In the matter of MyDeal.com.au Limited [2022] NSWSC 1094

Supreme Court New South Wales

Medium Neutral Citation: In the matter of MyDeal.com.au Limited [2022] NSWSC 1094 Hearing dates: 2 August 2022 Date of orders: 2 August 2022 Decision date: 16 August 2022 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order made convening scheme meeting and approving the scheme booklet for distribution to shareholders. 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, to agree to proposed scheme of arrangement – Whether requirements to order scheme meeting are satisfied. Cases Cited: - Dragontail Systems Ltd, in the matter of Dragontail Systems Ltd [2021] FCA 834 - First Pacific Advisors LLC v Boart Longyear Ltd [2017] NSWCA 116 - 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 AGL Ltd [2022] NSWSC 576 - Re APN News & Media Ltd (2007) 62 ACSR 400; [2007] FCA 770 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re Cellestis Ltd [2011] VSC 284 - Re Centrebet International Ltd [2011] FCA 870 - Re Citadel Group Ltd (2020) 148 ACSR 598; [2020] FCA 1580 - Re Coventry Resources Ltd [2012] FCA 1252 - Re CSR Ltd (2010) 183 FCR 358; (2010) 265 ALR 703; (2010) 77 ACSR 592; [2010] FCAFC 34 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Hostworks Group Ltd (2008) 26 ACLC 137; [2008] FCA 64 - Re Humm Group Ltd [2022] FCA 614 - Re Kidman Resources Ltd (2019) 375 ALR 760; (2019) 139 ACSR 122; [2019] FCA 1226 - Re Legend Corporation Ltd [2019] FCA 1249 - Re Link Administration Holdings Ltd [2022] NSWSC 650 - Re MAC Services Group (2010) 80 ACSR 390; [2010] NSWSC 1316; - Re Mainstream Group Holdings Ltd [2021] FCA 948 - Re Mortgage Choice Ltd [2021] NSWSC 553 - Re OPUS Group Ltd [2018] FCA 959 - Re QMS Media Ltd [2019] FCA 2172 - Re RXP Services Ltd [2021] FCA 38 - Re SAI Global Ltd [2016] FCA 1312 - Re SFG Australia Ltd [2014] FCA 831 - Re Sino Gold Mining Ltd (2009) 74 ACSR 647; [2009] FCA 1277 - Re Skilled Group Ltd (No 1) [2015] VSC 789 - Re SMS Management & Technology Ltd [2017] VSC 257 - Re The Trust Company (Re Services) Ltd as responsible entity of the VitalHarvest Freehold Trust [2021] NSWSC 108 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Villa World Ltd [2019] NSWSC 1207 - Re Vocus Group Ltd [2021] NSWSC 630 - Re Westfield Holdings Ltd (2004) 49 ACSR 734; [2004] NSWSC 458 - Re Xplore Wealth Ltd [2020] FCA 1868 - Sienna Cancer Diagnostics Ltd, in the matter of - Siena Cancer Diagnostics Ltd [2020] FCA 899 - Sovereign Life Assurance Company v Dodd [1892] 2 QB 573 - Wellcom Group Ltd, in the matter of Wellcom Group Ltd [2019] FCA 1655 Texts Cited: T Damien & A Rich, Schemes, Takeovers and Himalayan Peaks (Herbert Smith Freehills, 4th ed, 2021) Category: Principal judgment Parties: MyDeal.com.au Limited (Plaintiff) Representation: Counsel: Dr R Austin/B May (Plaintiff) T L Wong SC (Bidder)