Companies must compete globally today, and international joint ventures (IJV) or consortium agreements (project joint ventures, PJVs) are a complex and necessary part of this business. They aid companies in forming strategic alliances that allow them to gain access to a partner’ s essential local markets, resources, expertise and technology. They also bring substantial risk, including significant economic and compliance risk. This session will prepare in-house counsel to advise on the pros and cons of JVs and PJVs, including geographic, cultural, economic and compliance considerations, and review the basic elements of JV and consortium agreements with an eye to maximizing the value and mitigating the risks. Panelists will cite real-life examples to illustrate how to structure, negotiate and manage these types of agreements for international projects.