In the matter of McGrath Limited [2024] NSWSC 555

Supreme Court New South Wales

Medium Neutral Citation: In the matter of McGrath Limited [2024] NSWSC 555 Hearing dates: 7 May 2024 Date of orders: 7 May 2024 Decision date: 10 May 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 - Supreme Court (Corporations) Rules 1999 (NSW) r 3.2 Cases Cited: - Re Aveo Group Ltd [2019] NSWSC 1348 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re Cashcard Australia Ltd (2004) 48 ACSR 738; [2004] FCA 223 - Re DWS Ltd (2020) 148 ACSR 616; [2020] FCA 1590 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Healthia Ltd [2023] NSWSC 1296 - Re Hills Motorway Ltd (2002) 43 ACSR 1010; [2002] FCA 973 - Re Kidman Resources Ltd (2019) 139 ACSR 112; [2019] FCA 1226 - Re Millennium Services Group Ltd [2024] NSWSC 307 - Re Nzuri Copper Ltd [2019] WASC 189 - Re Spark Infrastructure RE Ltd [2021] NSWSC 1564 - Re Sydney Airport Ltd and Trust Co (Sydney Airport) Ltd as responsible entity for Sydney Airport Trust 1 [2022] NSWSC 25 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 - Re Webster Ltd [2019] NSWSC 1907 Category: Principal judgment Parties: McGrath Limited (Plaintiff) Representation: Counsel: P M Wood (Plaintiff) B A Ng (Bidder)