Texas, Oklahoma, and Nevada have recently enacted reforms aimed at tapping into the profitable realm of corporate litigation — a space long dominated by Delaware, thanks to its specialized business court and pro-corporate legal environment.
Worried that these new policies could draw companies away and cost the state millions in corporate franchise tax revenue, Delaware leaders have introduced their own legal updates to reinforce the state’s standing as the global hub for business incorporation.
In Texas, which launched a business court last year, lawmakers from both parties backed legislation that reduces shareholder influence and enhances legal protections for corporations against investor lawsuits. In Nevada, bipartisan lawmakers passed a business-friendly overhaul of corporate law and advanced a proposal to ask voters to amend the state constitution to create a specialized business court with appointed judges.
