Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Advising definition

What does Advising mean? Advising, in financial services practice, means giving a client (or their agent) a recommendation on the merits of buying, selling, subscribing for, underwriting or exercising rights in a specific investment. In the UK (England & Wales, Scotland and Northern Ireland), this is the regulated activity of advising on investments under article 53 of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. It captures advice given to a person as an investor or potential investor, or as agent for one, about a particular investment. Firms must be authorised or exempt, and the activity engages...

Majority–minority corporate JV disputes in the UK: practical guidance on deadlock, notice and quorum issues, buy-out mechanisms, directors’ duties, derivative and unfair prejudice claims, ADR and exits

Published by a LexisNexis Dispute Resolution expert

Practice notes

This Practice Note outlines the principal points to weigh up when you are advising a client after an issue or the prospect of a dispute has emerged in the running of a joint venture. Here, the joint venture (JV) has been set up through a private limited company, namely the joint venture company (jvc). It should be considered alongside Practice Note: Corporate joint venture dispute—dealing with deadlock: initial considerations. For broader direction on handling a threatened dispute in the JV arena, also refer to Practice Note: Joint venture disputes—how to respond.

Joint venture company disputes—initial considerations

Whichever form is chosen to create the JV relationship, the joint venture agreement (jva) sits at the heart of that relationship, defining each party’s duties to the other and providing obligations they may enforce against one another. Plainly, the JVA is a contract between the parties and, accordingly, construing its terms calls for application of the orthodox principles of contractual interpretation. For assistance, see: Contract interpretation—overview...

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John Gilbert

John Gilbert is co-chair of Bracewell’s international arbitration practice and is based in its London office. John resolves disputes across the energy sector through litigation, arbitration, expert determination and mediation. He advises on a broad range of disputes related to oil and gas exploration and production, the construction and operation of pipelines and the downstream sector. John has particular experience representing clients locked in disputes over gas sales agreements, including price reviews and on the operation of take-or-pay provisions. In addition, he advises on a broad range of disputes relating to power generation, both conventional and renewables. John has also represented clients in issues concerning ESG, including matters concerning business and human rights, anti-bribery and money laundering obligations and on conducting investigations. For six years, John previously served as in-house counsel in the dispute resolution team of an oil and gas...

Web page updated on 21/05/2026

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