Lex Greensill, the Australian financier behind Greensill Capital, is banned from serving as a company director in the UK for nine years. Multiple outlets report that the UK Insolvency Service issues the disqualification after assessing Greensill as unfit in connection with the 2021 collapse of his supply-chain finance firm. Greensill Capital’s failure is widely described as involving very large losses, with one report citing debts of about £1.6bn.
The government action follows years after the firm’s collapse, when Greensill and his representatives sought to challenge efforts to impose restrictions. Sources also state that the case ends through Greensill’s agreement to a disqualification undertaking, rather than proceeding to a hearing that had been scheduled to begin in early June.
The reports note that Greensill has previously said there was no finding he acted dishonestly after the company collapsed, presenting his stance as part of the wider dispute around the basis for the ban. Overall, the measures focus on preventing him from running UK companies during the nine-year period.
