Krejci, in the matter of Union Standard International Group Pty Ltd (Administrators Appointed) (No 4)

The case involved Union Standard International Group Pty Ltd, which had been placed into administration, and its administrators, who sought access to the company's trading platforms. The Federal Court was called upon to decide whether the administrators should be granted access to these platforms and to prevent the company from obstructing such access. The administrators had previously been granted access, but the company had withdrawn this access, citing concerns for the clients of other companies within the same group. The court was required to determine whether the administrators should be granted access to the MT4 and MT5 platforms and whether the company could be restrained from impeding this access.

The court examined the administrators' right to access the company's trading platforms, which was fundamental to their role in managing the company's assets and affairs. The court also considered the company's concerns about potential harm to clients of other companies within the same group. The court found that the administrators' need for access to the trading platforms outweighed the company's concerns and that the company was restrained from impeding this access. The court also adjourned the company's interlocutory process indefinitely, with leave to relist.

The Federal Court ordered that the company provide the administrators with 'administrator access' to the MT4 and MT5 Platforms immediately. The company was also restrained from interfering with, modifying, or revoking the access provided. The company's Interlocutory Process filed on 7 August 2020 was adjourned indefinitely, with leave for the company to seek to relist it. Costs were reserved for a later determination.