Seven days ago, some 45 creditors of two highly interconnected companies turned up at a meeting to ballot on the future of the two firms. Combined, the 45 in attendance were owed €6.5 million from Trade Tower Finance Ireland and Deal Partners Logistics, most of which had been advanced through a series of loans note on the promise of a 20 per cent gross return over a four-year period. More than 100 other creditors, owed another €7 million by the two trade finance companies, sat the meeting out. The vast majority of the creditors had invested through the purchase of…
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