Federal Court of Australia
Federal Court of Australia
Xplore Wealth Limited, in the matter of Xplore Wealth Limited [2020] FCA 1868 File number: NSD 1279 of 2020
Judgment of: MARKOVIC J
Date of judgment: 18 December 2020
Date of publication of reasons: 23 December 2020
Catchwords: CORPORATIONS – scheme of arrangement – first court hearing – application for orders pursuant to s 411 and s 1319 of the Corporations Act 2001 (Cth) that company convene meeting of members and despatch explanatory statement – where proposed share scheme is fair and reasonable and in the best interests of shareholders – where proposed option scheme is not fair but is reasonable and in the best interests of optionholders – application allowed
Legislation: Corporations Act 2001 (Cth), ss 411, 1319 Federal Court (Corporations) Rules 2000 (Cth)
Cases cited: AIRR Holdings Ltd, in the matter of AIRR Holdings Ltd [2019] FCA 2180 Coventry Resources Limited, in the matter of Coventry Resources Limited [2012] FCA 1252 F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 First Pacific Advisors LLC v Boart Longyear Ltd [2017] NSWCA 116; (2017) 121 ACSR 136 MIA Group Ltd [2004] NSWSC 712; (2004) 50 ASCR 29 Re CSR Ltd (2010) 183 FCR 358 Re Nine Entertainment Group Ltd (No 1) (2012) 211 FCR 439 Sovereign Life Assurance Company v Dodd [1892] 2 QB 573 Talent2 International Limited, in the matter of Talent2 International Limited [2012] FCA 771
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate