CodeWord Issue 18 - December 2006

In this issue

Dominion Income Property Fund Limited Scheme of Arrangement

Policy backgroundThe Takeovers Panel has been concerned for some time about the increasing use of schemes of arrangement under the Companies Act as a ...

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The Panel’s first action in the High Court in Auckland

The Panel was concerned that the initial Court orders could result in the scheme being approved by a small number of shareholders because the 75% majo...

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Court of Appeal decision

Dominion Group appealed the decision and a Court of Appeal fixture was obtained on an urgent basis for 26 October 2006. The one-day hearing was before...

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Outcomes and Future Policy

Voting outcome and final orders by the High CourtThe postal voting period ended on 17 November 2006. Later that evening the Panel was advised of the o...

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