In the matter of Beyond International Limited [2022] NSWSC 1649

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Beyond International Limited [2022] NSWSC 1649 Hearing dates: 10 November 2022 Date of orders: 10 November 2022 Decision date: 05 December 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. EXPERT EVIDENCE – Whether requirements of the Expert Witness Code of Conduct in Uniform Civil Procedure Rules 2005 (NSW) Sch 7 apply to an independent expert report in respect of a scheme of arrangement. Legislation Cited: - Corporations Act 2001 (Cth), s 411 - Evidence Act 1995 (NSW), s 79 - Uniform Civil Procedure Rules 2005 (NSW), r 31.23(2), Sch 7 Cases Cited: - FT Eastman & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re 3P Learning Ltd [2020] NSWSC 1573 - Re Adelaide Bank Ltd [2007] FCA 1582 - Re Afterpay Ltd [2021] NSWSC 1435 - Re APN News & Media Ltd (2007) 62 ACSR 400; [2007] FCA 770 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Aventus Holdings Ltd [2021] NSWSC 1711 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re Coca-Cola Amatil Ltd [2021] NSWSC 270 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re ERM Power Ltd [2019] NSWSC 1502 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Intega Group Ltd [2021] NSWSC 1707 - Re KAZ Group Ltd [2004] FCA 738 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Prime Media Group Ltd [2019] NSWSC 1805 - Re rhipe Ltd [2021] NSWSC 1170 - Re SFE Corporation Ltd [2006] FCA 670 - Re Signature Gold Ltd [2017] FCA 1481 - Re Sirtex Medical Ltd [2018] FCA 1315 - Re Tatts Group Ltd [2017] VSC 552 - Re Tawana Resources NL [2018] FCA 1456 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Veda Group Ltd [2015] FCA 1506 - Re Villa World Ltd [2019] NSWSC 1207 - Re Vocus Group Ltd [2021] NSWSC 630 - Re Windlab Ltd [2020] NSWSC 571 Category: Principal judgment Parties: Beyond International Limited (Plaintiff) Representation: Counsel: R A Dick SC (Plaintiff) J R Williams SC (Bidder)