This time last year, Xuemei Germaine was in the limelight as one of the 24 finalists in the EY Entrepreneur of the Year competition for her work as co-founder of the Carlow-based start-up Microgen Biotech. By Christmas, she had left the company’s board and this spring, the two sides were facing off in the High Court. Now her shareholding in the Irish company has just been cancelled as investors overhaul its capital structure, installing a new management team and also changing its name. What exactly happened at the cleantech company harnessing natural bacteria to clean up polluted land? And where…

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