Federal Court says sole director could not present corporation’s case objectively, independently

In a claim against DBA’s liquidators, DBNZ alleged that the liquidation could not apply to an amount of $353,973.72 that Wise Australia Pty Ltd held on deposit in DBA’s name and transferred to the liquidators on or about 28 August 2025, as it was a chose in action held on express trust for DBNZ and was thus not DBA’s property.