Claims war to heat up after Greensill Bank assets frozen

Claims war to heat up after Greensill Bank assets frozen
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Greensill Bank’s Australian and British assets have been frozen after the bank’s German administrators won legal approvals to stop them being sold off, intensifying the war over Greensill’s assets, including invoices owed by Sanjeev Gupta’s GFG Alliance.
The bank, which has been closed, is a direct subsidiary of Greensill’s Australian parent, which means that Australian creditors will not be able to claim on any of the bank’s assets, which included camp sites in Germany worth $US272,000 ($356,000) at the end of 2019.
Greensill Bank’s German administrators will take control of its assets. 

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