Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Horizon Oil Limited, in the matter of Horizon Oil Limited [2014] FCA 733 Citation: Horizon Oil Limited, in the matter of Horizon Oil Limited [2014] FCA 733
Parties: HORIZON OIL LIMITED (ACN 009 799 455)
File number: NSD 479 of 2014
Judge: FARRELL J
Date of judgment: 8 July 2014
Catchwords: CORPORATIONS – schemes of arrangement – acquisition scheme – application pursuant to s 411(1) of the Corporations Act 2001 (Cth) to convene scheme meeting – holder of partly-paid shares not to participate in scheme – exclusivity provisions – reliance on fiduciary carve-out to "no talk" and "notification" requirements – exemption from Securities Act 1933 (US) registration requirements CORPORATIONS – scheme of arrangement – application pursuant to s 411(1) of the Corporations Act 2001 (Cth) to convene scheme meeting – contents of scheme booklet – sufficiency of summary if documents available on website CORPORATIONS – scheme of arrangement – desirable practice where notable events occur – if need to postpone scheme meeting – if need to provide updating information – appropriateness of seeking directions from Court under s 1319 of Corporations Act 2001 (Cth)
Legislation: Corporations Act 2001 (Cth) Securities Act 1933 (US)
Cases cited: Re Associated Advisory Practices Limited [2013] FCA 761 Re Associated Advisory Practices Limited (No 2) [2013] FCA 979
Date of hearing: 3 July 2014
Date of last submissions: 3 July 2014
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