As an update to Vinson & Elkins’ prior coverage of House Bill 40 (“H.B. 40”)—new legislation that expands the jurisdiction and operations of the recently opened Texas business courts—both houses of the Texas Legislature...more
6/9/2025
/ Business Court ,
Business Litigation ,
Commercial Litigation ,
Contract Disputes ,
Corporate Governance ,
Dispute Resolution ,
Governor Abbott ,
Judges ,
Jurisdiction ,
New Legislation ,
Texas
On May 14, 2025, Texas Governor Greg Abbott signed into law Senate Bill 29 (“SB 29”), which significantly reforms the Texas Business Organizations Code (“TBOC”). With these reforms, Texas aims to create a legal environment...more
On May 13, 2025, the Texas House of Representatives — by a vote of 99–40 — passed House Bill 40 (“H.B. 40”), which would enact significant changes to the recently adopted business court system in Texas. Those changes include...more
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