Joint venture success

JOINT ventures between domestic companies in developing countries and foreign companies have become a popular means for both managements to satisfy their objectives. They offer, at least in principle, an opportunity for each partner to benefit significantly from the comparative advantages of the other. Local partners bring knowledge of the domestic market; familiarity with government bureaucracies and regulations; understanding of local labor markets; and, possibly, existing manufacturing facilities. Foreign partners can offer advanced process and …

…for section 45A(2). The authorisation process already provides a means of avoiding the per se prohibition. ·<Tab/>It is desirable that transactions between the corporate entities in a DLC be treated as internal transactions within a single economic entity for the purposes of the Act. It is also desirable that a DLC should be treated as a single entity in market power for other purposes under the Act.