Federal Court of Australia
Federal Court of Australia
OneVue Holdings Limited, in the matter of OneVue Holdings Limited (No 2) [2020] FCA 1427 File number(s): NSD 820 of 2020
Judgment of: FARRELL J
Date of judgment: 1 October 2020
Date of publication of reasons: 2 October 2020
Catchwords: CORPORATIONS – scheme of arrangement – application for orders pursuant to s 1319 of the Corporations Act 2001 (Cth) to adjourn a scheme meeting and approve the dispatch of a supplementary explanatory statement – where bidder increased scheme consideration to its best and final offer absent a superior proposal – where discretion under s411(6) of the Corporations Act was considered – application granted.
Legislation: Corporations Act 2001 (Cth) ss 411, 1319
Cases cited: Billabong International Limited, in the matter of Billabong International Limited (No 2) [2018] FCA 496 OneVue Holdings Limited, in the matter of OneVue Holdings Limited [2020] FCA 1321 PR Finance Group Limited, in the matter of PR Finance Group Limited (No 3) [2013] FCA 704 Re Boart Longyear Ltd (No 2) [2017] NSWSC 1105; (2017) 122 ACSR 437 Re Citect Corporation Ltd [2006] NSWSC 143; (2006) 56 ACSR 663 Snowside Pty Ltd as trustee for the Snowside Trust v Boart Longyear Ltd [2017] NSWCA 215; (2017) 122 ACSR 291
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 18
Date of hearing: 1 October 2020
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