Accountant Declan de Lacy, the process advisor to the Scarp financial restructuring process of Bio-Marine Ingredients, has applied to have a €6.5 million charge on the assets of the business lifted to allow fresh investment. The charge is held by clients of Cantor Fitzgerald, who advanced €6.5 million to the company in the form of a convertible loan note in February 2022. De Lacy wishes to lift the charge to be able to convince new investors to rescue the company, but this will almost certainly lead to loan note holders losing some of their money. Loan note holders have said…
Cancel at any time. Are you already a member? Log in here.
Want to read the full story?
Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.