opes had no right to assign, page-8

in the case of defaults of loans do ANZ claims to have control of opes assets in this case its clients shares, outweigh the control or lack of control that clients have given for the disposal of their shares.

Does winding up a company - adminstration allow higher ranking creditors to take control of assets that may not actually belong to the company in question ? thats probably the crux of any legal argument