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...Both sides can then benefit if investors put a premium on companies incorporated there....
...Now investors are watching to see what OCI will do with its methanol business and a low-carbon ammonia project in Texas....
...Texas has recently sought to position itself as a rival to Delaware’s business-friendly reputation....
...But Tesla is five times bigger than all the Texas-incorporated Russell 3000 stocks put together: Could we have made these charts look better? Yes, we could. Can we be bothered? No, we can’t....
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...Jamail was a successful Texas lawyer starting in the 1950s who specialised mostly in personal injury disputes....
...But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...A spokeswoman for the PSF confirmed that some of its holdings were in MGETS, which she noted was not on Hegar’s blacklist. “Texas PSF Corporation is in full compliance with all state laws,” she said....
...The ruling came from a small court that oversees most large US public companies, thanks to so many of them being incorporated in the state....
...In 2021 it was incorporated into the Teesside freeport, the UK’s largest, receiving further tax break status in the aim of attracting investors....
...It’s super easy to scratch out New York governing law from a bond contract and write in Texas....
...The rivalry between ExxonMobil and Chevron has plumbed a new depth. On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...“Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly,” Skrmetti, a Republican, said in a statement....
...Katherine Clark, a Massachusetts Democrat, invited a woman from Texas who went into septic shock after her waters broke at 18 weeks of gestation and she could not access care, to attend Biden’s speech....
...The Texas Retirement System incorporated leverage within its individual asset allocations in 2019 to improve the “risk return profile” of the fund....
...As of this writing, a Texas judge is still considering the case, but the ramifications are clear: shareholder petitions at annual meetings have grown from an annoyance to a threat worthy of a court battle...
...Lawyers say both rules are likely to trigger imminent challenges from corporations and Republican states that will argue the rulemaking exceeds the federal government’s constitutional powers — and expect...
...If it happens, Tesla will be five times bigger than all the Texas-incorporated Russell 3000 stocks put together, FTAlphaville’s Bryce Elder adds.)...
...Penni Roll, chief financial officer of Ares Management’s credit group and Ares Capital Corporation, is stepping down and will remain on as a senior leader....
...Sujeet Indap Texas is a wild card. They’ve started a new corporate court....
...Part of the reason for the profit drop was last year’s banking turmoil — the Federal Deposit Insurance Corporation imposed a one-time charge on many US banks in order to pay for losses, which the FDIC’s...
...The company enlisted a legal team that includes David Woodcock, the former head of the SEC’s Texas office, and Noel Francisco, a former solicitor-general in the Donald Trump administration....
...While Chevron will shell out $53bn for Hess Corporation....
...If it were a country, Texas would boast the eighth-biggest economy in the world — ahead of Italy....
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