Lex Greensill will be banned from directing companies in the UK for nine years after an investigation into the financier’s conduct at the helm of collapsed lending firm Greensill Capital.
The Australian businessman agreed to be disqualified, bringing an end to planned court action, the Insolvency Service said.
He had previously sought to challenge the Government’s bid to ban him from directing companies for 12 years and a six-week trial in the High Court had been due to begin on Monday.
He also lost an attempt in March to have the disqualification proceedings thrown out before a trial.
Mr Greensill was the founder and chief executive of Greensill Group, the UK arm of which entered administration in March 2021.
The Department for Business…