NSW Caselaw
Reported Decision : 49 ACSR 734
New South Wales Supreme Court
CITATION : Westfield Holdings Limited & Ors [2004] NSWSC 458 HEARING DATE(S) : 24/05/04, 25/05/04 JUDGMENT DATE : 25 May 2004
JURISDICTION: Equity Division Corporations List JUDGMENT OF : Barrett J DECISION : Order for convening meeting of members under s.411. Judicial advice that responsible entities justified in proceeding to meetings stage.
CATCHWORDS : CORPORATIONS - composite merger proposal involving scheme of arrangement between company and members and alteration of constitutions of managed investment schemes - application by company for order convening meeting of members - applications by responsible entities of registered managed investment schemes for judicial advice - approach to be taken by court at stage where meetings are sought - acceptability of procedure under which several meetings occur sequentially within a larger gathering - adoption of new constitution where full text not sent to members - need for deed poll to bind outsiders to perform LEGISLATION CITED : Corporations Act 2001 (Cth), s.411 Trustee Act 1925, s.63 Bancorp Investments Ltd v Primac Holdings Ltd (1984) 9 ACLR 263 Bulfin v Bebarfalds Ltd (1938) 39 SR (NSW) 423 Fraser v NRMA Holdings Ltd (1995) 55 FCR 452 MTM Funds Management Ltd v Cavalone Holdings Pty Ltd (2000) 35 ACSR 440 Re Buka Minerals Ltd (1983) 8 ACLR 507 Re Cranswick Premium Wines Ltd (2002) 44 ACSR 113 Re CSR Ltd (2003) 45 ACSR 34 Re Central Pacific Minerals NL [2002] FCA 239 CASES CITED : Re Foundation Healthcare Ltd (2002) 42 ACSR 252 Re GIO Building Society Ltd (2001) 39 ACSR 77 Re Glendale Land Development Ltd (1983) 7 ACLR 171 Re Homemaker Retail Management Ltd (2001) 187 ALR 520 Re Mirvac Ltd (1999) 32 ACSR 118 Re NRMA Insurance Ltd (2000) 33 ACSR 523 Re Ranger Minerals Ltd (2002) 42 ACSR 582 Re The Hills Motorway Ltd (2002) 43 ACSR 101 Toal v Aquarium Platinum Ltd [2004] FCA 550 Westfield Holdings Limited - Plaintiff (1) PARTIES : Westfield Management Limited - Plaintiff (2) Westfield America Management Limited - Plaintiff (3) FILE NUMBER(S) : SC 2901/04 (1); 2900/04 (2); 2899/04 (3) COUNSEL : Mr T F Bathurst QC - Plaintiff (1) Mr I M Jackman SC - Plaintiff (2) and (3) Mallesons Stephen Jaques - Plaintiff (1) SOLICITORS : Speed & Stracey Lawyers Pty Limited - Plaintiff (2) Minter Ellison - Plaintiff (3)
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