Eumundi Group Limited, in the matter of Eumundi Group Limited (No 2) [2025] FCA 58

Federal Court of Australia Eumundi Group Limited, in the matter of Eumundi Group Limited (No 2) [2025] FCA 58 File number:

Judgment of: FEUTRILL J

Date of judgment: 4 February 2025

Publication of reasons: 6 February 2025

Catchwords: CORPORATIONS – application for approval of scheme of arrangement under s 411(4) of the Corporations Act 2001 (Cth) – concurrent off-market takeover bid – consideration of discretion under s 411(4)(b) and s 411(17) of the Act – consideration of whether purpose of scheme is to avoid operation of any of the provisions of Ch 6

Corporations Act 2001 (Cth) ss 411, 411(4)(a)(ii), 411(4)(b), 411(6), 411(11), 411(17), 411(17)(a), 411(17)(b), 411(12), 602, 606(1), 606(1A), 611, 624, 636, 638, 650G, 652A, 652B; Ch 6, 6A; Ptt 5.1, 6A.1, 6A.2 Legislation: Corporations Regulations 2001 (Cth) reg 5.1.02; Sch 8 Federal Court (Corporations) Rules 2000 (Cth) rr 1.3, 3.4, 3.4(3)(a)

Chesser Resources Limited, in the matter of Chesser Resources Limited (No 2) [2023] FCA 1067 Eumundi Group Limited, in the matter of Eumundi Group Limited [2024] FCA 1510 Re ACM Gold Ltd; Re Mt Leyshon Gold Mines Ltd (1992) 34 FCR 530 Cases cited: Re Coles Group Ltd (No 2) [2007] VSC 523; 65 ASCR 494 Re Foundation Healthcare Limited [2002] FCA 973; 43 ACSR 680 Re Mincom Ltd (No 3) [2007] QSC 207; 213 FLR 364 Re Stockbridge Ltd (1993) 9 ACSR 637 Re Wesfarmers Ltd; ex parte Wesfarmers Ltd (No 2) [2018] WASC 357

Division: General Division