On November 14th, Professor G. Ray Warner spoke at the Enterprise Groups and Financial Difficulties Conference at Leiden University, the oldest university in the Netherlands. Professor Warner’s presentation, entitled “Texas Two-Stepping to Sidestep Liability,” explored the use of the Texas Divisional Merger provision coupled with a Chapter 11 filing to address mass tort liabilities. That technique received much publicity recently when Johnson & Johnson attempted to use it to address its talc liability.

The conference was held in the Academiegebouw, a 1516 converted monastery chapel adjacent to the Hortus botanicus Leiden, where the first tulips were planted in Europe.