EX-5.7 17 y93391a8exv5w7.htm EX-5.7 exv5w7
EXHIBIT 5.7
[Letterhead of Corrs Chambers Westgarth]
     
8 June 2012
   
 
   
To each of the persons specified in
  Contact
Schedule 1
  Amin Doulai +61 2 9210 6131
 
  Email: Amin.Doulai@corrs.com.au
 
   
 
  Partner
 
  Shaun McGushin +61 2 9210 6915
 
  Email: Shaun.McGushin@corrs.com.au
Dear Sirs
Registration Statement on Form F-4
1 Introduction
We have acted as Australian legal counsel to the Addressees in connection with the Transaction Documents.
We have been asked to provide this opinion regarding certain documents described below under the laws in force at the date of this opinion in the Relevant Jurisdictions. We express no opinion as to any laws other than the laws of the Relevant Jurisdictions.
This opinion relates solely to matters governed by, and should be interpreted in accordance with, the laws of the Relevant Jurisdictions as in force and as interpreted at 9.00 am Sydney time on the date of this opinion (the Opinion Date). We have no obligation to inform you of any change in any relevant law occurring after the Opinion Date. If the date of effectiveness of the Registration Statement (the Effectiveness Date) falls after the Opinion Date, and if requested by you on the Effectiveness Date, we will separately inform you of any change in any relevant law since the Opinion Date.
We understand that you will rely as to matters of the laws of the Relevant Jurisdictions, as applicable, upon this opinion in connection with the matters set out in this opinion. In addition, we understand that Debevoise will rely as to matters of the laws of the Relevant Jurisdictions, as applicable, upon this opinion in connection the matters set out in this opinion for the purposes of with an opinion to be rendered by it on or about the date of this opinion relating to the Company. In connection with the foregoing, we hereby consent to your and Debevoise’s reliance as to matters of the laws of the Relevant Jurisdictions, as applicable, upon this opinion.
We consent to the filing of this opinion as an exhibit to the Registration Statement on Form F-4 and to the reference to our firm under the heading “Validity of the Securities” in the prospectus contained therein. In giving such consent, we do not hereby concede that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the United States Securities and Exchange Commission thereunder.


 

8 June 2012
Registration Statement on Form F-4
2 Definitions
In this opinion:
Addressees means each person to whom this opinion is addressed.
ASIC means the Australian Securities and Investments Commission.
ASIC Search means the inspection of the records (which are not necessarily up to date) in extract form, which are available to the public from the online database of ASIC at or about 5.00pm (Sydney time) on 8 June 2012 in relation to the Company.
Company means Whakatane Mill Australia Pty Limited (Australian Company Number 143 793 659).
Court Searches means the inspection of the records of the following courts in relation to the Company (which are not necessarily up to date), which are available to the public and conducted on the dates specified below:
(a)   Federal Court of Australia (search conducted on 8 June 2012);
(b)   Supreme Court of New South Wales (search conducted on 5 June 2012);
(c)   Supreme Court of the Australian Capital Territory (search conducted on 7 June 2012);
(d)   Supreme Court of the Northern Territory (search conducted on 7 June 2012);
(e)   Supreme Court of Queensland (search conducted on 7 June 2012);
(f)   Supreme Court of South Australia (search conducted on 7 June 2012);
(g)   Supreme Court of Tasmania (search conducted on 7 June 2012);
(h)   Supreme Court of Victoria (search conducted on 7 June 2012); and
(i)   Supreme Court of Western Australia (search conducted on 7 June 2012).
Debevoise means the law firm of Debevoise & Plimpton LLP.
Director’s Certificates means each of the following certificates relating to the Company signed by Helen Golding, as director of the Company:
(a)   a director’s certificate dated 17 June 2010;
(b)   a director’s certificate dated 16 November 2010;
(c)   a director’s certificate dated 1 February 2011; and
(d)   a director’s certificate dated 8 September 2011.
Relevant Jurisdictions means the State of New South Wales, Victoria and the Commonwealth of Australia.
Securities Act means the Securities Act of 1933, as amended, of the United States of America.


 

8 June 2012
Registration Statement on Form F-4
Transaction Documents means each of the documents set out in Schedule 2.
If a word or phrase is defined, its other grammatical forms have corresponding meanings. Unless the contrary intention appears, the singular includes the plural and vice versa.
3 Documents
In connection with this opinion we have examined and rely on the following documents (which, in the case of copies, have been certified or otherwise identified to our satisfaction):
(a)   a counterpart of each Transaction Document (in PDF file format) executed by or on behalf of the Company;
(b)   the Director’s Certificates (in PDF file format), each containing:
  (i)   a copy of the certificate of registration and the constitution of the Company;
  (ii)   an extract of the written resolutions of the board of directors of the Company in relation to the execution and delivery of the relevant Transaction Documents; and
  (iii)   a power of attorney authorising the execution of the relevant Transaction Documents;
(c)   the ASIC Search; and
(d)   the Court Searches.
4 Opinion
Based on the assumptions and subject to the qualifications set out below, we are of the opinion that:
(a)   the Company has been duly incorporated and is validly registered and existing under the laws of the Relevant Jurisdictions;
(b)   the Company has power to enter into and to perform its obligations under each Transaction Document and has taken all necessary corporate and other action to authorise the execution, delivery and performance, in accordance with their respective terms, of each Transaction Document;
(c)   each Transaction Document has been validly executed by the Company; and
(d)   the execution, delivery and performance by the Company of each Transaction Document does not contravene or cause a breach or default under, and will not result in any contravention of, or breach or default under its constitution.


