Grupo Julia sold its 50% interest in Mr. Sightseeing LLC, a Washington DC based company to its local partner. The two groups formed a joint venture company to provide sightseeing and other tour services in the DC area. The termination of the joint venture was mutually agreed by the parties and was triggered through the activation of a “shot gun” provision in the operating agreement of the company. The transaction closed in March of 2017. RC Law acted for the seller. Adverse counsel was Saretsky, Katz & Dranoff LLP, of New York.
