There are many indications that the twentieth century will be the ‘Asian century', with several countries there approaching rapid and sustained economic development, fuelled by neighbouring investor countries. This book provides the ultimate manual for investors interested in setting up a joint venture in the Far East, and presents the legal nuts and bolts of that process with respect to Japan, South Korea, Taiwan, China, Indonesia, the Philippines and Thailand. A final item argues persuasively for alternatives to traditional dispute resolution methods, and will greatly assist drafting of such contracts. Matters addressed systematically are: the selection of a J.V. vehicle, control of a J.V. company, tax incentives, acquisition of real property, government authorizations, legal procedures for termination, and legal status of dispute resolution methods. This book presents the work of the IBA's Committee on Business Organizations, convened in Hong Kong in 1991. The considerable experience brought to bear on this subject by leading international legal practitioners renders this work an invaluable tool for the investor in the 1990s and beyond.