Legal Opinion

Jason R. Searcy, as Trustee of the Exempt Assets Trust v. Parex Resources, Inc.

Texas Supreme Court

Decided June 17, 2016No. 14-0293PublishedCited by 179 opinions

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.…

2Cases cited20 opinions

  1. International Shoe Co. v. WashingtonSupreme Court of the United States · 1945
  2. Burger King Corp. v. RudzewiczSupreme Court of the United States · 1985
  3. World-Wide Volkswagen Corp. v. WoodsonSupreme Court of the United States · 1980
  4. Hanson v. DencklaSupreme Court of the United States · 1958
  5. Helicopteros Nacionales De Colombia, S. A. v. HallSupreme Court of the United States · 1984

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3Cited by179 opinions

  1. Old Republic Nat'l Title Ins. Co. v. BellTexas Supreme Court · 2018
  2. Cornerstone Healthcare Group Holding, Inc. v. Nautic Partners Vi, L.P., Reliant Splitter, L.P., and Kennedy Plaza Partners Vi, L.P.Texas Supreme Court · 2016
  3. Douglass v. Nippon Yusen KabushikiCourt of Appeals for the Fifth Circuit · 2022
  4. Bar Group, LLC v. Business Intelligence Advisors, Inc.District Court, S.D. Texas · 2017
  5. Ethridge v. Samsung SDICourt of Appeals for the Fifth Circuit · 2025

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