Australian Leaders Fund Ltd v Equity Trustees Ltd, in the matter of Australian Leaders Fund Ltd [2021] FCA 88

Federal Court of Australia

Australian Leaders Fund Ltd v Equity Trustees Ltd, in the matter of Australian Leaders Fund Ltd [2021] FCA 88 File number: NSD 49 of 2021

Judgment of: STEWART J

Date of judgment: 2 February 2021

Date of publication of reasons: 11 February 2021

Catchwords: CORPORATIONS – scheme of arrangement – application to convene a meeting of shareholders – share cancellation – managed investment scheme – s 413 orders – position of scheme company creditors

Legislation: Corporations Act 2001 (Cth) ss 411-413 Corporations Regulations 2001 (Cth) regs 5.1.01, 5.6.11-5.6.36A, Sch 8 Federal Court (Corporations) Rules 2000 (Cth) r 2.15 Insolvency Practice Rules (Corporations) 2016 (Cth) Div 75

Cases cited: Alstom Signalling Solutions Pty Ltd v Alstom Transport Australia Pty Ltd [2016] FCA 838 Australian Securities Commission v Marlborough Gold Mines Ltd [1993] HCA 15; 177 CLR 485 Re Amcom Telecommunications Ltd [2015] FCA 341 Re Anglo American Insurance Co Ltd [1991] BCLC 56 Re Archaean Gold NL (1997) 23 ACSR 143 Re CSR Ltd [2010] FCAFC 34; 183 FCR 358 Re Ellerston Global Investments Ltd [2020] NSWSC 879 Re Foundation Healthcare Ltd [2002] FCA 742; 42 ACSR 252 Re HIH Casualty and General Insurance Ltd [2006] NSWSC 191 Re Integra Mining Limited [2012] FCA 1414 Re MB Group plc [1989] BCLC 672 Re Northern Engineering Industries plc [1994] 2 BCLC 704 Re Permanent Trustee Company [2002] NSWSC 1177, 43 ACSR 601 Re Sonodyne International Ltd (1994) 15 ACSR 494 Re Staging Connections Group Ltd [2015] FCA 1012 Re Watermark Global Leaders Fund Ltd [2019] FCA 316 Re Watermark Market Neutral Fund Ltd [2019] FCA 315 Re Watpac Ltd [2018] FCA 656 Re Xplore Wealth Ltd [2020] FCA 1868