In the matter of Intersnack Mid Co Pty Ltd [2023] NSWSC 1549

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Intersnack Mid Co Pty Ltd [2023] NSWSC 1549 Hearing dates: 1 December 2023 Date of orders: 1 December 2023 Decision date: 12 December 2023 Jurisdiction: Equity - Corporations List Before: Black J Decision: Orders convening scheme meetings and ancillary orders made. Catchwords: CORPORATIONS – Arrangements and reconstructions – Schemes of arrangement or compromise – Application under s 411 of the Corporations Act 2001 (Cth) for orders convening meetings of members to consider and, if thought fit, to agree to proposed schemes of arrangement to implement corporate restructuring – Whether requirements to order scheme meetings are satisfied. Legislation Cited: - Corporations Act 2001 (Cth), Pt 5.1, ss 411, 412, 413, 1319 - Corporations Regulations 2001 (Cth), sch 8, Pt 3, cl 8303 Cases Cited: - AGL Energy Services (Queensland) Pty Limited v AGL Energy Services Pty Ltd [2010] FCA 452 - Barrick (Australia Pacific Exploration) Pty Ltd v Barrick (PD) Australia Pty Ltd, in the matter of Barrick (Australia Pacific Exploration) Pty Ltd [2017] FCA 998 - Barrick (Australia Pacific Exploration) Pty Ltd v Barrick (PD) Australia Pty Ltd (2017) 122 ACSR 553; [2017] FCA 1076 - Equatorial Mining Pty Ltd v Antofagasta Investment Company Ltd [2013] FCA 1452 - JP Morgan Operations Australia Ltd v JP Morgan Australia Group Pty Ltd [2018] FCA 1131 - Legrand Australia Pty Ltd v HPM Industries Pty Ltd (No 2) [2009] FCA 1239 - Lendlease RL (Rowville) Pty Ltd v Lendlease Capital Services Pty Ltd (No 2) [2018] FCA 1601 - Re Afterpay Ltd [2021] NSWSC 1640 - Re Anglo-Gaelic Investments Pty Ltd [2019] NSWSC 441 - Re Application of AGL Sydney Ltd (1994) 13 ACSR 597 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Orica Ltd [2010] VSC 231 - Re Ovato Print Pty Ltd [2020] NSWSC 1882 - Re Telstra Corporation Ltd [2022] NSWSC 1180 - Royal Victorian Institute for the Blind Ltd v RBS.RVIB.VAF Ltd (2004) 206 ALR 581 - SGIC Insurance Ltd v Insurance Australia Ltd (2004) 51 ACSR 470 - Warrnambool Cheese and Butter Factory Company Ltd v Warrnambool Cheese and Butter Factory Company Holdings Ltd [2017] FCA 302 - Woolworths Group Ltd v Pinnacle Liquor Group Pty Ltd, in the matter of Woolworths Group Ltd [2019] FCA 1810 Category: Principal judgment Parties: Intersnack Mid Co Pty Ltd and others as named in the Schedule of the Originating Process (Plaintiffs) Snack Foods Pty Ltd (First Defendant) Intersnack ANZ Pty Ltd (Second Defendant) Representation: Counsel: S Scott (Plaintiffs)