Australian Leaders Fund Ltd v Equity Trustees Ltd, in the matter of Australian Leaders Fund Ltd (No 2) [2021] FCA 234

Federal Court of Australia

Australian Leaders Fund Ltd v Equity Trustees Ltd, in the matter of Australian Leaders Fund Ltd (No 2) [2021] FCA 234 File number: NSD 49 of 2021

Judgment of: STEWART J

Date of judgment: 16 March 2021

Catchwords: CORPORATIONS – scheme of arrangement – second court hearing – applications under s 411(4)(b) and s 411(6) of the Corporations Act 2001 (Cth) for approval of scheme – formal requirements – discretionary considerations

Legislation: Corporations Act 2001 (Cth) ss 411(1), 411(4)(a)(ii), 411(4)(b), 411(6), 411(11), 411(12), 411(17)(b), 413

Cases cited: Australian Leaders Fund Ltd v Equity Trustees Ltd, in the matter of Australian Leaders Fund Ltd [2021] FCA 88 Australian Securities Commission v Marlborough Gold Mines Ltd [1993] HCA 15; 177 CLR 485 FT Eastment & Sons Pty Ltd v Metal Roof Decking Proprietary Ltd (1977) 3 ACLR 69 Re Avoca Resources Ltd [2011] FCA 208 Re Auzex Resources Ltd (No 2) [2012] QSC 101 Re CSR Ltd [2010] FCAFC 34; 183 FCR 358 Re Equinox Resources Ltd [2004] WASC 143; 49 ACSR 692 Re InvestInfo Ltd [2005] FCA 1848; (2006) 24 ACLC 44 Re Lion Nathan Ltd (No 2) [2009] FCA 1261 Re MB Group PLC [1989] BCLC 672 Re Seven Network Ltd (No 3) [2010] FCA 400; 77 ACSR 701

Division: General Division

Registry: New South Wales

National Practice Area: Commercial and Corporations

Sub-area: Corporations and Corporate Insolvency