In the matter of Sunland Group Limited [2024] NSWSC 1591

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Sunland Group Limited [2024] NSWSC 1591 Hearing dates: 3 December 2024 Date of orders: 3 December 2024 Decision date: 11 December 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 254T, 260A, 411 Cases Cited: - Australian Securities Commission v Marlborough Gold Mines Ltd (1993) 177 CLR 485 - FT 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 Arthur Yates & Co Ltd (2001) 36 ACSR 758; [2001] NSWSC 40 - Re Asaleo Care Ltd [2021] FCA 406 - Re Atlas Iron Ltd (2016) 112 ACSR 554 - Re Citadel Group Ltd (2020) 148 ACSR 598 - Re CSR Ltd (2010) 183 FCR 358; [2010] FCAFC 34 - Re Ellerston Global Investments Ltd [2020] NSWSC 879 - Re Foundation Healthcare Ltd (2002) 42 ACSR 252 - Re InvoCare Ltd [2023] NSWSC 1180 - Re Isentia Group Ltd [2021] NSWSC 910 - Re Legend Corporation Ltd [2019] FCA 1249 - Re Origin Energy Ltd [2023] NSWSC 1246 - Re Pacific Smiles Group Ltd [2024] NSWSC 812 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re TPG Telecom Ltd [2020] NSWSC 772 Re Villa World Ltd [2019] NSWSC 1207 - Re Vocus Group Ltd [2021] NSWSC 630 Category: Principal judgment Parties: Sunland Group Limited (Plaintiff) Representation: Counsel: V Whittaker/R Jameson (Plaintiff) O Jones (Bidder)