FaegreBD Corporate China Practice Wins Joint Venture of the Year Award from China Business Law Journal

January 27, 2014 // Franchising.com // Shanghai  - A deal led by Faegre Baker Daniels' corporate practice was named a "Joint Venture of the Year" by China Business Law Journal for 2013. The $237 million joint venture between FaegreBD client BesTV and Microsoft was recognized for receiving the first business license issued by the Shanghai Free Trade Zone.

FaegreBD represented BesTV New Media Co., Ltd. in its joint venture with Microsoft to become Home Entertainment Development. The company will engage in sales, distribution and marketing activities with respect to Microsoft's new generation of all-in-one gaming products.

"The establishment of the joint venture represents a possible lift on China's 13-year ban on foreign game console sales," said corporate partner Wendy Yan, who led the team. "This case also involves complex licensing and service arrangements between the parties in light of the current Chinese regulatory environment for the media and entertainment industry."

China Business Law Journal's independent editorial team selected winning deals, which were chosen based on a number of factors other than monetary value. The overall significance, complexity and innovative nature of the deals were also considered.

In addition to Yan, the team included associate Leo Tian, consultant James Zhang and partners Gary Weinstein and Brenda Robinson.

SOURCE Faegre Baker Daniels'

Media Contact:

Meg McCormick
+1 612 766 8127
meg.mccormick@FaegreBD.com

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

SiempreTax
SiempreTax+ is a low-investment tax franchise opportunity. SiempreTax+ specializes in tax return preparation for individuals and small businesses in...
Big Boy Restaurants
If you have ever dreamed of owning your very own piece of American history, then Big Boy® might just be the franchise for you. With over 75 years of...
Kiddie Academy
Educational Child Care Franchise. Kiddie Academy is one of the nation's most respected providers of quality educational child care.
Jersey Mike's Subs
Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide, believes that making a sub...
Lightbridge Academy
Lightbridge Academy has a way of making parents and children feel like they’re special. Here, they are surrounded by a Circle of Care that’s more...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.