In the matters of Boart Longyear Limited [2021] NSWSC 982

Supreme Court New South Wales

Medium Neutral Citation: In the matters of Boart Longyear Limited [2021] NSWSC 982 Hearing dates: 27 and 29 July 2021 Date of orders: 29 July 2021 Decision date: 06 August 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made convening scheme meetings in two creditors' schemes and members' scheme and ancillary orders made. Catchwords: CORPORATIONS – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meeting of creditors and members to consider schemes of arrangement. Legislation Cited: - Corporations Act 2001 (Cth), 411, 412, 563A - Cross-Border Insolvency Act 2008 (Cth), Sch 1 Cases Cited: - First Pacific Advisors LLC v Boart Longyear Ltd (2017) 320 FLR 78; (2017) 121 ACSR 136; [2017] NSWCA 116 - FT Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Abacus Funds Management Ltd (2006) 24 ACLC 211; [2005] NSWSC 1309 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Associated Advisory Practices Ltd [2013] FCA 761 - Re Atlas Iron Ltd (2016) 112 ACSR 554; [2016] FCA 366 - Re BINGO Industries Limited [2021] NSWSC 798 - Re BIS Finance Pty Limited [2017] NSWSC 1713 - Re Boart Longyear Ltd (2017) 121 ACSR 328; [2017] NSWSC 567 - Re Boart Longyear Ltd (2017) 318 FLR 226; [2017] NSWSC 537 - Re Boart Longyear Ltd (No 2) (2017) 323 FLR 241; (2017) 122 ACSR 437; [2017] NSWSC 1105 - Re Centrebet International Limited [2011] FCA 870 - Re Coca-Cola Amatil Limited [2021] NSWSC 270 - Re Ellerston Global Investments Limited [2020] NSWSC 879 - Re Glencore Nickel Pty Ltd (2003) 44 ACSR 210; [2003] WASC 18 - Re Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 - Re New Look Financing Plc [2020] EWHC 2793 (Ch) - Re Obrascon Huarte Lain SA [2021] EWHC 1431 (Ch) - Re Permanent Trustee Co (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re SAI Global Limited [2016] FCA 1312 - Re Selecta Finance UK Ltd [2020] EWHC 2689 (Ch) - Re Simavita Holdings Limited [2013] FCA 1274 - Re Syncreon Group BV [2019] EWHC 2412 (Ch) - Re The Trust Company Ltd [2013] NSWSC 1680 - Re TPG Telecom Limited [2020] NSWSC 772 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 - Re Virgin Atlantic Airways Ltd [2020] EWHC 2376 (Ch) - Re Watpac Limited [2018] FCA 656 Category: Principal judgment Parties: Proceedings 2021/209335 Boart Longyear Limited (First Plaintiff) Boart Longyear Management Pty Ltd (Second Plaintiff) Boart Longyear Australia Pty Ltd (Third Plaintiff) Votraint No 1609 Pty Ltd (Fourth Plaintiff) Boart Longyear Investments Pty Ltd (Fifth Plaintiff) BL Capital Management LLC (Sixth Plaintiff) BLY US Holdings Inc (Seventh Plaintiff)