In the matter of Anglo-Gaelic Investments Pty Ltd and others [2019] NSWSC 441

Supreme Court New South Wales

Medium Neutral Citation: In the matter of Anglo-Gaelic Investments Pty Ltd and others [2019] NSWSC 441 Hearing dates: 21 March 2019; 9 April 2019. Decision date: 17 April 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: First Court Hearing Orders made convening scheme meetings and approving the scheme booklet for distribution to the member(s) of each Plaintiff.

Second Court Hearing Orders made approving the schemes of arrangement and ancillary orders made. Catchwords: CORPORATIONS – scheme of arrangement – application for orders approving a scheme booklet and to convene scheme meeting – whether requirements to order scheme meeting are satisfied.

CORPORATIONS – scheme of arrangement – application for orders approving scheme of arrangement – where scheme of arrangement passed by all members – whether court should exercise its discretion in approving the scheme of arrangement. Legislation Cited: - ASIC Corporations (Wholly-owned Companies) Instrument 2016/785 - Corporations Act 2001 (Cth) Pt 5.1, ss 9, 411, 411(1), 411(4)(a)(ii)(A), 411(4)(a)(ii)(B), 411(11), 411(12), 411(17)(b), 412(6), 413, 413(1), 413(1)(d), 1319, 1322(2) Cases Cited: - All Star Funds Management Limited v Ventura Investment Management Ltd [2012] FCA 527 Equatorial Mining Pty Ltd v Antofagasta Investment Co Ltd [2013] FCA 1452 - Fowler v Lindholm [2009] FCAFC 125; (2009) 178 FCR 563 - JP Morgan Operations Australia Limited v JP Morgan Australia Group Pty Limited, in the matter of JP Morgan Operations Australia Limited [2018] FCA 1131 - Macquarie Equipment Finance Pty Ltd v Macquarie Bank Ltd [2012] FCA 1212 - Nicron Resources Ltd v Catto (1992) 8 ACSR 219 - Re AGL Sydney Limited (1994) 13 ACSR 597 - Re Anaconda Nickel Holdings Pty Ltd [2003] WASC 19; (2003) 44 ACSR 229 - Re Associated Advisory Practices Limited [2013] FCA 761 - Re Central Pacific Minerals NL [2002] FCA 239 - Re Clydesdale Bank Ltd [1950] SC 30 - Re David Jones Ltd (No 3) [2014] FCA 753 - Re Equinox Resources Ltd [2004] WASC 143; (2004) 49 ACSR 692 - Re Green and Gold Foods Pty Ltd (Unreported, Supreme Court of New South Wales, Santow J, 9 June 1998) - Re NRMA Ltd (No 1) (2000) 156 FLR 349 - Re Permanent Trustee Co Ltd (2002) 43 ACSR 601 - Re Seven Network Ltd (No 3) [2010] FCA 400; (2010) 77 ACSR 701 - Re South African Supply and Cold Storage Co [1904] 2 Ch 268 - Royal Victorian Institute for the Blind Ltd v RBS.RVIB.VAF Ltd (2004) 206 ALR 581 - SGIC Insurance Ltd v Insurance Australia Ltd (2004) 51 ACSR 470 - Stork ICM Australia Pty Ltd v Stork Food Systems Australasia Pty Ltd [2006] FCA 1849 Category: Principal judgment Parties: Anglo-Gaelic Investments Pty Ltd and others (Plaintiffs) Lion Pty Ltd and another (Defendants) Representation: Counsel: I M Jackman SC (Plaintiffs)