In the matter of Pacific Smiles Group Limited [2024] NSWSC 812

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Pacific Smiles Group Limited [2024] NSWSC 812 Hearing dates: 25 June 2024 Date of orders: 25 June 2024 Decision date: 02 July 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 110D-110E, 260A, 411, 1319 - Supreme Court (Corporations) Rules 1999 (NSW) rr 2.4, 3.3-4 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 Altium Ltd [2024] NSWSC 736 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Asaleo Care Ltd [2021] FCA 406 - Re Blackmores Ltd [2023] FCA 624 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re ELMO Software Pty Ltd [2023] NSWSC 12 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252; [2002] FCA 742 - Re Genex Power Ltd [2024] NSWSC 752 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Isentia Group Ltd [2021] NSWSC 910 - Re MyDeal.com.au Ltd [2022] NSWSC 1094 - Re Nzuri Copper Ltd (No 4) [2020] WASC 10 - Re Origin Energy Ltd [2023] NSWSC 1246 - Re Oz Minerals Ltd [2023] FCA 197 - Re ResApp Health Ltd [2022] NSWSC 135 - Re Sirtex Medical Ltd [2018] FCA 1315 - Re Tatts Group Ltd [2017] VSC 552 - Re TPG Telecom Ltd [2020] NSWSC 772 - Re Trust Co (Re Services) Ltd as responsible entity of VitalHarvest Freehold Trust [2021] NSWSC 108 - Re Villa World Ltd [2019] NSWSC 1207 - Re Village Roadshow Ltd [2020] FCA 1669 - Re Vocus Group Ltd [2021] NSWSC 630 Category: Principal judgment Parties: Pacific Smiles Group Limited (Plaintiff) Representation: Counsel: M Izzo SC/M E Taylor (Plaintiff) J Lockhart SC (Bidder)