Joined-up thinking: The minority report

In the second of three articles on corporate real estate joint ventures, Paul Chases takes a look at minority JV rights

Very often, the balance of power in a joint venture (JV) is dictated by the economic interest the parties have in it. Under a 50:50 JV, economic exposure, financial reward and control are shared equally (as there is no minority party). However, once the economic scales are tipped (such that one party owns a greater economic portion of the JV than the other), then often so too is the balance of power, in favour of