Solution
LS Law provided a team of legal and compliance secondees to support the international legal teams of the client and the JV new entity. This included identifying supply chain and other contracts, reviewing and renegotiating key agreements to ensure alignment with the new business needs. The work involved negotiation, drafting, and execution of novation deeds tailored to meet the requirements of each jurisdiction.
Key Actions:
- Interim Legal Contractors: Deployed to support the client and the JV international legal teams.
- Comprehensive Contract Review: Identified, reviewed, and renegotiated key contracts to align with new business needs.
- Novation Deeds: Drafted and negotiated novation deeds for each jurisdiction, ensuring compliance and alignment with third-party agreements.
- Provided additional support on related matters: including contract reviews and draft termination letters.
Results
All contracts were successfully transferred to the new JV entity, ahead of the completion date deadlines. The dedicated legal secondees ensured that the legal support was integrated and timely, meeting all target completion dates.
Quantified Benefits:
- Timely Completion: Successful transfer of contracts before the set deadlines.
- Legal Alignment: Ensured all contractual provisions were aligned with the new JV’s business needs.
- Seamless Transition: Facilitated a smooth and efficient product transfer process.
The Future
The client plans to continue leveraging LS Law’s expertise for future legal challenges, ensuring robust support for their international operations. This partnership will focus on proactive legal strategies and comprehensive support for complex transactions.
How did we make the client feel?
Feedback was received that our consultants were invaluable, and without their support, the completion deadlines just would not have been hit.