Nathaniel Rothschild sued Lars Windhorst

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Nathaniel Rothschild sued financier Lars Windhorst less than six months after the banking dynasty official agreed to become chairman of the German entrepreneur investment firm.

Lord Rothschild sued Windhorst and Tenor International, a Swiss investment vehicle, at London’s High Court on Wednesday, according to court records. Nathaniel Rothschild inherited the British title when his father, Jacob, 4th Baron Rothschild, died last year.

Court records show the lawsuit is related to a contract dispute, with no further details publicly available. However, a Rothschild spokeswoman told the Financial Times it was linked to a debt default.

“This relates to a separate matter from Mr Rothschild’s investment in Tennor, whereby he extended a short-term loan facility to Mr Windhorst, which is now in default,” a Rothschild spokesman said. “He is upset that he brought this action.”

Windhorst, first reported by Bloomberg, declined to comment on the allegations.

WindhorstLast year, the scandal-plagued German financier, known for his lavish lifestyle and history of legal troubles, successfully wooed Rothschild to become his new business partner.

During a party at the Windhorst Mayfair offices in July, Rothschild announced He will take a minority stake in the financial investment firm Tenor and become its executive chairman.

“I will devote all my time to this effort,” Rothschild said at the time. “I’ve never seen anyone work as hard as Lars, he’s amazing.”

as if Interview with FT “I’m delighted to have Lord Rothschild with us, and I’m really excited,” Windhorst said last month.

Windhorst rose to prominence in the 1990s as a teenager, when German Chancellor Helmut Kohl praised him as a businessman.

However, the business was marred by legal disputes and the failure of several enterprises. Several creditors have chased him through London’s High Court in recent years for payment.

His Dutch investment vehicle Tenor Holding has faced several bankruptcy filings in the Netherlands, with the group’s former general counsel Peter Calamari filing a new claim last month. Calamari did not respond to a request for comment.

Tenor Holding’s German shipbuilding business also filed for bankruptcy last month, putting 500 jobs at risk.

As Tennor Holding faces claims from creditors, Windhorst has made new deals in recent years, mainly through Tennor International.