In the matter of Damstra Holdings Limited [2024] NSWSC 425

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Damstra Holdings Limited [2024] NSWSC 425 Hearing dates: 16 April 2024 Date of orders: 16 April 2024 Decision date: 19 April 2024 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, 1322 Cases Cited: - Nenna v Australian Securities and Investments Commission (2011) 198 FCR 32; [2011] FCA 1193 - Re Amcor Ltd (No 2) [2019] FCA 842 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Coca-Cola Amatil Ltd [2021] NSWSC 489 - Re Damstra Holdings Ltd [2024] NSWSC 284 - Re Ellerston Global Investments Ltd [2020] NSWSC 1108 - Re Fairfax Media Limited (No 2) (2018) 366 ALR 516; [2018] FCA 1930 - Re New Cap Reinsurance Corporation Ltd (in liq) [2013] NSWSC 1170 - Re Pendal Group Ltd (No 3) [2023] NSWSC 14 - Re QT Mutual Bank Ltd (No 2) [2016] QSC 265 - Re Redcape Property Fund and the Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 - Re Seven Network Ltd (No 3) (2010) 267 ALR 583; (2010) 77 ACSR 701; [2010] FCA 400 - Re Statewide Office Furniture Pty Ltd (2015) 293 FLR 275; [2015] NSWSC 142 - Winpar Holdings Ltd v Goldfields Kalgoorlie Ltd (2001) 166 FLR 144; (2001) 40 ACSR 221; [2001] NSWCA 427 Category: Principal judgment Parties: Damstra Holdings Limited (Plaintiff) Representation: Counsel: M Izzo SC/J Taylor (Plaintiff) N M Bender SC (Acquirer)