The new Texas business court system may attract even more companies to incorporate in the state. Haynes Boone Partner David Harper is part of the firm’s Texas Business Court Task Force and spoke to WFAA on the Y’all-itics podcast about the appeal of the new court. Listen to their conversation below:
Read an excerpt of the conversation below:
“Just like your podcast, Y'all Street is a big deal, right? And here, the Governor, the Legislature, they're all thinking one of the key components to get all that business here into Texas is to make sure that we have that kind of court system like Delaware has, hopefully, to try to get more even more business to locate here,” Harper said on Y’all-itics.
“Texas wants to not just have companies incorporate here, but locate here," Harper said. "And part of that is having the courts that go along with that like Delaware, so that you get that business into Texas."
And that’s why Harper says you should care if you don’t own a business or you’re not an attorney.
The business court is one more tool in our bag of tricks to attract more business. In fact, Harper says Texas is behind 30 other states for not having a business court already.
Businesses want the court because it will help resolve complex legal issues, and likely speed up some of their cases that can involve large sums of money.
“And these big cases take a lot of time, a lot of attention and some expertise. And it's hard for them to get the kind of attention. And so then, these big companies, if they've got $100 million dispute, they say well, wait, I'm going to get, I'm going to be in line with like 100 car wrecks and get that kind of attention? That’s not what they want, right. And this is too big of a matter to kind of put in that situation,” Harper explained.
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