WBW has the expertise to advise on establishing a joint venture or other strategic alliance. In almost all joint ventures, the primary choice to be made is whether or not a separate legal entity will be established as a vehicle for the joint venture.

As far as English law is concerned, it is currently a question of forming a company under the Companies Acts or proceeding with an unincorporated structure such as a Partnership, Limited Liability Partnership or purely contractual co-operation agreement. Choosing the right joint venture vehicle depends on issues including sharing profits and losses, entitlement to assets and revenues, risk-sharing, management structure, accounting and tax.