Consultancy co-founded by Peter Mandelson falls into administration

Global Counsel stops trading after clients cut ties over former ambassador’s relationship with Jeffrey Epstein Business live – latest updates The consultancy co-founded by Peter Mandelson has collapsed into administration, after a number of clients cut ties with the company over the former ambassador’s relationship with the convicted child sex offender Jeffrey Epstein. Global Counsel, which Mandelson co-founded in 2010, said on Friday that it had stopped trading and its staff in the UK were being made redundant.