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[Music] hello and thank you for joining my name is kohi hassan and today well be discussing about international joint ventures why do parties set up an international joint venture what are the common pitfalls encountered when operating an international joint venture how do we navigate the spitfires and when a dispute has risen between joint venture partners what are the key considerations the main benefit of having international joint venture is that it makes clear the role of the foreign investor and the local partner usually the foreign investor will bring funds uh and technical expertise to a project the local partner on the other hand will usually have permits licenses land stakeholder relationship and perhaps access to distribution networks in some jurisdictions there may also be regulatory constraints which limit the amount of foreign shareholding for instance in desh for certain telecommunication infrastructure projects theres a limit of 60 or foreign shareholding likewise in