Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Wameja Limited, in the matter of Wameja Limited (No 2) [2021] FCA 1130 File number(s): NSD 1108 of 2020
Judgment of: FARRELL J
Date of judgment: 9 September 2021
Date of publication of reasons: 17 September 2021
Catchwords: CORPORATIONS – members' scheme of arrangement – application under s 411(4)(b) of the Corporations Act 2001 (Cth) to approve members' scheme of arrangement – application for order under s 411(12) of the Corporations Act for exemption from compliance with s 411(11) – where scheme meeting was convened in accordance with the Court's orders – where scheme meeting was conducted using electronic meeting technology without technical difficulty or procedural irregularities – where voter turnout was relatively low – where shareholders could participate in the scheme meeting by providing written questions but were not able to speak – applications granted
Legislation: Corporations Act 2001 (Cth) ss 249L(1)(a), 249R, 250B(3), 250BA(1), 250J(1), 253P, 253Q, 253QA, 411, 1319, 1322(3A), 1679, 1679A Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) Sch 4 Treasury Laws Amendment (2021 Measures No. 1) Act 2021 (Cth) Sch 1 Corporations (Coronavirus Economic Response) Determination (No. 3) 2020 (Cth) Federal Court (Corporations) Rules 2000 (Cth) r 3.3(2) Explanatory Memorandum, Treasury Laws Amendment (2021 Measures No. 1) Bill 2021 (Cth), cll 1.37, 1.38
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