In the matter of Pendal Group Limited (No 3) [2023] NSWSC 14

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Pendal Group Limited (No 3) [2023] NSWSC 14 Hearing dates: 11 January 2023 Date of orders: 11 January 2023 Decision date: 24 January 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders made approving a scheme of arrangement. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders approving scheme of arrangement – Where formal requirements satisfied – Whether scheme of arrangement should be approved. Legislation Cited: - Corporations Act 2001 (Cth), s 411 Cases Cited: - Re Amcor Ltd (No 2) [2019] FCA 842 - Re Anaconda Nickel Holdings Pty Ltd (2003) 44 ACSR 229 - Re Ardent Leisure Management Ltd in its capacity as the responsible entity of the Ardent Leisure Trust (No 2) [2018] NSWSC 1990 - Re Atlantic Gold NL (No 2) [2014] FCA 869 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Aurora Funds Management Ltd (2019) 138 ACSR 1; [2019] NSWSC 630 - Re Aveo Group Ltd [2019] NSWSC 1679 - Re Boart Longyear (No 2) (2017) 122 ACSR 437; [2017] NSWSC 1105 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Centro Properties Ltd (2011) 86 ACSR 584; [2011] NSWSC 1465 - Re David Jones Ltd (No 3) [2014] FCA 753 - Re DUET Management Co 1 Ltd (2013) 95 ACSR 34; [2013] NSWSC 817 - Re DUET Management Company 1 Ltd [2013] NSWSC 1060 - Re Ellerston Global Investments Ltd [2020] NSWSC 1108 - Re Equinox Resources Ltd (2004) 41 ACSR 692 - Re GBST Holdings Ltd [2019] NSWSC 1503 - Re International Coal Holdings Ltd [2011] FCA 209 - Re Investa Listed Funds Management Ltd as responsible entity for Armstrong Jones Office Fund and Prime Credit Property Trust [2018] NSWSC 1432 - Re iProperty Group Ltd (No 2) [2016] FCA 36 - Re NRMA Ltd (No 2) (2000) 156 FLR 412 - Re Pendal Group Ltd [2022] NSWSC 1575 - Re Pendal Group Limited (No 2) [2022] NSWSC 1648 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 117 - Re Redcape Property Fund Ltd and Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 - Re Seven Network Ltd (2010) 77 ACSR 701; [2010] FCA 400 - Re Simavita Holdings Ltd [2013] FCA 1274 - Re Texon Petroleum Ltd (No 2) [2013] FCA 147 Category: Principal judgment Parties: Pendal Group Limited (Plaintiff) Representation: Counsel: J Williams SC/H Atkin (Plaintiff) K Petch (Bidder)