TGIF 12 February 2021 - Federal Court finds money paid in connection with forex contracts not property of liquidation

This week’s TGIF considers the decision in Nikitins v EncoreFX (Australia) Pty Ltd (No 2) [2021] FCA 27, where the Federal Court found that funds paid into a holding account for the provision of foreign exchange services were held on trust and were not property of the liquidation.

Key takeaways

Filed under:
Australia, Insolvency & Restructuring, Litigation, Corrs Chambers Westgarth
Authors:
Cameron Cheetham , Mark Wilks , Craig Ensor , Felicity Healy , Kirsty Sutherland , Matthew Critchley , Michael Catchpoole , Michelle Dean , Rachael King , Sam Delaney , James Lucek-Rowley
Location:
Australia
Firm:
Corrs Chambers Westgarth