LONDON – In a stunning blow to the long-held corporate belief that one's personal preferences should always supersede legal due process, a London court has reportedly blocked the chief executive of collapsed property lender Market Financial Solutions Ltd. from hand-picking the officials tasked with overseeing the insolvency of one of his group’s entities.

Sources close to the CEO, Mr. Alistair Finch (not his real name), indicate a profound sense of bewilderment at the ruling. “He genuinely thought he could just, you know, ‘manage’ the insolvency process himself,” stated a former associate, requesting anonymity to avoid being audited by Mr. Finch’s personal accounting firm. “Like it was just another quarterly earnings call, but with more paperwork and less actual money.”

The judge’s decision reportedly came after Mr. Finch’s legal team presented a list of proposed insolvency practitioners that included his golf buddy, his second cousin, and a former intern who once brought him the correct coffee order three days in a row. Critics suggest the move was an attempt to ensure a 'smooth transition' that primarily benefited the former executive and his inner circle, rather than the creditors or, indeed, the concept of justice.

“We simply aimed for efficiency,” explained a spokesperson for Mr. Finch, who wished to remain anonymous while simultaneously promoting their new book on corporate governance. “Who better to navigate the complexities of a company’s collapse than those who were intimately involved in its, shall we say, 'strategic restructuring' leading up to said collapse?”

Legal experts are now scrambling to inform other high-flying executives that, much like gravity and taxes, the law occasionally applies to everyone, even those who own multiple yachts.