But after the collapse of minority partner Baugur, he sought to issue new shares to an outside investor to fund expansion. That move was blocked by a high court injunction on behalf of Kaupthing's resolution committee, which is overseeing creditors' interests following the bank's failure. Kaupthing had been able to intervene, winning power of attorney over Stanford's shares, because the businessman had pledged them as collateral for a personal loan from the bank. Kaupthing is believed to have told the court he owed more than £250m. However the case was settled at the start of this summer, with both sides retaining an interest in the business. Stanford is still the chairman but it is not clear if his shareholding remains the same and he could not be reached for comment. "This deal strengthens our financial foundations and gives us a great platform to develop and expand our business," said Stephen Craig, All Saints chief executive.