Federal Court of Australia
Federal Court of Australia
PSC Insurance Group Limited, in the matter of PSC Insurance Group Limited [2024] FCA 946 File number(s): VID 631 of 2024
Judgment of: NESKOVCIN J
Date of judgment: 21 August 2024
Date of publication of reasons: 22 August 2024
Catchwords: CORPORATIONS – scheme of arrangement – first court hearing – order sought under s 411(1) of the Corporations Act 2001 (Cth) – exercise of discretion – performance risk –directors' interests – break fee – exclusivity arrangements – deemed warranty – separate class of members – whether there should be separate scheme meetings – orders made for convening of shareholders' meetings
Legislation: Corporations Act 2001 (Cth) ss 411(1), 1319
Cases cited: Re Amcor Ltd [2019] FCA 346 Re Avita Medical Ltd [2020] FCA 592 Re DuluxGroup Ltd (2019) 136 ACSR 546; [2019] FCA 961 Re Healthscope Ltd (2019) 139 ACSR 608; [2019] FCA 542 Re Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 Re IXLA Ltd [2007] VSC 573 Re Oz Minerals Limited [2023] FCA 197 Re SILK Laser Australia Ltd [2023] FCA 1191 Re Vita Group Ltd (2023) 165 ACSR 576; [2023] FCA 400
Division: General Division
Registry: Victoria
National Practice Area: Commercial and Corporations
Sub-area: Corporations and Corporate Insolvency
Number of paragraphs: 63
Date of hearing: 21 August 2024
Counsel for the Plaintiff: Mr P D Crutchfield KC and K A Brazenor
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