Joint venture partnerships (JVP) have evolved over the years and
while these have been successful in a majority of instances in
India, many instances of adverse outcomes present a cautionary
tale. In this context, integrity due diligence (IDD) has emerged as
a powerful tool to unearth additional information and risks that
can have a material bearing on the decision to proceed with the JV.
Consequently, this has gained increasing importance for companies
– especially international investors and corporates operating
in a multi-jurisdictional context – keen on establishing
partnerships with individuals and companies of high repute and
rectitude.
While it is routine for JV partners to undertake a rigorous
diligence of the other party, the core focus of such diligence
centres around operational, financial, governance and compliance
aspects to ensure that they are in line with applicable laws and
standards of territories in which it operates. IDD, often
undertaken
