24 May 2016
MICHAEL HILL INTERNATIONAL LTD [2016] NZHC 1114
- Citation
- [2016] NZHC 1114
- Court
- High Court
The Court held the proposed arrangement is of a type eligible for consideration under Part 15; because the overseas shareholders who may be unable to participate cannot be practically identified at this stage, and their differentiation does not destroy a community of interest, the Court will treat the proposed two interest classes as acceptable subject to enhanced disclosure about overseas shareholders; the Court directed amendment of the scheme booklet and filing of amended application and will grant the without‑notice interlocutory relief upon receipt of those amended documents.