Top Guidelines Of cyprus law firm

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This e-mail address is being shielded from spambots. you may need JavaScript enabled to perspective it. for just about any issues on debt collections.

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considering that we get the job done with lawyers in Cyprus, we will perform all conversation using your debtor in Cypriot language. This will increase the chances of payment even further.

propose different procedures that assistance them pay the quantities owing in quite a few installments, and thus avoid a greater economical load.

We also understand that the Coronavirus could possibly have made a back again log of debts, a number of which can be genuine situations of inability to pay, while Another situations relate to strategic conduct via the Debtors not to pay their debts.

Debt collection in Cyprus is often a posh method, but with a clear knowledge of the authorized system and the measures involved, creditors can effectively Get well unpaid debts.

For uncontested statements, There exists a summary judicial method available, which can be a a lot quicker and even more Value-helpful option than a complete demo. This process is used for statements that aren't disputed via the debtor, and will consist of a court docket purchase for payment or the attachment of assets.

This stage requires Lively negotiations While using the debtor to achieve an arrangement to pay the creditor’s promises or other doable settlement alternatives (one example is, return of goods, transfer of debt to some third party, exchange of products and services or products).

Antonis Paschalides & Co LLC law firm continues to be our exterior counsels for our company activity in Cyprus for the last 5 years. We consult them on many different tasks (company issues, Competitiveness law, work legislation concerns, internet marketing regulation, intellectual house regulation and so forth).

nevertheless, When the debtor is unwilling or unable to spend, the subsequent phase is usually to commence lawfully for a creditor. In Cyprus, a permit is just not required to carry out debt collection routines, but it is crucial to be familiar with the authorized treatments and limitations.

We have already been dealing with Antonis Paschalides & Co LLC regulation firm for over forty years now on a variety of jobs (reviewing of contracts, company matters, employment regulation concerns, illustration prior to the ecu courtroom of Justice on the Cyprus bail in scenarios just to call several).

The court docket sends a summons for your debtor. This is often an official get in touch with to look before the courtroom. Your debtor has the chance to file a protection from the declare inside of 14 days. as being a creditor, you then have seven times to reply.

greedy debt collection in Cyprus is usually elaborate. With Debitura at your facet, blending neighborhood know-how and world know-how, debt Restoration gets seamless. This check here guideline is your top Software, empowering you to definitely tackle Cyprus debt collection situations proficiently.

Also, a lot of collection agencies only deal with extrajudicial collection. When the amicable section fails, you will need to discover an attorney in Cyprus on your own to initiate authorized proceedings.

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