In the matter of Afterpay Limited [2021] NSWSC 1709

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Afterpay Limited [2021] NSWSC 1709 Hearing dates: 17 December 2021 Date of orders: 17 December 2021 Decision date: 29 December 2021 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving amended scheme of arrangement. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411(6) of the Corporations Act 2001 (Cth) for orders approving amended scheme of arrangement – Where formal requirements satisfied – Whether amended scheme of arrangement should be approved. Legislation Cited: - Corporations Act 2001 (Cth), s 411, s 411(6). Cases Cited: - Re Afterpay Ltd [2021] NSWSC 1435 - Re Afterpay Ltd [2021] NSWSC 1640 - Re Alabama, New Orleans, Texas and Pacific Junction Railway Co [1891] 1 Ch 213 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Aveo Group Ltd [2019] NSWSC 1679 - Re Boart Longyear Ltd (No 2) (2017) 122 ACSR 437; [2017] NSWSC 1105 - Re Boart Longyear Ltd [2021] NSWSC 1269 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Ellerston Global Investments Limited [2020] NSWSC 1108 - Re Isentia Group Ltd [2021] NSWSC 1069 - Re NRMA Ltd (2000) 33 ACSR 595; [2000] NSWSC 82 - Re NRMA Ltd (No 2) (2000) 156 FLR 412; (2000) 34 ACSR 261; [2000] NSWSC 408 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Redcape Property Fund Ltd and Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 - Re Redflex Holdings Ltd (No 3) [2021] FCA 527 - Re Seven Network Ltd (No 3) (2010) 77 ACSR 701; [2010] FCA 400 - Re Simeon Wines Ltd (2002) 42 ACSR 454; [2002] SASC 204 - Re Solution 6 Holdings Ltd (2004) 50 ACSR 113; [2004] FCA 1049 - Re Tiger Resources Ltd (No 2) [2020] FCA 266 - Re Wollongong Coal Limited and Jindal Steel & Coal Australia Pty Ltd [2020] NSWSC 73 Category: Principal judgment Parties: Afterpay Limited (Plaintiff) Representation: Counsel: I Jackman SC/B Ng (Plaintiff) J Williams SC (Acquirers)