Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Trust Company (Nominees) Limited, in the matter of Angas Securities Limited v Angas Securities Limited [2015] FCA 772 Citation: Trust Company (Nominees) Limited, in the matter of Angas Securities Limited v Angas Securities Limited [2015] FCA 772
Parties: THE TRUST COMPANY (NOMINEES) LIMITED v ANGAS SECURITIES LIMITED
File number: NSD 469 of 2015
Judge: BEACH J
Date of publication of reasons: 28 July 2015
Date of pronouncement of orders: 24 and 27 July 2015
Catchwords: CORPORATIONS – fixed interest debentures – application for relief pursuant to ss 283HA and 283HB of the Corporations Act 2001 (Cth) – orders to protect interests of debenture holders – application by trustee for freezing orders – compliance by issuer with financial covenants – compromise – run-off proposal – orders convening meeting of debenture holders – approval of explanatory statement – amendment to trust deed – judicial advice to trustee PRACTICE AND PROCEDURE – non-publication and suppression orders – protection of debenture holders – protection of administration of justice – orders under s 37AG(1)(a) of the Federal Court of Australia Act 1976 (Cth)
Legislation: Corporations Act 2001 (Cth) ss 283AA, 283AB, 283AC(1)(f), 283DA, 283EC, 283HA, 283HB, Part 2L Federal Court of Australia Act 1976 (Cth) ss 17(4), 37AE, 37AF, 37AG(1)(a) Trustee Act 1925 (NSW) s 63
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