In the matter of TPG Telecom Limited [2020] NSWSC 772

Supreme Court New South Wales

Medium Neutral Citation: In the matter of TPG Telecom Limited [2020] NSWSC 772 Hearing dates: 19 May 2020 Date of orders: 19 May 2020 Decision date: 19 June 2020 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made convening scheme meeting and approving the scheme booklet for distribution. Catchwords: CORPORATIONS – arrangements and reconstructions – schemes of arrangement or compromise – application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of members to consider and, if thought fit, approve a proposed scheme of arrangement – whether requirements to order scheme meeting are satisfied Legislation Cited: - Corporations Act 2001 (Cth), ss 249S, 411, 1362A, Ch 6 - Corporations (Coronavirus Economic Response) Determination (No. 1) 2020, cl 5(1) - Corporations Regulations 2001 (Cth), rr 5.6.11 and 5.6.36A - Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: - Australian Securities Commissions v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - Centrebet International Ltd [2011] FCA 870 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211 - Re APN News & Media Ltd (2007) 62 ACSR 400 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758 - Re Atlas Iron Ltd (2016) 112 ACSR 554 - Re BIS Finance Pty Ltd [2017] NSWSC 1713 - Re Bolnisi Gold NL (No 2) (2007) 65 ACSR 510 - Re Centrebet International Ltd [2011] FCA 870 - Re CSR Ltd (2010) 183 FCR 358 - Re DuluxGroup Ltd [2019] FCA 961 - Re Foundation Healthcare Ltd [2002] FCA 742; (2002) 42 ACSR 252 - Re Hills Motorway Ltd [2002] 43 ACSR 101 - Re Investa Listed Funds Management Ltd as responsible entity for the Armstrong Jones Office Fund and the Prime Credit Property Trust [2018] NSWSC 1766 - Re Macquarie Private Capital A Limited (2008) 26 ACLC 366 - Re Mosaic Oil NL [2010] FCA 985 - Re SAI Global Ltd [2016] FCA 1312 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Villa World Ltd [2019] NSWSC 1207 - Re Viralytics Ltd [2018] FCA 637 Category: Principal judgment Parties: TPG Telecom Limited (Plaintiff) Representation: Counsel: J Williams/H Aitken (Plaintiff) M Oakes SC (Acquirer)