Andy Garelick Quoted in Bloomberg Law on Reincorporation Trends Amid Texas Political Changes 

Munger, Tolles & Olson Partner Andy Garelick was quoted in Bloomberg Law’s article, titled “Texas Political Earthquake Shakes Up Corporate Law, DExit Debate.” The article examines how changes in Texas’ political landscape could affect its efforts to attract companies considering reincorporating from Delaware. 

Texas has promoted itself as a stable alternative to Delaware for incorporation. The article explores how Democratic gains in the governor’s race, legislature and appellate courts have raised questions about future judicial appointments and the direction of the state’s corporate law. 

Andy emphasized the importance that Board’s take a long-term view, noting that companies headquartered in Texas may still benefit from efficiencies and incentives associated with reincorporating there. “One election cycle in and of itself shouldn’t drive that decision,” he said. 

Read the Bloomberg Law article. (Subscription may be required)