- AGL Energy Services (Queensland) Pty Limited v AGL Energy Services Pty Ltd
[2023] NSWSC 1549
At a glance
Source factsCourt
Supreme Court of NSW
Decision date
2023-12-01
Before
Black J
Source
Original judgment source is linked above.
Judgment (7 paragraphs)
Solicitors: K & L Gates (Plaintiffs) File Number(s): 2023/430092
Nature of the application and background
- By Originating Process filed on 28 November 2023 the Plaintiffs, Intersnack Mid Co Pty Ltd ("Intersnack Mid Co") and others as named in the Schedule of the Originating Process seek orders under ss 411 and 413 of the Corporations Act 2001 (Cth) ("Act") to convene a meeting to consider schemes of arrangement between each of the Plaintiff companies and its respective shareholder or, in the case of one Plaintiff company, its two shareholders. Broadly, the proposed schemes of arrangement provide for the transfer of the undertaking, property and liabilities the subject of the schemes of arrangement from the Plaintiff companies to the Defendants, Snack Foods Pty Ltd ("Snack Foods") (which is wholly owned by Consolidated Snacks Pty Ltd ("Consolidated Snacks")) and Intersnack ANZ Pty Ltd ("Intersnack ANZ"). The Plaintiff companies, Intersnack ANZ, Snack Foods and the shareholders in those companies are all part of the same corporate group and are direct or indirect wholly owned subsidiaries of Intersnack International B.V. Directions are also sought under s 1319 of the Act as to the conduct of the scheme meetings. At the second Court hearing, an order will be sought approving the schemes of arrangement and giving effect to the proposed transfer of the undertaking, property and liabilities the subject of the schemes from the Plaintiff companies to Snack Foods and Intersnack ANZ.