Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Professional Investment Holdings Limited, in the matter of Professional Investment Holdings Limited [2010] FCA 1193 Citation: Professional Investment Holdings Limited, in the matter of Professional Investment Holdings Limited [2010] FCA 1193
Parties: PROFESSIONAL INVESTMENT HOLDINGS LIMITED (ACN 074 949 429)
File number(s): NSD 1300 of 2010
Judge: JACOBSON J
Date of judgment: 22 October 2010
Catchwords: CORPORATIONS – scheme of arrangement – four separate schemes of arrangement – first Court hearing – proposed Schemes will result in reverse takeover – terms of Convertible Note Subscription Deed dependent on whether Scheme approved – whether Convertible Notes are a separate commercial arrangement – estimation of fair market value of shares and market value of consideration offered - whether independent expert's report amounts to sufficient disclosure of valuation
Legislation: Corporations Act 2001 (Cth) s 411
Cases cited: Re APN News & Media Limited (2007) 62 ACSR 400 followed Re NRMA Limited (2000) 33 ACSR 595 cited Seven Network Limited [2010] FCA 220 referred to
Date of hearing: 22 October 2010
Date of last submissions: 22 October 2010
Place: Sydney
Division: GENERAL DIVISION
Category: Catchwords
Number of paragraphs: 41
Counsel for the Plaintiff: Mr M Oakes SC
Solicitor for the Plaintiff: McCullough Robertson
IN THE FEDERAL COURT OF AUSTRALIA
NEW SOUTH WALES DISTRICT REGISTRY
GENERAL DIVISION NSD 1300 of 2010
IN THE MATTER OF PROFESSIONAL INVESTMENT HOLDINGS LIMITED (ACN 074 949 429) PROFESSIONAL INVESTMENT HOLDINGS LIMITED (ACN 074 949 429)
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