After Greensill’s collapse, IAG is trapped in a $7b court battle

Next month marks three years since the collapse of Greensill Capital – the supply chain finance firm founded by Lex Greensill.

But it’s only now that the fight over who pays back the billions of dollars lost has finally made its way to court. And it’s happening right here in Australia.

At the centre of this courtroom clash is one of Australia’s biggest insurers, Insurance Australia Group.

This week on The Fin podcast, reporters Jenny Wiggins and Liam Walsh on how IAG became entangled in the Greensill Capital collapse, what’s next in the legal stoush and why billions of dollars and corporate reputations are at stake.

Explore the big issues in business, markets and politics with the journalists who know the inside story. New episodes of The Fin are published every Thursday.