Haynes Boone Partner Brad Foster spoke with KXAN, Austin’s NBC affiliate, about the growing impact of Texas’ new business courts, explaining how the courts are helping attract businesses to Texas and why he expects the courts to continue expanding. Foster is a member of the Haynes Boone Texas Business Courts Task Force, which is a group of interdisciplinary attorneys who help clients understand the significance of the new courts and navigate their rules.
Read an excerpt below.
Brad Foster said creating a specialized court in Texas for business disputes was necessary. In the past, Texas-based companies would sometimes have to leave the state for disputes if they were not incorporated here.
“You could have a dispute between two Dallas or Houston based people and they would be having to go to Delaware, hire Delaware lawyers and litigate their dispute — that really is only a Texas dispute — up there,” Foster explained.
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“Everyone benefits from having companies in Texas helping our economy thrive,” Foster said. “Part of that is bringing the legalities of the corporation here too.”
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Foster believes the courts will only get bigger with time as more businesses move to Texas and more disputes are brought to the court.
To read more from KXAN, click here.
