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 and Trade (DBT) began proceedings against him in 2024 after the Insolvency Service investigated various companies in the group that became insolvent, claiming he had committed…