Partner Mark Hastings comments on director disqualification in Investment Week and Law360

Partner Mark Hastings comments on the news that financier Lex Greensill has accepted a nine-year disqualification undertaking with the Insolvency Service, following the collapse of lending firm Greensill Capital in 2021.

 

“The scale of the Greensill collapse meant this was always likely to be closely watched as a marker for director accountability. A nine-year disqualification is a substantial sanction and underlines the expectation that directors exercise rigorous oversight when managing complex financial arrangements.

“The decision is a shot across the bows for directors. Where transactions undermine investor protections and contribute to significant losses, regulators are prepared to pursue directors personally, even years after a company’s collapse.”

Mark’s comments were published in Investment Week and Law360, 4 June 2026.