In the matter of Silver Lake Resources Limited [2024] NSWSC 631

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Silver Lake Resources Limited [2024] NSWSC 631 Hearing dates: 24 April 2024 Date of orders: 24 April 2024 Decision date: 24 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 - Securities Act 1933 (US) s 3(a)(10) - Supreme Court (Corporations) Rules 1999 (NSW) Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485; [1993] HCA 15 - F T Eastment & Sons Pty Ltd v Metal Roof Decking Supplies Pty Ltd (1977) 3 ACLR 69 - Re Amcor Ltd [2019] FCA 346 - Re Amcor Ltd (No 2) [2019] FCA 842 - Re Ansararda Group Ltd [2024] NSWSC 411 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Aveo Group Ltd and Aveo Funds Management Ltd [2019] NSWSC 1348 - Re BINGO Industries Ltd [2021] NSWSC 798 - Re Cashcard Australia Ltd (2004) 48 ACSR 738; [2004] FCA 223 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Intega Group Ltd [2021] NSWSC 1434 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Kidman Resources Ltd (2019) 375 ALR 760 - Re Link Administration Holdings Ltd [2024] NSWSC 331 - Re Mainstream Group Holdings Ltd [2021] FCA 948 - Re Orion Telecommunications Ltd [2007] FCA 1389 - Re Pendal Group Ltd (No 2) [2022] NSWSC 1648 - Re Probiotec Ltd [2024] FCA 298 - Re RXP Services Ltd [2021] FCA 38 - Re SMS Management & Technology Ltd [2017] VSC 257 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Sundance Energy Australia Ltd [2019] FCA 1944 - Re Villa World Ltd (2019) 139 ACSR 550; [2019] NSWSC 1207 - Re Wesfarmers Ltd [2018] WASC 308 Category: Principal judgment Parties: Silver Lake Resources Limited (Plaintiff) Representation: Counsel: M Izzo SC (Plaintiff) T E O'Brien (Bidder)