Russian roulette

Resource type: Glossary item

Status: Maintained

Jurisdiction: United Kingdom

A mechanism that can be used to terminate a joint venture (www.practicallaw.com/A35536). Typically, it provides that a shareholder (A) of the joint venture company may serve notice on the other shareholder (B) offering to transfer all A’s shares in the company to B at a price specified by A. B must accept A’s offer and buy A’s shares at the stated price or must sell all his shares to A at the same price per share.

See Standard clause, Russian roulette: joint venture agreement (www.practicallaw.com/8-203-6625).

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  • Resource ID: 3-107-7186
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
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