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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References in periodicals archive ?
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.
could enter into an unincorporated joint venture known as gyomu teikei (or business tie-up), a common practice among Japanese companies.
Gen Mining will acquire a 51 % interest in the Marathon project and form an unincorporated joint venture with Stillwater Canada Inc.
The Chicharron Project was previously held through an unincorporated joint venture arrangement between Industrias Argentum SAS, a Colombian company, and a Colombian branch office of a subsidiary of Gran Colombia Gold Corp.
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. Upon notice of Rio Tinto's intent to earn the stage 2 interest, the parties will form an incorporated joint venture and enter into a more detailed joint-venture agreement.
- 60-percent interest owned by the company in the Boracay Gateway project, the unincorporated joint venture between the company and Akean Resorts Corp.
"The result of the meeting was a remote chance that 21 years from now the BIR would get back and rule that the transaction was an 'unincorporated joint venture', and we both would be subject to higher taxes and penalties-though remote," said Panlilio.
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.
Sumitomo Corporation will participate in the Worsley Alumina Unincorporated Joint Venture (Worsley Alumina JV), an integrated project for bauxite mining and alumina refining in Australia, through Press Metal Bintulu Sdn.
On closing of the transaction, Iamgold and Sumitomo will form an unincorporated joint venture with respect to the CA'tA(c) Gold Project, and will enter into a definitive joint venture agreement.