Australia, Feb. 9 -- New South Wales Land and Environment Court issued text of the following judgement on Jan. 14:
1. By Originating Process filed on 19 December 2024, the Plaintiff, Silk Logistics Holdings Limited ("Silk") applies for orders under ss 411 and 1319 of the Corporations Act 2001 (Cth) ("Act") relating to a proposed scheme of arrangement and associated orders.
2. By way of background, Silk is a logistics business listed on Australian Securities Exchange ("ASX") which provides integrated "port to door" services in Australia. On 11 November 2024, Silk announced to the ASX that it had signed a Scheme Implementation Deed ("SID") with DP World Australia Ltd ("DP World Australia") in respect of the proposed acquisition by DP World ...