A scheme of arrangement under s 411 that effects a share-for-share exchange with a foreign-incorporated company will be approved where shareholders are properly informed, the statutory majority is achieved, ASIC provides a statement of no objection under s 411(17)(b), and the FIRB has been notified and raises no objection. An exemption under s 411(12) from the s 411(11) requirement to annex the court order to the constitution is appropriate where the scheme does not modify shareholder or creditor rights.
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2 of the 61 citing cases carry a classified treatment. How each court treated it is available to signed-in members.