Federal Court of Australia
Federal Court of Australia
One Funds Management Limited, in the matter of One Funds Management Limited [2023] FCA 1212 File number(s): NSD 986 of 2023
Judgment of: JACKMAN J
Date of judgment: 29 September 2023
Date of publication of reasons: 10 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 is proposed as a means of resolving claims against the company – where the scheme is conditional on releases against third parties – appropriate to make orders sought
Legislation: Corporations Act 2001 (Cth) Pt 2G.2, ss 9, 199A, 411, 601FC Corporations Law 1990 (Cth) s 241 Federal Court of Australia Act 1976 (Cth) ss 37AF, 37AG Federal Court (Corporations) Rules 2000 (Cth) rr 1.3, 2.4, 3.2, 3.3, 3.4 Insolvency Practice Rules (Corporations) 2016 (Cth) Div 75, r 75-1
Cases cited: Australian Competition and Consumer Commission v Cascade Coal Pty Ltd (No 1) [2015] FCA 607; (2015) 331 ALR 68 Australian Competition and Consumer Commission v Valve Corporation (No 5) [2016] FCA 741 Bacnet Pty Ltd v Lift Capital Partners Pty Limited (in liquidation) [2010] FCAFC 36; (2010) 183 FCR 384 Clime Capital Limited v UGL Pty Limited (No 2) [2020] FCA 257 Eastland Technology Pty Ltd v Whisson [2005] WASCA 144; (2005) 223 ALR 123 Equititrust Ltd (in liq) v Equititrust Ltd (in liq) (No 4) [2017] FCA 1133 First Pacific Advisors LLC v Boart Longyear Ltd [2017] NSWCA 116; (2017) 121 ACSR 136 Foots v Southern Cross Mine Management Pty Ltd [2007] HCA 56; (2007) 234 CLR 52 Fowler v Lindholm; Re Opes Prime Stockbroking Limited [2009] FCAFC 125; (2009) 178 FCR 563 Gulland v Federal Commissioner of Taxation (1983) 72 FLR 362 Hogan v Australian Crime Commission [2010] HCA 21; (2010) 240 CLR 651 Miller v Miller (1995) 16 ACSR 73 Playcorp Pty Ltd v Venture Stores (Retailers) Pty Ltd (1992) 7 ACSR 193 Re Atlas Iron Ltd [2016] FCA 366; (2016) 112 ACSR 554 Re Australand Holdings Limited [2005] NSWSC 835; (2005) 54 ACSR 687 Re BIS Finance Pty Ltd [2017] NSWSC 1713 Re Boart Longyear Limited [2017] NSWSC 537; (2017) 318 FLR 226 Re Boart Longyear Ltd [2017] NSWSC 567; (2017) 121 ACSR 328 Re Boart Longyear Limited [2021] NSWSC 982 Re GAE Pty Ltd [1962] VR 252 Re HIH Casualty and General Insurance Ltd [2005] NSWSC 1180; (2005) 56 ACSR 295 Re Lehman Brothers Australia Ltd (in liq) [2013] FCA 486; (2013) 94 ACSR 528 Re Lehman Brothers Australia Ltd (in liq) (No 2) [2013] FCA 965; (2013) 95 ACSR 685 Re Lift Capital Partners Pty Limited (In Liquidation) [2009] FCA 1523 Re NRMA Ltd (No 2) [2000] NSWSC 408; (2000) 34 ACSR 261 Re Opes Prime Stockbroking Limited [2009] FCA 813; (2009) 179 FCR 20 Re Vita Group Ltd [2023] FCA 400; (2023) 165 ACSR 576 Selim v McGrath [2003] NSWSC 927; (2003) 47 ACSR 537
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate