When the ailing Shaw Academy made its exit from examinership last year, it agreed to pay its biggest creditor, the London-based venture debt provider Columbia Lake Partners (CLP), €1.3 million. It was a fraction of what was owed to the fund, which specialises in lending to European tech start-ups, but like all restructuring deals, it was supposed to wipe the slate clean and allow the online educator a second chance. However, it seems the past hasn’t fully gone away. Last week, CLP lodged High Court proceedings against the founders of Shaw Academy, James Egan and Adrian Murphy. The two businessmen…
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