Sinclair Knight Merz Management Pty Limited, in the matter of Sinclair Knight Merz Management Pty Limited [2013] FCA 1211

FEDERAL COURT OF AUSTRALIA

Sinclair Knight Merz Management Pty Limited, in the matter of Sinclair Knight Merz Management Pty Limited [2013] FCA 1211 Citation: Sinclair Knight Merz Management Pty Limited, in the matter of Sinclair Knight Merz Management Pty Limited [2013] FCA 1211

Parties: SINCLAIR KNIGHT MERZ MANAGEMENT PTY LIMITED ACN 087 978 970 and SINCLAIR KNIGHT MERZ HOLDINGS LIMITED ACN 001 024 102

File number: NSD 2193 of 2013

Judge: FARRELL J

Date of judgment: 5 November 2013

Catchwords: CORPORATIONS – scheme of arrangement – content of explanatory statement – employee share plan – escrow account – warranty claims regime – whether interests are class creating – impact of contingent value right notes – where scheme consideration used to extinguish loans – former employees – exclusivity arrangements

Legislation: Corporations Act 2001 (Cth) ss 411(1), 1319 Corporations Regulations 2001 (Cth) rr 5.6.12, 5.6.13A, 5.6.13B, 5.6.14-5.6.36A Federal Court (Corporations) Rules 2000 (Cth) r 2.15

Cases cited: EBooks Corporation Limited; in the matter of EBooks Corporation Limited [2013] FCA 305 Investa Properties Limited, in the matter of Investa Properties Ltd [2007] FCA 1104 Re APN News & Media Ltd (2007) 62 ACSR 400 Re Cashcard Australia Ltd (2004) 48 ACSR 738 Re Foster's Group Limited (No. 2) [2011] VSC 547 Re WebCentral Group Ltd (No 2) (2006) 58 ACSR 742 RuleBurst Holdings Limited, in the matter of RuleBurst Holdings Limited [2008] FCA 1901 Ruleburst Holdings Ltd, in the matter of Ruleburst Holdings Limited (No 2) [2008] FCA 2010 Sinclair Knight Merz Pty Limited, in the matter of Sinclair Knight Merz Pty Limited [2012] FCA 1391 Sovereign Life Assurance Company v Dodd [1892] 2 QB 573