Jason R. Searcy, as Trustee of the Exempt Assets Trust v. Parex Resources, Inc.
Texas Supreme Court
1Opinion of the CourtJustice Willett
in which CHIEF JUSTICE HECHT, JUSTICE GREEN, JUSTICE JOHNSON, JUSTICE ■ LEHRMANN, and JUSTICE DEVINE joined.
This complicated jurisdiction case involves multiple corporations, countries, and continents.
Here is the SparkNotes summary. A Bermudian entity was the sole shareholder of Class A shares of another Bermudian entity that owns certain Colombian oil and gas operations. The Bermudian shareholder sought to sell these shares and entered into a share purchase agreement, negotiated in Texas, with a Texan entity. The deal fell through, and so the Bermudian shareholder searched for other buyers.…
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