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Steel Firm Sues Directors Over $20M Debt | Cork News
A steel firm is suing three directors of a collapsed construction company for over 20 million euros, claiming they knew the firm was financially doomed despite a risky loan to another company. The directors deny personal liability, insisting they acted honestly, while the court weighs whether this case — below the usual threshold — could reshape the liquidation process. With the company’s insolvency tied to pandemic, Brexit, and other factors, and a creditors’ meeting on hold, the directors hope to resolve this quickly to protect their reputations — while a separate costs battle looms for…
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