Lex Greensill News

08.03 / 11:21

Merit Action Courts International UK Insolvency Service looks to ban Lex Greensill from running companies for 15 years

The disqualification proceedings were brought on 7 March. A spokesperson from the service said they will be «in respect of his conduct» as a director of both companies. No further details on the case were made available by the service, given «this matter is now a live case before the court it is not appropriate to comment further». Fidelity International cuts 1,000 jobs on 'challenging economic environment' Speaking to the FT, a spokesperson for Greensill said: «Mr Greensill rejects this action as wholly without merit and will robustly address it». Greensill filled a lawsuit on ...

03.11 / 08:55

Manufacturing BlackRock show performer Gupta’s InfraBuild seeks $544m in fresh debt to stave off lenders

InfraBuild, the steel distribution group that is one of British businessman Sanjeev Gupta’s key assets, has launched a last-ditch $US350 million ($544 million) bond in a bid to raise enough money to repay loans due next year, warning there were “material uncertainties” it could pay its debts.

08.10 / 19:49

Provident Aware cover information 2020 Australian ‘Serious problems were afoot’ at Greensill’s Australian insurer

Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.

21.08 / 09:41

CEO Hawkins cover IAG discloses $7b in legal claims after Greensill Capital collapse

IAG has disclosed $7 billion in legal claims stemming from insurance written by a former commercial partner, most of which is represented by policies issued to collapsed financier Greensill Capital.

07.07 / 11:39

companies Credit Suisse reports Credit Suisse faces $49m damages bill in Japan over sale of Greensill-linked bonds - reports

The plaintiffs allege that the bank misrepresented the products when it sold the securities.

28.02 / 11:51

Swiss Credit Suisse ‘seriously breached’ Greensill obligations, Swiss regulator finds

Credit Suisse committed a “serious breach of Swiss supervisory law”, according to the country's financial regulator, as it concludes a two-year probe into the bank's relationship with fallen financier Lex Greensill.

28.02 / 10:47

Lowe's Maxim CEO Action Swiss Credit Suisse 'seriously breached' obligations in Greensill case, Swiss regulator says

Credit Suisse «seriously breached its supervisory obligations» in the context of its business relationship with financier Lex Greensill and his companies, Swiss regulator FINMA concluded Tuesday.

07.04 / 00:51

Progressive Grant Grant Thornton bills £19m for first year of Greensill administration

Grant Thornton generated £19m in fees during its first year as the administrator of collapsed supply chain finance company Greensill Capital, the accounting firm said in its latest progress report.

06.04 / 12:05

Progressive Grant Grant Thornton bills £19m for first year of Greensill administration

Grant Thornton generated £19m in fees during its first year as the administrator of collapsed supply chain financer Greensill Capital, the accounting firm said in itss latest progress report.

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