- Here’s what happened: Elon Musk, the business magnate behind SpaceX and Tesla, is considering moving Tesla’s legal incorporation from Delaware to Texas.
- Musk’s decision comes after a Delaware judge nullified his $55 billion compensation package.
- What’s new in Texas: This September, Texas’ specialized business court–a critical economic development tool that will increase efficiency and expertise in complex commercial litigation—comes online in the major metropolitan areas of the state.
- Highly qualified expert judges serving on this court will ensure these complicated and nuanced business cases are handled fairly, consistently and expediently. Read more in the TLR Advocate
- Gov. Abbott weighing in after 87% of respondents voted in favor of Tesla moving its corporation to Texas.
- Highly qualified expert judges serving on this court will ensure these complicated and nuanced business cases are handled fairly, consistently and expediently. Read more in the TLR Advocate
- TLR Thoughts: Texas’ new specialized business court will streamline the resolution of complex business disputes, building a comprehensive body of case law and giving Texas companies a home-grown venue to litigate their disputes… instead of having to go to Delaware or use closed-door arbitration.
Read the full article here.
