In the matter of Genex Power Limited (No 2) [2024] NSWSC 954

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Genex Power Limited (No 2) [2024] NSWSC 954 Hearing dates: 19 July 2024 Date of orders: 19 July 2024 Decision date: 05 August 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), s 411 Cases Cited: - Centro Properties Ltd v PricewaterhouseCoopers (2011) 86 ACSR 584; [2011] NSWSC 1465 - Re Altium Ltd [2024] NSWSC 736 - Re Amcor Ltd (No 2) [2019] FCA 842 - Re Anaconda Nickel Holdings Pty Ltd (2003) 44 ACSR 229; [2003] WASC 19 - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re Bellamy's Australia Ltd [2019] NSWSC 1889 - Re Capilano Honey Ltd (No 2) (2018) 132 ACSR 332; [2018] FCA 1925 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Coca-Cola Amatil Ltd [2021] NSWSC 489 - Re CSR Ltd (2010) 183 FCR 358; 265 ALR 703; 77 ACSR 592; [2010] FCAFC 34 - Re Ellerston Global Investments Ltd [2020] NSWSC 1108 - Re GBST Holdings Ltd [2019] NSWSC 1503 - Re Genex Power Limited (No 2) [2024] NSWSC 752 - Re InvoCare Ltd (No 2) [2023] NSWSC 1350 - Re Ovato Print Pty Ltd [2020] NSWSC 1882 - Re Pendal Group Ltd (No 3) [2023] NSWSC 14 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601; [2002] NSWSC 1177 - Re Prime Infrastructure Holdings Ltd [2010] NSWSC 1337 - Re Redcape Property Fund Ltd and the Trust Company (RE Services) Ltd (as the responsible entity for the Redcape Property Trust) [2012] NSWSC 486 at [7] - Re Seven Network (No 3) (2010) 267 ALR 583; [2010] FCA 400 - Re Signature Capital Investments Ltd (No 2) [2016] FCA - Re Solution 6 Holdings Ltd (2004) 50 ACSR 113; [2004] FCA 1049 - Re Tassal Group Ltd (No 2) [2022] NSWSC 1619 - Re Telstra Corp Ltd (No 2) (2022) 163 ACSR 543; [2022] NSWSC 1460 Category: Principal judgment Parties: Genex Power Limited (Plaintiff) Representation: Counsel: J Williams SC/B Ng (Plaintiff) M Izzo SC (Bidder)