In the matter of Damstra Holdings Limited [2024] NSWSC 284

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Damstra Holdings Limited [2024] NSWSC 284 Hearing dates: 8 March 2024 Date of orders: 8 March 2024 Decision date: 20 March 2024 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order convening scheme meeting and associated 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 meeting of members to consider and, if thought fit, to agree to proposed scheme of arrangement – Whether requirements to order scheme meeting are satisfied. Legislation Cited: - Corporations Act 2001 (Cth) ss 411, 1319 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Absolute Equity Performance Fund Ltd [2022] FCA 933 - Re Asaleo Care Ltd [2021] FCA 406 - Re Aston Resources Ltd [2012] FCA 229 - Re BIS Finance Ltd [2017] NSWSC 1713 - Re Blackmores Ltd [2023] FCA 624 - Re Chesser Resources Ltd [2023] FCA 1021 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 Re DWS Ltd [2020] FCA 1590 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Healthia Ltd [2023] NSWSC 1296 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Kidman Resources Ltd [2019] FCA 1226 - Re MAC Services Group Ltd (2010) 80 ACSR 390; [2010] NSWSC 1316 - Re Mitchell Communication Group Ltd [2010] VSC 423 - Re Oz Minerals Ltd [2023] FCA 197 - Re Sirtex Medical Ltd [2018] FCA 1315 - Re Sundance Energy Aus Ltd [2019] FCA 1944 - Re Tatts Group Ltd [2017] VSC 552 - Re Trust Co (RE Services) Ltd as responsible entity of VitalHarvest Freehold Trust [2021] NSWSC 108 - Re Villa World Ltd (2019) 139 ACSR 550 - Re Vocus Group Ltd [2021] NSWSC 630 Category: Principal judgment Parties: Damstra Holdings Limited (Plaintiff) Representation: Counsel: M Izzo SC/J Taylor (Plaintiff) N M Bender SC (Acquirer)