Texas Business Courts Unleash Delaware Showdown
Texas’ Business Courts are a game-changer, intensifying competition with Delaware while HQs with a business-friendly approach.
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Austin, TX — On September 1, 2024, Texas launched its new Business Courts, a bold move to rival Delaware’s Chancery Court and cement the Lone Star State as the top spot for corporate HQs With 11 divisions statewide, these courts aim to streamline complex business disputes while drawing giants to the state’s business-friendly climate.
The Details:
Launch: Five operational divisions opened in Dallas, Houston, Austin, San Antonio, and Fort Worth, per Texas Courts data.
Jurisdiction: Handles disputes over $5M, including corporate governance and contracts, with jury trials unlike Delaware’s bench-only system.
Delaware Rivalry: Texas courts aim for predictability with written opinions, challenging Delaware’s 225-year Chancery legacy, which has drawn 300,000+ businesses.
Stock Exchange Bid: TXSE filed with the SEC in March 2025 to launch trading by 2026, while Nasdaq opened a Dallas HQ this month. Texas has the Northeast on its heels!
HQ Magnet: Governor Abbott touts Texas’ “best business courts” as companies like Tesla reincorporate here, fleeing Delaware’s rulings.
Why It Matters
Texas, tied with New York for second-most Fortune 500 HQs, is leveraging its new courts to outshine Delaware’s predictability and attract Wall Street. Now, Texas aims to be the “Headquarters of Headquarters,” per Governor Abbott, with the courts fueling economic growth.
Bottom Line:
Texas’ Business Courts are a game-changer, intensifying competition with Delaware while HQs with a business-first approach.