Texas recently amended its Business Organizations Code in a bid to become the preferred jurisdiction for business in response to a growing “DExit” movement, which started in 2024 when the head judge of the Delaware Chancery Court nixed a $56 billion compensation deal for Tesla‘s Elon Musk.
Oklahoma will launch specialized Business Courts on January 1, 2026, a move designed to streamline complex commercial litigation and make the state more attractive for corporate investment.
GableGotwals Shareholder Adam Doverspike was appointed to the Task Force for the Study of Business Courts, which was created by Senate Bill 473 to study, evaluate, and provide recommendations regarding the potential creation of business courts in Oklahoma.
Texas recently passed legislation creating a Business Court system to hear certain disputes between or among businesses and their owners or controlling persons and management regarding breach of contract, breach of fiduciary duty, corporate governance, and the like.
Due to the large volume of disputes, more and more states are establishing separate business courts.
