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Where is Lex? The ripple effect from Greensill’s collapse Save Share The rapid and total implosion of Australian financier Lex Greensill’s empire has morphed into an unseemly bunfight, involving a complex web of claims and cross-claims that will play out, painfully and protractedly, in courtrooms and creditors’ meetings in potentially a dozen countries. With Lex gone to ground, the impact is rippling far beyond Greensill Capital itself to banks, insurers and corporations, with Greensill’s biggest client, steel tycoon Sanjeev Gupta’s global GFG Alliance, caught in the crossfire. Greensill was expanding aggressively before it collapsed in March. In 2020 alone it added several new subsidiaries to its existing operations in the Australia, the UK, Germany, Singapore and the US: Shenzhen Greensill Commercial Factoring, Greensill Netherlands, Greensill Capital (South Africa), Greensill (UAE), Greensill Switzerland Sarl and Greensill Global Trading.

New south walesUnited kingdomPort kemblaWest virginiaUnited statesIan tuttleSteven marshallSanjeev gupta whyallaJim justiceLex greensillScott morrisonBrian chinBen searcyLara warnerSupreme courtGreensill bank