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Krejci, in the matter of Union Standard International Group Pty Limited (in liq) [2021] FCA 1483

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CORPORATIONS -- financial services and markets -- corporation holding financial services licence insolvent -- priority in distribution of proceeds of liquidation as between trading clients and investing clients -- whether investing clients provided with financial products or financial services -- whether statutory trust over moneys paid by both trading clients and investing clients to the insolvent licensee exists -- statutory trust over moneys paid to licensee by trading clients and investing clients held for benefit of both classes of clients -- application by liquidators for directions relating to exercise of liquidators powers

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