Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Owen Bowcott legal affairs correspondent

Former HSBC chairman withdraws from giving speech at Global Law summit

Former HSBC boss Lord Green stepped down from a financial services industry body amid claims the bank enabled tax avoidance while he was in charge.
Former HSBC boss Lord Green stepped down from a financial services industry body amid claims the bank enabled tax avoidance while he was in charge. Photograph: Dominic Lipinski/PA


​Lord Green, the former chairman of HSBC, has withdrawn from giving one of the opening speeches at the government-backed Global Law ​summit.

The ex-minister had been due to address the international conference alongside the ​justice ​secretary Chris Grayling.

The three-day event next week has largely been financed by City law firms as part of the celebrations of the 800th anniversary of the Magna Carta.

The gathering, at the Queen Elizabeth II conference centre in Westminster, has been criticised by lawyers opposed to cuts in legal aid as distorting the legacy of the the medieval charter.

At the weekend Lord Green stood down from CityUK, one of the main financial organisations behind the summit. His presence at the ​Global ​Law summit following revelations about HSBC’s role in tax avoidance would have attracted further criticism.

In a brief statement, a spokesperson for the Global Law Summit said: “As CityUK has announced, Lord Green has stepped down as their chairman. He will therefore not be performing any public duties previously linked to that role, including the Global Law ​summit.”

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.