In the matter of ERM Power Limited [2019] NSWSC 1502

Supreme Court New South Wales

Medium Neutral Citation: In the matter of ERM Power Limited [2019] NSWSC 1502 Hearing dates: 4 October 2019 Date of orders: 04 October 2019 Decision date: 04 November 2019 Jurisdiction: Equity - Corporations List Before: Black J Decision: Order made convening scheme meeting and approving the scheme booklet for distribution to shareholders. Catchwords: CORPORATIONS – arrangements and reconstructions – schemes of arrangement or compromise – application under s 411 of the Corporations Act 2001 (Cth) for orders convening meetings of members to consider and, if thought fit, to agree to proposed scheme of arrangement – whether requirements to order scheme meeting is satisfied. Legislation Cited: - Corporations Act 2001 (Cth) Pt 5.1; ss 411, 411(17), 1319 - Supreme Court (Corporations) Rules 1999 (NSW) 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 Amcom Telecommunications Ltd [2015] FCA 341 - Re APN News & Media Ltd [2007] FCA 770; (2007) 62 ACSR 400 - Re Ardent Leisure Ltd [2018] NSWSC 1665 - Re Arthur Yates & Co Ltd (2001) 36 ACSR 758 - Re Atlassian Corporation Pty Ltd [2013] FCA 1451 - Re AXA Asia Pacific Holdings Ltd [2011] VSC 4 - Re Boart Longyear Ltd [2017] NSWSC 567 - Re Coles Group Ltd [2007] VSC 389; (2007) 25 ACLC 1380 - Re CSR Ltd (2010)183 FCR 358 - Re Folkestone Ltd [2018] FCA 1412 - Re Foster's Group Ltd (No 2) [2011] VSC 547 - Re Foundation Healthcare Ltd [2002] FCA 742; (2002) 42 ACSR 252 - Re GBST Holdings Ltd [2019] NSWSC 1280 - Re Gerard Lighting Group Ltd [2012] FCA 941 - Re Healthscope Ltd [2010] VSC 367 - Re Hellenic & General Trust Ltd [1975] 3 All ER 382 - Re Hostworks Group Ltd [2008] FCA 64; (2008) 26 ACLC 137 - Re Intecq Ltd [2016] NSWSC 1429 - Re Kidman Resources Ltd [2019] FCA 1226 - Re Macquarie Private Capital A Ltd [2008] NSWSC 323 - Re Mosaic Oil NL (No 2) (2010) 80 ACSR 281 - Re Opes Prime Stockbroking Ltd [2009] FCA 813; (2009) 179 FCR 20 - Re SMS Management & Technology Ltd [2017] VSC 257 - Re Staging Connections Group Ltd [2015] FCA 1012 - Re Tawana Resources NL [2018] FCA 1456 - Re The Trust Company Ltd [2013] NSWSC 1680 - Re Villa World Ltd [2019] NSWSC 1207 - Re Viralytics Ltd [2018] FCA 637 - Re Wiggins Island Coal Export Terminal Pty Ltd [2018] NSWSC 1342 - Re Wridgways Australia Ltd [2010] FCA 1187 - Sovereign Life Assurance Company v Dodd [1892] 2 QB 573 Texts Cited: - T Damian and A Rich, Schemes, Takeovers and Himalayan Peaks: The Use of Schemes of Arrangement to Effect Change of Control Transactions (Herbert Smith Freehills, 3rd ed, 2013) Category: Principal judgment Parties: ERM Power Limited (Plaintiff) Shell Energy Australia Pty Limited (Interested Party) Representation: Counsel: P M Wood (Plaintiff) G J Ahern (Interested Party)