In the matter of ELMO Software Ltd (No 2) [2023] NSWSC 81

Supreme Court New South Wales

Medium Neutral Citation: In the matter of ELMO Software Ltd (No 2) [2023] NSWSC 81 Hearing dates: 8 February 2023 Date of orders: 8 February 2023 Decision date: 13 February 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), ss 411, 1319 Cases Cited: • Re Aveo Group Ltd [2019] NSWSC 1679 • Re Centro Properties Ltd (2011) 86 ACSR 584; [2011] NSWSC 1465 • Re David Jones Ltd (No 3) [2014] FCA 753 • Re ELMO Software Ltd [2023] NSWSC 12 • Re GBST Holdings Ltd [2019] NSWSC 1503 • Re Pendal Group Ltd (No 3) [2023] NSWSC 14 • Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 • Re Seven Network Ltd (No 3) (2010 ) 267 ALR 583 • Re Sierra Mining Ltd [2014] FCA 694 • Re Staging Connections Group Ltd (No 2) [2015] FCA 1102 • Re Texon Petroleum Ltd (No 2) [2013] FCA 147 Category: Principal judgment Parties: ELMO Software Ltd (Plaintiff) Representation: Counsel: M Izzo SC/E Bathurst (Plaintiff) J Williams SC (Acquirer)