Federal Court of Australia
Federal Court of Australia
Mainstream Group Holdings Limited, in the matter of Mainstream Group Holdings Limited (First Scheme Hearing) [2021] FCA 948 File number: NSD 271 of 2021
Judgment of: PERRAM J
Date of judgment: 4 August 2021
Date of publication of reasons: 11 August 2021
Catchwords: CORPORATIONS – members' scheme of arrangement – first court hearing – application under Corporations Act 2001 (Cth) ss 411 and 1319 to convene members' meeting – where director making recommendation has interest in employee share plan – where target company liable for break fee – where virtual members' meeting proposed
Legislation: Corporations Act 2001 (Cth) Pt 5.1, ss 411, 1319
Cases cited: Dragontail Systems Limited, in the matter of Dragontail Systems Limited [2021] FCA 834 In the matter of Villa World Limited [2019] NSWSC 1207; 139 ACSR 550 In the matter of Vocus Group Limited [2021] NSWSC 630 QMS Media Limited, in the matter of QMS Media Limited [2019] FCA 2172
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 13
Date of hearing: 4 August 2021
Counsel for the Plaintiff: Dr R P Austin with Mr B J May
Solicitor for the Plaintiff: Maddocks Lawyers
Counsel for Interested Parties: Mr J Williams SC
ORDERS NSD 271 of 2021 IN THE MATTER OF MAINSTREAM GROUP HOLDINGS LIMITED MAINSTREAM GROUP HOLDINGS LIMITED Plaintiff
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