned.
This agreement combines the respective operations, owned and operated by the joint venture partners in the Kimberley area, into an unincorporated joint venture named the Kimberley Ekapa Mining Joint Venture (KEM JV).
Natural resources company Freeport-McMoRan (NYSE:FCX) revealed on Monday the launch of a definitive agreement to divest its 13% ownership interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co (SMM) for USD1.
In a disclosure to the Philippine Stock Exchange, RCBC said its board had approved the proposal for the bank to assume the rights and interest over the unfinished RCBC Savings Bank project from other partners in the unincorporated joint venture.
With a view to consolidating its strategic position in the Tete area, the Company approached North River with the objective of entering into an unincorporated Joint Venture relationship for the purpose of undertaking exploration activities at the Muande Project and, subject to exploration success, developing mining operations.
The project is an unincorporated joint venture between Diavik (60%) and Aber Diamonds Mines Ltd.