Financial fund loses appeal over €4.68 million debt write-off for salesman
The Court of Appeal rejected all grounds raised by Promontoria Aran Limited
Stay updated with breaking news from David Langan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Court of Appeal rejected all grounds raised by Promontoria Aran Limited
A fund has lost its appeal over the writing-off of €4.68 million debt it was owed by a furniture salesman.
Kilmallie's Robbie MacMaster tackles Lewis Morrison. Photograph: Iain Ferguson, alba.photos.
Umbra co-founder Gabe Dominocielo's last name is roughly translated from the Latin as “lord of the skies.” It’s a fitting title for the head of a satellite imagery company — but in a recent interview with TechCrunch, he joked that his last name should be “unit economics.” Umbra’s story can be summed up as a marriage of technological innovation and -- you guessed it -- sound unit economics.
The write-off was approved despite objections from an unsecured creditor