The Cyprus Community of NSW (CCNSW) has announced the cancellation of their upcoming Extraordinary General Meeting (EGM) scheduled for this Sunday, February 11.
The decision comes after a group of members, led by Dorothy Bassil and her brother Dr Con Costa, sought an injunction in the Supreme Court of NSW this week.
The injunction claimed that Community members were not adequately informed to vote on resolutions presented to them ahead of the EGM. The resolutions were focused on whether to ‘stay or sell’ the Community’s property at Stanmore in Sydney’s Inner West.
The move by Ms. Bassil and her supporters has raised concerns among Board members, as they were also seeking legal costs from CCNSW to cover their expenses for the injunction. It was subsequently determined that each party would bear their own legal costs; however, CCNSW has retained the right to pursue costs associated with the matter. This legal battle has further heightened tensions within the community, which has recently been grappling with financial pressures.
Acting president of CCNSW, Michael Kyriakou, expressed disappointment over the cancellation of the EGM. The EGM was expected to address important issues regarding the future of the Community and its financial stability.
In light of the cancellation, the CCNSW board members are now discussing the possibility of organising a meeting for members in place of the scheduled EGM. This meeting would serve as an information session, providing an opportunity for members to discuss the future of the Community and address any concerns or questions they may have.
As the legal battle unfolds and discussions continue, members eagerly await further updates and hope for a resolution.