How could a festival run by the experienced, energetic pair of Alannah Zitserman and Stavros Kazantzidis in a fabulous dockyard location in the middle of Sydney Harbour come so badly unstuck? The documents prepared by David Solomons and Riad Tayeh of deVRies Tayeh are grimly instructive.
The financial collapse of the Cockatoo Island Film Festival has now been finalised, and creditors are left to expect a maximum of 9.7c in the dollar. Total liabilities are $1,785,645, while trade creditors are owed $879,648.