 

8 June 2012
Registration Statement on Form F-4
5 Assumptions
For the purposes of this opinion we have assumed (without making any investigation unless otherwise stated) that:
(a)   all dates and signatures are authentic;
(b)   all copies of documents submitted to us are complete and conform to the originals of those documents and that the documents referred to in paragraph 3(b) were in full force and effect as at the date of the written resolutions of the directors and the date the Transaction Documents were executed by the Company;
(c)   the powers of attorney annexed to the Directors Certificates have not been varied or revoked;
(d)   all facts stated in the documents, extracts of resolutions, certificates or other instruments referred to in paragraph 3 are and continue to be correct and no relevant matter has been withheld from us, whether deliberately or inadvertently;
(e)   we are entitled to make and rely on all of the assumptions specified in sections 129(2), 129(3), 129(4) and 129(7) of the Corporations Act 2001 (Cth) (as though there were relevant dealings with the Company) and on the basis that no partner or solicitor of this firm nor any other person is disqualified from making those assumptions;
(f)   in relation to the extract of written resolutions in paragraph 3, all provisions relating to the declaration of directors’ interests or the power of interested directors to vote were properly complied with; and
(g)   none of the parties to any of the Transaction Documents is conducting or will conduct any relevant transaction or any associated activity in a manner or for a purpose not evident on the face of the Transaction Documents which might render the Transaction Documents or any relevant transaction or associated activity illegal, void, voidable or unenforceable.
The making of each of the above assumptions indicates that we have assumed that each matter the subject of each assumption is true, correct and complete in every particular. That we have made an assumption in this opinion does not imply that we have made any enquiry to verify any assumption or are not aware of any circumstance which might affect the correctness of any assumption.
No assumption specified above is limited by reference to any other assumption.
6 Qualifications
Our opinion is subject to the following qualifications:
(a)   we express no opinion as to:
  (i)   the enforceability of the Transaction Documents;


 

8 June 2012
Registration Statement on Form F-4
  (ii)   whether the representations and warranties made or given or to be made or given by the Company in any Transaction Document are correct except in so far (and to the extent) as any such representation or warranty relates to a matter which is the subject of this opinion;
  (iii)   any agreement, document or other instrument referred to in, contemplated by or in any way connected with any Transaction Document, unless such agreement, document or other instrument is itself an Transaction Document; and
(b)   we have relied on the ASIC Search and the Court Searches, which did not reveal:
  (i)   that a liquidator, administrator, receiver or like person has been appointed to the Company; or
  (ii)   that there is a current application for the winding up of the Company,
    but we note that the records of ASIC and the relevant courts available for public search may not be complete or up to date.
Yours faithfully
Corrs Chambers Westgarth
/s/ Shaun McGushin
Shaun McGushin
Partner


 

8 June 2012
Registration Statement on Form F-4
SCHEDULE 1
Addressees
  1.   Reynolds Group Holdings Limited
Level Nine, 148 Quay Street
Auckland 1140
NEW ZEALAND
 
  2.   Reynolds Group Issuer Inc.
c/o National Registered Agents, Inc.
160 Greentree Drive, Suite 101
Dover Delaware 19904
UNITED STATES OF AMERICA
 
  3.   Reynolds Group Issuer LLC
c/o National Registered Agents, Inc.
160 Greentree Drive, Suite 101
Dover Delaware 19904
UNITED STATES OF AMERICA
 
  4.   Reynolds Group Issuer (Luxembourg) S.A.
6C Rue Gabriel Lippmann
L-5365 Munsbach
GRAND DUCHY OF LUXEMBOURG
 
  5.   Whakatane Mill Australia Pty Limited
Level 22
20 Bond Street
Sydney NSW 2000
AUSTRALIA


 

8 June 2012
Registration Statement on Form F-4
SCHEDULE 2
Transaction Documents
1.   Ninth Supplemental Indenture to the 7.75% Senior Secured Notes due 2016 Indenture, dated as of June 17, 2010, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, Whakatane Mill Australia Pty. Limited, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and original collateral agent and Wilmington Trust (London) Limited as additional collateral agent, dated June 17, 2010;
2.   First Supplemental Indenture to the 8.50% Senior Notes due 2018 Indenture, dated as of June 17, 2010, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, Beverage Packaging Holdings (Luxembourg) I S.A, Whakatane Mill Australia Pty. Limited and The Bank of New York Mellon, as trustee;
3.   First Senior Secured Notes Supplemental Indenture to the 7.125% Senior Secured Notes due 2019 Indenture, dated as of November 16, 2010, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent, and Wilmington Trust (London) Limited, as additional collateral agent;
4.   First Senior Notes Supplemental Indenture to the 9.000% Senior Notes due 2019 Indenture, dated as of November 16, 2010, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent;
5.   6.875% Senior Secured Notes due 2021 Indenture, dated as of February 1, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, collateral agent and registrar, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent;
6.   8.250% Senior Notes due 2021 Indenture, dated as of February 1, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., certain additional note guarantors listed thereto, The Bank of New York Mellon, as trustee, principal paying agent, transfer agent and registrar and The Bank of New York Mellon, London Branch, as paying agent;


 

8 June 2012
Registration Statement on Form F-4
7.   First Senior Secured Notes Supplemental Indenture to the 7.875% Senior Secured Notes due 2019 Indenture, dated as of September 8, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent, and Wilmington Trust (London) Limited, as additional collateral agent; and
8.   First Senior Notes Supplemental Indenture to the 9.875% Senior Notes due 2019 Indenture, dated as of September 8, 2011, among Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., Beverage Packaging Holdings (Luxembourg) I S.A, certain additional note guarantors listed thereto and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent.