In the matter of Vonex Limited [2024] NSWSC 1075

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Vonex Limited [2024] NSWSC 1075 Hearing dates: 20 August 2024 Date of orders: 20 August 2024 Decision date: 23 August 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 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 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 Hills Motorway Ltd (2002) 43 ACSR 101; [2002] NSWSC 897 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Origin Energy [2023] NSWSC 1246 - Re Pacific Smiles Group Ltd [2024] NSWSC 812 - Re ResApp Health Ltd [2022] NSWSC 1353 - Re Vocus Group Ltd [2021] NSWSC 630 - Re Webcentral Group Ltd [2020] NSWSC 1279 - Re Westfield Holdings Ltd (2004) 49 ACSR 734; [2004] NSWSC 458 Category: Principal judgment Parties: Vonex Limited (Plaintiff) Maxo Telecommunications Pty Ltd (Bidder) Representation: Counsel: Ms B Ng (Plaintiff) Mr O Jones (Bidder)