Federal Court of Australia
Federal Court of Australia
WCM Global Long Short Limited, in the matter of WCM Global Long Short Limited (No 2) [2022] FCA 1552 File number: NSD 923 of 2022
Judgment of: MARKOVIC J
Date of judgment: 16 December 2022
Date of publication of reasons: 21 December 2022
Catchwords: CORPORATIONS – scheme of arrangement – second court hearing – application for approval of scheme pursuant to subs 411(4)(b) and (6) of the Corporations Act 2001 (Cth) – application granted
Legislation: Corporations Act 2001 (Cth) subs 411(4)(b), subs 411(6)
Cases cited: Auzex Resources Limited (No 2) [2012] QSC 101 Avoca Resources Limited [2011] FCA 208 Lion Nathan Limited (No. 2) [2009] FCA 1261 Re Seven Network Limited (No 3) (2010) 77 ACSR 701; [2010] FCA 400
Division: General Division
Registry: New South Wales
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 25
Date of hearing: 7 November 2022
Counsel for the Plaintiff: Mr M Oakes SC
Solicitor for the Plaintiff: Mont Lawyers
ORDERS NSD 923 of 2022 IN THE MATTER OF WCM GLOBAL LONG SHORT LIMITED WCM GLOBAL LONG SHORT LIMITED Plaintiff
order made by: MARKOVIC J DATE OF ORDER: 16 December 2022
THE COURT ORDERS THAT:
1. Pursuant to subs 411(4)(b) and 411(6) of the Corporations Act 2001 (Cth), the scheme of arrangement between the plaintiff and its members agreed to by the said members at the meeting held on 12 December 2022, the terms of which are set out in Annexure SNJ-14 to the affidavit of Saxon Barbara Naulls-Johnstone affirmed on 16 December 2022, be approved (Scheme). 2. The plaintiff lodge with the Australian Securities and Investment Commission a copy of the approved Scheme at the time of lodging a copy of these Orders. 3. Pursuant to subs 411(12) of the Act, the plaintiff be exempted from compliance with sub 411(11) of the Act in relation to Order 1. 4. These Orders be entered forthwith. Note: Entry of orders is dealt with in Rule 39.32 of the Federal Court Rules 2011.
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