A High Court judge has lifted a ban preventing journalists saying married banker Sir Fred Goodwin had a "sexual relationship" after a politician used parliamentary privilege to name the millionaire.
Mr Justice Tugendhat said the media could name Sir Fred, former head of the Royal Bank of Scotland, after the banker's identity was revealed in the House of Lords by Liberal Democrat peer Lord Stoneham.
One MP has hailed the judge's decision as a "small victory" for free speech.
The judge said reporters could reveal that Sir Fred, 52, took legal action earlier this year after discovering that The Sun newspaper planned to publish a story about the "relationship".
Sir Fred alleged that the tabloid newspaper was threatening his right to privacy and in March a judge granted a temporary injunction preventing publication of his identity.
Mr Justice Tugendhat told a hearing in London that legal action was ongoing and an order banning publication of details of the relationship, plus the identity of the woman said to be involved, remained in place.