In this weeks TGIF, we consider the recent case of Vita Group Ltd, in the matter of Vita Group Ltd [2023] FCA 400, in which his Honour Justice Jackman outlined practical changes to the way schemes of arrangement should be implemented through the Federal Court to make them simpler, faster and more cost efficient.
Key takeaways
- On the initiative of Justice Jackman, the Federal Court of Australia (the Court) is simplifying the scheme of arrangement process by clearing away more than a decade of encrusted practice and case law.
- A new practice note is in the making, which is expected to draw on observations made by Jackman J in Vita Group Ltd, in the matter of Vita Group Ltd [2023] FCA 400 (Vita Group) relating to improving the efficiency …
Read the full article at: https://www.corrs.com.au/insights/australian-schemes-done-quickly-inexpensively-and-efficiently