Clemenger Group Limited, in the matter of Clemenger Group Limited [2023] FCA 815

Federal Court of Australia

Clemenger Group Limited, in the matter of Clemenger Group Limited [2023] FCA 815 File number(s): VID 469 of 2023

Judgment of: BUTTON J

Date of judgment: 18 July 2023

Date of publication of reasons: 19 July 2023

Catchwords: CORPORATIONS – scheme of arrangement – first court hearing – application under s 411(1) of the Corporations Act 2001 (Cth) to convene a meeting to consider a proposed scheme of arrangement by acquisition of shares – where scheme implementation deed provides for the acquisition of Class A and Class C shares, and conversion into Class B shares held by bidder – orders made

Legislation: Corporations Act 2001 (Cth) s 411, Ch 6 Corporations Regulations 2001 (Cth) reg 5.1.01(1)(b), Sch 8 Pt 3 Federal Court (Corporations) Rules 2000 (Cth) rr 2.4, 2.15, 3.4 Insolvency Practice Rules (Corporations) 2016 (Cth) Div 75 Insolvency Practice Schedule (Corporations), Sch 2 to the Corporations Act 2001 (Cth) Div 75

Cases cited: Re Amcor Ltd [2019] FCA 346 Re CSR Ltd (2010) 183 FCR 358 Re DuluxGroup Ltd (2019) 136 ACSR 546; [2019] FCA 961 Re HIH Casualty and General Insurance Ltd [2006] NSWSC 191 Re Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 Re Japara Healthcare Ltd (2021) 156 ACSR 695; [2021] FCA 1150 Re Proptech Group Ltd [2022] FCA 1606 Re URB Investments Ltd [2019] FCA 1977 Sovereign Life Assurance Co v Dodd [1892] 2 QB 573 Tony Damian and Andrew Rich, Schemes, Takeovers and Himalayan Peaks: The Use of Schemes of Arrangement (Herbert Smith Freehills, 4th ed, 2021)