Greensill Bank to avoid asset seizure for now as Australian creditors named

Restructuring & Insolvency 2021-03-31 6:18 pm By Cindy Cameronne | Sydney

A judge has allowed a German bank owned by Greensill Capital, which owes creditors over $1.75 billion, to temporarily avoid seizure of its assets as the bank seeks to have its German insolvency proceedings recognised in Australia.