DISAGREEMENT OVER WHO IS PREFERENTIAL CREDITOR IN LIQUIDATION OF STATE-OWNED COMPANY

DISAGREEMENT OVER WHO IS PREFERENTIAL CREDITOR IN LIQUIDATION OF STATE-OWNED COMPANY

ARTICLES
02 MAR, 2018

On January 10 2018 the annual creditors' meeting of former state-owned air carrier, Cyprus Airways took place. The liquidator presented a settlement plan which provided for the payment of €11 million to preferential creditors – namely, former employees and the state.

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