8min chapter

Know More. Risk Better. cover image

The Texas Two-Step: Corporate Strategy or Legal Loophole?

Know More. Risk Better.

CHAPTER

The Texas Two Step Strategy in Liability Management Transactions

Exploring the use of the 'Texas Two Step' strategy in corporate bankruptcies, focusing on the legal dynamics in Texas that allow companies to separate liabilities efficiently. The chapter also discusses the potential impacts of a Supreme Court ruling on third party releases in bankruptcy cases.

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