Senate Bill 29 means business for Texas

This episode of Texas Business Court Insider analyzes the transformative impact of Texas Senate Bill 29 on corporate litigation. This landmark legislation, signed into law on May 14, 2025, signals Texas’s ambition to become a premier venue for resolving complex business disputes. The bill draws heavily from common law doctrines, developed in Delaware and Texas, sending a clear message to executives and general counsel: Texas is open for sophisticated corporate matters.

Norton Rose Fulbright partners Rafe Schaefer and Kate Ergenbright explore how Senate Bill 29 codifies the business judgment rule for enhanced director protection, establishes safe harbors for conflicted transactions and strengthens protections against shareholder lawsuits, reducing litigation risk and enhancing predictability for businesses.