Australia, April 14 -- New South Wales Land and Environment Court issued text of the following judgement on March 17:
1. By Originating Process filed on 30 January 2025, the Plaintiff, SG Fleet Group Ltd ("SG Fleet") seeks orders under ss 411 and 1319 of the Corporations Act 2001 (Cth) ("Act") in relation to a proposed scheme of arrangement between SG Fleet and its shareholders, including that it convene meetings of two classes of its shareholders to consider the scheme; that an explanatory statement be approved to accompany the notices of meeting; and to address ancillary matters.
2. By way of background, SG Fleet provides fleet management solutions including vehicle leasing, salary packaging and novated lease finance services in all jur...