Catholic Church Insurance Limited, in the matter of Catholic Church Insurance Limited [2023] FCA 1197

Federal Court of Australia

Catholic Church Insurance Limited, in the matter of Catholic Church Insurance Limited [2023] FCA 1197 File number(s): VID 715 of 2023

Judgment of: JACKMAN J

Date of judgment: 27 September 2023

Date of publication of reasons: 9 October 2023

Catchwords: CORPORATIONS – creditors' scheme of arrangement – first Court hearing – application for orders under s 411 of the Corporations Act 2001 (Cth) convening a meeting of scheme creditors – where the scheme envisaged involves a two-stage process whereby creditors' rights are only materially affected upon the occurrence of a trigger event – whether any class delineation is required – appropriate to make orders sought

Legislation: Corporations Act 2001 (Cth) ss 95A, 411, 412, 554A, 555, 556, 562A, 599, 601AG, 1319 Insurance Act 1973 (Cth) ss 7, 28, 62ZZL, 116 Insurance Contracts Act 1984 (Cth) ss 48, 51 Corporations Regulations 2001 (Cth) reg 5.1.01, Sch 8, cl 8201 Federal Court (Corporations) Rules 2000 (Cth) rr 2.4, 3.2, 3.3 Insolvency Practice Rules (Corporations) 2016 (Cth) ss 75-85, 75-100 Civil Liability (Third Parties Claims against Insurers) Act 2017 (NSW)

Cases cited: Centro Properties Ltd v PricewaterhouseCoopers [2011] NSWSC 1465; (2011) 86 ACSR 584 First Pacific Advisors LLC v Boart Longyear Ltd [2017] NSWCA 116; (2017) 121 ACSR 136 HIH Casualty & General Insurance Ltd v Building Insurers' Guarantee Corporation [2003] NSWSC 1083; (2003) 202 ALR 610 Re ACS (NZ) Ltd [2012] NZHC 1396 Re Anaconda Nickel Holdings Pty Ltd [2003] WASC 19; (2003) 44 ACSR 229 Re APCOA Parking Holdings GmbH (No 2) [2014] EWHC 3849 (Ch); [2015] 4 All ER 572 Re Australian Co-operative Foods Limited [2001] NSWSC 382; (2001) 38 ACSR 71 Re British Aviation Insurance Co Ltd [2005] EWHC 1621 (Ch) Re Cape plc [2006] EWHC 1316 (Ch) Re Cortefiel SA [2012] EWHC 2998 (Ch) Re CSR Limited [2010] FCAFC 34; (2010) 183 FCR 358 Re Hawk Insurance Co Ltd [2001] 2 BCLC 480 Re HIH Casualty & General Insurance Ltd [2005] NSWSC 240; (2005) 215 ALR 562; (2005) 53 ACSR 12 Re HIH Casualty and General Insurance Limited [2005] NSWSC 1180; (2005) 56 ACSR 295 Re HIH Casualty and General Insurance Ltd [2006] NSWSC 485; (2006) 200 FLR 243 Re Hills Motorway Ltd [2002] NSWSC 897; (2002) 43 ACSR 101 Re Homemaker Retail Management Ltd [2001] NSWSC 1058; (2001) 40 ACSR 116 Re Jax Marine Pty Ltd [1967] 1 NSWR 145; (1966) 85 WN (NSW) (Pt 1) 130 Re Leamon Consolidated (Vic) Pty Ltd (1985) 10 ACLR 263 Re NRG London Reinsurance Co Ltd [2006] FCA 872; (2006) 58 ACSR 674 Re NRMA Insurance Ltd [2000] NSWSC 82; (2000) 156 FLR 349 Re NRMA Ltd (2000) 33 ACSR 595 Re Opes Prime Stockbroking Ltd [2009] FCA 813; (2009) 179 FCR 20 Re R M Eastmond Pty Ltd (1972) 4 ACLR 801 Re Scottish Eagle Insurance Company Ltd [2005] EWHC 2683 (Ch) Re Sovereign Marine & General Insurance Co Ltd [2006] EWHC 1335 (Ch) Re Strategic Energy Resources Limited (No 2) [2012] VSC 75 Re Stronghold Insurance Company Ltd [2018] EWHC 2909 (Ch) Re T & N Ltd (No 4) [2006] EWHC 1447 (Ch); [2007] 1 All ER 851 Re Telewest Communications PLC [2004] EWHC 924 (Ch); [2004] BCC 342 Re Telewest Communications Plc [2004] EWHC 924 (Ch); [2004] BCC 342 Re Telford Inns Pty Ltd (1985) 3 ACLC 660 Re Vita Group Ltd [2023] FCA 400; (2023) 165 ACSR 576 Re W J McGrath & Co Pty Ltd (1979) 4 ACLR 451 Selim v McGrath [2003] NSWSC 927; (2003) 47 ACSR 537 Sovereign Life Assurance Company v Dodd [1892] 2 QB 573 UDL Argos Engineering & Heavy Industries Co Ltd v Li Oi Lin [2001] 3 HKLRD 634