Australia, March 20 -- New South Wales Land and Environment Court issued text of the following judgement Feb. 20:
1. By Originating Process filed on 20 December 2024, the Plaintiff, Mason Stevens Group Limited ("MSL") 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, MSL is an unlisted public company limited by shares which conducts business as a specialist wealth management platform provider with a focus on managed discretionary accounts. On 18 December 2024, MSL entered into a Scheme Implementation Deed ("SID") with BidCo Pty Limited ("Bidco") and notified its shareholders of that matter by email and press releas...