• Here’s what happened: Texas’ new specialized business court is attracting significant interest from major job creators looking to incorporate and invest in operations locally.
• Remind me: The business court will have jurisdiction over three types of actions: corporate governance disputes with a minimum $5 million in controversy, certain contract or commercial transaction disputes with $10 million or more in controversy, and actions for equitable relief related to these items.
  • The true efficiencies will be achieved with active management of cases by these highly qualified judges, moving them through the early stages of litigation and to a resolution more quickly. 
  • All business court judges–appointed by the governor for two-year terms with Senate consent–must meet stringent qualifications outlined in HB 19. These include being a licensed Texas attorney with over ten years’ experience in complex civil business litigation or business transaction law, or having served as a judge with civil jurisdiction in the state.
• Why it matters: Legal and regulatory processes are the second biggest factor when companies are choosing where to relocate, according to a recent Kearney survey of over 500 business leaders. 

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