In the matter of Wiggins Island Coal Export Terminal Pty Ltd [2018] NSWSC 1434

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Wiggins Island Coal Export Terminal Pty Ltd [2018] NSWSC 1434 Hearing dates: 11 September 2018 Decision date: 21 September 2018 Jurisdiction: Equity - Corporations List Before: Black J Decision: The scheme of arrangement between the Plaintiff and the Senior Financiers is approved under s 411 of the Corporations Act 2001 (Cth). Catchwords: CORPORATIONS – arrangements and reconstructions – schemes of arrangement or compromise – application under s 411 of the Corporations Act 2001 (Cth) for orders approving proposed scheme of arrangement – whether scheme is fair and reasonable so that an intelligent and honest member of the relevant class, properly informed and acting alone, might approve it. Legislation Cited: - Corporations Act 2001 (Cth) s 411 Cases Cited: - Re Atlas Iron Ltd (No 2) [2016] FCA 481 - Re BIS Finance Pty Ltd [2018] NSWSC 3 - Re Boart Longyear Limited (No 2) [2017] NSWSC 1105 - Re Centro Properties Ltd (in its capacity as responsible entity of Centro Property Trust) [2011] NSWSC 1465; (2011) 86 ACSR 584 - Re CSR Ltd [2010] FCAFC 34; (2010) 183 FCR 358; 77 ACSR 592 - Re David Jones Ltd (No 3) [2014] FCA 753 - Re Seven Network Ltd (No 3) [2010] FCA 400; (2010) 267 ALR 583 - Spark Infrastructure Holdings No 1 Limited [2010] NSWSC 1497; (2010) 79 NSWLR 756; (2010) 81 ACSR 511 - Re Wiggins Island Coal Export Terminal Pty Ltd [2018] NSWSC 1342 Category: Principal judgment Parties: Wiggins Island Coal Export Terminal Pty Ltd (Plaintiff) Representation: Counsel: J Lockhart SC/M Izzo (Plaintiff) J R Williams (Senior Financiers)