On September 1, 2024, a notable change occurred in the Texas legal landscape with the official launch of the new Texas Business Courts. Created through House Bill 19, which was signed into law on June 9, 2023, these 11 civil...more
The newly-adopted Texas Business Courts open in September 2024. These courts will bolster the Texas judicial system by adding an efficient court that specializes in large commercial business disputes. ...more
Chris Popov and Mike Heidler, partners at Vinson & Elkins, talk through a major opinion from the Texas Supreme Court, their role in the case, and what it means for investors in Texas companies....more
10/17/2023
/ Abuse of Discretion ,
Alter Ego ,
Appeals ,
Bankruptcy Court ,
Corporate Structures ,
Failure To Maintain ,
Investors ,
Motion to Dismiss ,
Multidistrict Litigation ,
Negligence ,
Portfolio Companies ,
Private Equity ,
Property Damage ,
Safe Harbors ,
TX Supreme Court
In its In re First Reserve decision, the Texas Supreme Court addressed categories of corporate conduct that investors can engage in without incurring direct tort liability for incidents that occur on the premises of a...more
On June 23, 2023, the Texas Supreme Court issued a decision embracing the rule that an investor can engage in customary investment practices without becoming liable for torts committed by a portfolio company....more
The North American Energy Standards Board (“NAESB”) Base Contract is the most commonly used form contract for physical purchases and sales of natural gas within the industry. It has existed in its current form since 2006;...more