Last Friday afternoon, junior counsel John Lavelle rose to address Justice Max Barrett. With urgency, he explained why Arena Capital Partners — a company describing itself as “a dominant player in the small to mid-scale wind market in Europe” — was seeking immediate protection from its creditors and the appointment of an interim examiner to facilitate a restructuring of its balance sheet.  The headline details of the application, first reported by The Currency last week, were striking – Arena owes €112 million to 1,600 loan noteholders. However, two documents opened in the High Court shed further light on the company’s…

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