The 73rd and 74th Sessions of the Texas Legislature generated significant legislation reforming the Texas civil justice system. While this legislation will govern lawsuits involving business disputes as well as those cases involving physical injuries, these legislative changes are normally and most effectively encapsulated by the phrase “tort reform.”
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...