Full-function joint venture

A joint venture (www.practicallaw.com/A35536) which performs (on a lasting basis) all the functions of an autonomous economic entity (for example, because it has its own dedicated day-to-day management team, and access to resources such as finance, staff and assets).

For further information, see Practice note, EU competition law: joint ventures (www.practicallaw.com/9-107-3581).

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