Eumundi Group Limited, in the matter of Eumundi Group Limited [2024] FCA 1510

FEDERAL COURT OF AUSTRALIA

Eumundi Group Limited, in the matter of Eumundi Group Limited [2024] FCA 1510 File number: QUD 685 of 2024

Judgment of: FEUTRILL J

Date of judgment: 19 December 2024

Catchwords: CORPORATIONS – 'takeover' member scheme of arrangement – interlocutory application for orders to convene a meeting between a company and its members under s 411(1) of the Corporations Act 2001 (Cth) – summary of applicable principles – concurrent off-market takeover offer and proposed scheme of arrangement – consideration of dual structure takeover and scheme transactions and fitness for consideration by members – consideration of common and uncontroversial features of proposed scheme

Legislation: Corporations Act 2001 (Cth) ss 411, 411(1), 411(2)(a), 411(2)(b), 411(3), 411(4), 411(4)(b), 411(17), 411(17)(b), 412, 412(1)(a), 1319, 1330; Ch 6; Pt 5.1 Corporations Regulations 2001 (Cth) reg 5.1.01, Sch 8 Federal Court (Corporations) Rules 2000 (Cth) rr 3.2, 3.4

Cases cited: A-Cap Energy Limited, in the matter of A-Cap Energy Limited [2023] FCA 1142 A-Cap Energy Limited, in the matter of A-Cap Energy Limited (No 2) [2023] FCA 1356 Chesser Resources Limited, in the matter of Chesser Resources Limited [2023] FCA 1021 Huon Aquaculture Group Limited, in the matter of Huon Aquaculture Group Limited [2021] FCA 1170 OreCorp Limited, in the matter of OreCorp Limited [2023] FCA 1359 Re Healthscope Ltd [2019] FCA 542; 139 ACSR 608 Re Healthscope Ltd (No 2) [2019] FCA 759; 136 ACSR 259 Re Nitro Software Limited [2023] NSWSC 13 Re Rusina Mining NL (No 2) [2010] FCA 609; 78 ACSR 615 Re Virtus Health Ltd [2022] NSWSC 597 ThinkSmart Limited, in the matter of ThinkSmart Limited [2022] FCA 1314