Law360, New York (June 18, 2013, 12:04 PM EDT) -- Expansion into new and emerging markets is a continuing trend for companies across many industry sectors. In a number of jurisdictions, local law restricts foreign companies from establishing wholly owned subsidiaries — this is particularly true in regulated industries such as mining, banking, pharmaceuticals or telecommunications. Establishing a joint venture (JV) with a local partner is therefore a common form of entry into the market. Even if local law allows for free entry into the market, JVs can still be an attractive strategic or economic option in terms of drawing upon local expertise, skills and contacts and sharing risks, costs and resources....