Joint Venture Exit Mechanisms Teleconference

You are invited to participate in a Transactions Group Teleconference Seminar hosted by Steptoe & Johnson LLP on April 27, 2005.

Join M&A and corporate attorneys as they discuss joint venture exit mechanisms.  The business people who put a deal together rarely want to spoil the euphoria of a new joint venture by having detailed negotiations of what will happen if the venture doesn't work out.   A carefully tailored exit mechanism and appropriate triggering events are, however, important components of the initial documentation of most joint ventures. 

Steptoe attorneys will review the types of mechanisms that are frequently used in joint venture agreements (which include Structured Negotiation, Russian Roulette, Texas/Mexican Shoot Out, Call, Arbitration, and Liquidation among others), and the advantages and disadvantages of each mechanism.  They will also discuss what events might appropriately trigger the exit procedures and, time permitting, special asset issues.

The one-hour teleconference will be led by Steptoe partner Caroline H.B. Gaudet.  The teleconference is toll-free, and there is no charge to participate. 

Date: Wednesday, April 27, 2005
Time: 1:00 p.m. Eastern Standard Time

For dial-in information and further details, please contact Chris Hummel or call 202.778.3576

Save the Date!

June 29, 2005:  Steptoe partner Greg Yates will discuss the impact of anticipated changes in the Bankruptcy Code on business bankruptcies.