Texas is one step closer to becoming the new Delaware.
It's been nearly a year since Texas launched its statewide
business courts, offering specialized judges for commercial
disputes. Now, with House Bill 40 set to pass, the state will
expand the system by lowering the threshold to $5M and adding
jurisdiction over IP, trade secrets, and arbitration
enforcement.
But with limited divisions and rising demand, strategic positioning
will be key if you want your case to receive the business court
treatment. Chris Kratovil explains what you need to know before HB
40 goes into effect on September 1.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.