Court freezes Lord Black's assets (Conrad Black / Hollinger)

Media tycoon Lord Conrad Black has had his personal assets frozen worldwide by a Canadian court.

Under the ruling, which covers both his own and his wife's cash, he will have little access to his money and must get court approval for most spending.

Lord Black's assets were frozen last week by Ontario Superior Court, after a request from Hollinger Inc, a company once controlled by Lord Black.

Hollinger has sued Lord Black, claiming he stripped the firm of key assets.

The group claims that in the mid-90s Lord Black - together with several other executives - transferred to the US-based group they controlled, Hollinger International, at below their market values.

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http://news.bbc.co.uk/2/hi/business/5302140.stm