NSW Caselaw
Supreme Court New South Wales
Medium Neutral Citation: In the matter of TASK Group Holdings Limited [2024] NSWSC 646 Hearing dates: 28 May 2024 Date of orders: 28 May 2024 Decision date: 28 May 2024 Jurisdiction: Equity - Corporations List Before: Gleeson J Decision: Orders made for convening meeting Catchwords: CORPORATIONS – compromise and arrangement – scheme of arrangement – transfer scheme – offer of mixed consideration – election between cash and scrip or combination of both – first court hearing – assessment of procedural and substantive requirements – whether orders convening meeting of members should be made Legislation Cited: Corporations Act 2001 (Cth), s 411 Securities Act of 1933, Pt 3 of Sch 8 of the (US), s 3(a)(10) Supreme Court (Corporations) Rules, rr 1.3, 2.4(1), 3.4 Supreme Court Corporations List Practice Note: SC-Eq 4 Uniform Civil Procedure Rules 2005 (NSW), r 36.11(2) Cases Cited: Re Arthur Yates & Co Ltd [2001] NSWSC 40; (2001) 36 ACSR 758 Re Cashcard Australia Limited [2004] FCA 223; (2004) 48 ACSR 738 Re Cirrus Networks Ltd [2023] NSWSC 1298 Re Crown Resorts Limited [2022] FCA 367 Re DWS Ltd [2020] FCA 1590; (2020) 148 ACSR 616 Re Foster's Group Limited [2011] VSC 547 Re Foundation Healthcare Ltd [2002] FCA 742; (2002) 42 ACSR 252 Re Healthscope Ltd [2019] FCA 542; (2019) 139 ACSR 608 Re Hills Motorway Management Ltd [2002] NSWSC 897; (2002) 43 ACSR 101 Re Hostworks Group Ltd [2008] FCA 64 Re Macquarie Private Capital A Pty Ltd [2008] NSWSC 323 Re NRMA Ltd [2000] NSWSC 82; (2000) 33 ACSR 595 Re Permanent Trustee Co Ltd [2002] NSWSC 1177; (2002) 43 ACSR 601 Re Villa World Limited [2019] NSWSC 1207; (2019) 139 ACSR 550 Texts Cited: Takeover Panel: Guidance Note 7 – Lock-up devices ASX Listing Rules, r 6.23.4 Category: Principal judgment Parties: TASK Group Holdings Limited (Plaintiff) PAR Global Australia Pty Ltd (Acquirer / Interested party) Representation: Counsel: I Ahmed SC (Plaintiff) M A Izzo SC (Acquirer / Interested party)
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