Orion Telecommunications Limited, in the matter of Orion Telecommunications Limited [2007] FCA 1389

Orion Telecommunications Limited, in the matter of Orion Telecommunications Limited [2007] FCA 1389

Having regard to the satisfaction of statutory and procedural requirements, proper disclosure, approval by directors, the fairness of the scheme as assessed by an independent expert, and considered case law, it is appropriate to grant orders convening a meeting of shareholders to consider the scheme of arrangement.

Jurisdiction
Australia
Judgment Date
04 September 2007
Procedural Posture
Scheme of Arrangement / Application for Orders Convening Shareholders' Meeting
Outcome
Orders made convening a meeting of ordinary shareholders to consider the proposed scheme of arrangement.
Legal Topics
['scheme of Arrangement' 'shareholder Meeting' 'corporate Acquisition']
['corporations Law'] ['scheme of Arrangement' 'shareholder Meeting' 'corporate Acquisition']

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Procedural Posture

Scheme of Arrangement / Application for Orders Convening Shareholders' Meeting

Legal Issues

  1. 1 ['Whether to grant orders convening a meeting of shareholders to consider a scheme of arrangement under s 411 of the Corporations Act 2001 (Cth)' 'Whether procedural and substantive requirements for convening meeting are satisfied']

Ratio Decidendi

Having regard to the satisfaction of statutory and procedural requirements, proper disclosure, approval by directors, the fairness of the scheme as assessed by an independent expert, and considered case law, it is appropriate to grant orders convening a meeting of shareholders to consider the scheme of arrangement.

Court Disposition

Orders made convening a meeting of ordinary shareholders to consider the proposed scheme of arrangement.

Orders

  • ['Meeting of ordinary shareholders of Orion Telecommunications Limited to be convened to consider the proposed scheme of arrangement.']