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Legal Aspects of Joint Ventures in Eastern Europe (Paperback, Softcover reprint of the original 1st ed. 1981)
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Legal Aspects of Joint Ventures in Eastern Europe (Paperback, Softcover reprint of the original 1st ed. 1981)
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DENNIS CAMPBELL AND MARK MILLER Introduction Within the last
decade, there has been significant expansion in both the frequency
and quantity of direct foreign investment by Western countries and
multinational 1 corporations (MNC's) in the forni of joint ventures
in Eastern Europe. These joint ventures, as well as other forms of
mutual-cooperation trade arrangements, represent positive evidence
of the increasing enthusiasm towards East-West trans actions now
found on both sides of the European frontier. The spirit with which
Western governments and business interests have sought to expand
involvement in the East European market has been well documented.
However, there has been relatively little attention paid to the
extremely important internal changes which have come about within
the foreign-trade policies of the Eastern European coun tries and
which have served to accommodate the growth of trade with the West.
This dramatic increase in direct foreign investment in the form of
joint ventures results primarily from the passage of enabling
legislation in a number of the East European states, legislation
which has facilitated and attracted business invest ment from the
West. Thus, it is opportune to examine and review the policy
reforms and amendments which have been enacted in Eastern Europe
and the Western responses thereto. As a preliminary matter, the
term 'joint venture', as well as other mechanisms for foreign
investment as used here, should be defined and distinguished."
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