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A decade after the German and Indian partners of a joint venture fell out, no end is in sight. Where do matters stand, and what can be learned? Rebecca Abraham reports

Alibaba Group’s recent triumphant listing on the New York Stock Exchange may reflect renewed investor appetite for high-growth markets such as China and India. However, there is little disputing that the realities of doing business in these countries can temper enthusiasm.

One company that has seen its plans for India go askew is Enercon, a German wind turbine maker that prides itself on having installed more than 22,000 wind turbines in over 30 countries. A joint venture it set up in India in 1994 has resulted in the company being caught up in disputes in courts and tribunals across the country for most of the past decade.

“This is a unique case of a joint venture partner being completely locked out of the joint venture,” says Vivek Vashi, a Mumbai-based partner at Bharucha & Partners who has been acting for Enercon since 2008.

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