The article published on Law360 discusses the upcoming September 1 opening of specialized business courts in Texas for complex business cases, making Texas one of over two dozen states with such a system. Litigation attorneys have long been awaiting the opening of these courts in Texas. Transactional attorneys, particularly those involved in commercial, securities and internal governance matters, should also consider these courts when facilitating transactions for their clients. The article outlines the types of cases that can be filed in these courts based on the nature and value of the dispute and the importance of venue selection clauses in contracts. It also explores the potential for parties to contract outside of the business court system and the unique rules regarding supplemental jurisdiction in the business court statute. Sample contract clause, addressing issues of business court jurisdiction and venue, is provided in the article as well
"What Transactional Attys Must Know About Texas Biz Courts," Law360, May 22, 2024
Dallas
