In the matter of TPG Telecom Limited

[2020] NSWSC 772

Supreme Court of NSW

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Interrogate

Catchwords

1. Corporations
2. › Arrangements and reconstructions
3. › Schemes of arrangement
4. › Application to convene scheme meeting
5. › Whether requirements to order scheme meeting satisfied
6. › Whether scheme of such nature Court would likely approve if statutory majority achieved
7. › Corporations Act 2001 (Cth), s 411
1. Corporations
2. › Arrangements and reconstructions
3. › Schemes of arrangement
4. › Scheme booklet
5. › Adequacy of disclosure to members
6. › Exclusivity provisions
7. › Break fees
8. › Treatment of ineligible foreign shareholders
1. Corporations
2. › Arrangements and reconstructions
3. › Schemes of arrangement
4. › Conduct of scheme meeting during COVID-19 pandemic
5. › Virtual attendance at meetings
6. › Corporations Act 2001 (Cth), s 249S
7. › Corporations (Coronavirus Economic Response) Determination (No. 1) 2020, cl 5(1)

Quick Take

The case confirms the established requirements for convening a scheme meeting under s 411 of the Corporations Act and illustrates the Court's acceptance of virtual meeting arrangements during the COVID-19 pandemic, including reliance on s 249S and the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 to authorise online attendance at scheme meetings.