In the matter of Logan Group - Sanction Judgment
Sanction of a scheme of arrangement pursuant to section 86 of the Companies Act (2026 Revision) – the 8 hurdles (1) compliance with convening order (2) statutory majority (3) fair and adequate representation (4) acting bona fide (5) scheme of arrangement for a permissible purpose and fairness of the scheme to an intelligent and honest person (6) absence of blots or defects (7) court not acting in vain (8) discretion – relevant law – general approach – specific issues – releases – long stop dates – modification clauses and indemnification – class composition issues – lock up agreements, consent fees, work fees and waiver of accrued interest – information to creditors – international dimension and utility
| Neutral Citation | [2026] CIGC (FSD) 65 |
|---|---|
| Cause Number | FSD 0127/2026 (DDJ) |
| Court | CIGC (FSD) |
| Judge | Doyle J |
| Parties | In the matter of Logan Group - Sanction Judgment |
| Judgment Date | 2026-08-10 |
| Subject | Sanction of a scheme of arrangement pursuant to section 86 of the Companies Act (2026 Revision) – the 8 hurdles (1) compliance with convening order (2) statutory majority (3) fair and adequate representation (4) acting bona fide (5) scheme of arrangement for a permissible purpose and fairness of the scheme to an intelligent and honest person (6) absence of blots or defects (7) court not acting in vain (8) discretion – relevant law – general approach – specific issues – releases – long stop dates – modification clauses and indemnification – class composition issues – lock up agreements, consent fees, work fees and waiver of accrued interest – information to creditors – international dimension and utility |
| Filename (current) | FSD01272026LOGANGROUPSANCTIONJUDGMENT.pdf |
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