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Creditors to be repaid in full as Cyprus Community of NSW exits administration
Summary by Greek Herald
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Creditors to be repaid in full as Cyprus Community of NSW exits administration
The drawn-out saga surrounding the Cyprus Community of NSW has reached a turning point, with creditors voting overwhelmingly in favour of a Deed of Company Arrangement (DOCA) following the $55 million sale of its Stanmore club property to Conquest Property Group. Court ruling clears the path In August, the Supreme Court of NSW ruled that the administrators, Morgan Kelly and David Kennedy of EY Australia, could finalise the sale without seeking m…
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