Federal Court of Australia
FEDERAL COURT OF AUSTRALIA
Essential Metals Limited, in the matter of Essential Metals Limited (No 2) [2023] FCA 1306 File number: WAD 212 of 2023
Judgment of: JACKSON J
Date of judgment: 24 October 2023
Date of publication of reasons: 27 October 2023
Catchwords: CORPORATIONS - scheme of arrangement - acquisition of all shares in exchange for shares in acquirer - whether short notice of meeting - irregularity due to printing of scheme booklet - voter turnout at scheme meeting - independent expert opinion that scheme is not fair but is reasonable - discretion exercised to approve scheme - declaration made that scheme meeting and resolution not invalid because of irregularity
Legislation: Corporations Act 2001 (Cth)
Cases cited: Alloggio Group Ltd (No 2), Re [2023] FCA 1053 Amcom Telecommunications Limited, Re (No 3) [2015] FCA 596 Amcor Limited (No 2), Re [2019] FCA 842 Amcor Limited, Re [2000] VSC 157 APN Outdoor Group Limited (No 2), Re [2018] FCA 1633 Australian Consolidated Press Ltd, Re (1994) 14 ACSR 639 Bardoc Gold Ltd (No 2), Re [2022] WASC 113 Beadell Resources Ltd, Re [2018] WASC 410 Beadell Resources Ltd (No 2), Re [2019] WASC 53 Catholic Church Insurance Limited, Re [2023] FCA 1197 Centro Retail Ltd, Re [2011] NSWSC 1321 Chevron (TAPL) Pty Ltd v Chevron Australia Pty Ltd, in the matter of Chevron (TAPL) Pty Ltd (No 2) [2022] FCA 381 DDH1 Ltd (No 3), Re [2023] FCA 1153 Decimal Software Ltd (No 2), Re [2018] FCA 2040 Dreamscape Networks Ltd (No 2), Re [2019] WASC 412 Essential Metals Limited, Re [2023] FCA 1101 Equigold NL (No 2), Re [2008] FCA 826 Fowler v Lindholm [2009] FCAFC 125; (2009) 178 FCR 563 Hibernian Friendly Society (NSW) Limited, Re [2002] FCA 1139 MOD Resources Ltd (No 2), Re [2019] WASC 360 NRMA Limited (No 2), Re [2000] NSWSC 408 Nusantara Resources Ltd, Re [2021] WASC 334 Security Matters Limited, Re [2023] FCA 19 Seven Network Limited (No 3), Re [2010] FCA 400 Sienna Cancer Diagnostics Limited, Re [2020] FCA 899 Strategic Energy Resources Ltd (No 2), Re [2012] VSC 75 Vita Group Ltd (No 2), Re [2023] FCA 623 Wesfarmers (No 2), Re [2018] WASC 357
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