Top Guidelines Of cyprus law firm

Wiki Article

From uncomplicated debt collection cases to elaborate legal issues, from smaller firms to multinationals across different industries, our specialists have assisted around 24.

Practically 95% of the circumstances that we address, might be collected without any court docket intervention. nevertheless, In case your debtor in Cyprus continue to will not fork out, then we are able to initiate authorized proceedings.

We deal with all out-of-courtroom scenarios on the contingency cost basis, also for debt collection in Cyprus. We goal to Get better the principal sum including interest and expenses out of your debtor.

While Cyprus is formally a person country, the nation is administratively divided in two. The northern Element of the island has long been occupied by Turkey given that 1974.

although collection businesses can be utilized, It is additionally achievable to request legal assist, especially when handling critical quantities that should be recovered.

when a judgment is issued, the law firm will commence with each of the pertinent measures and consider any action readily available for the execution proceedings.

A lawsuit might be geared up by our staff of lawyers in Cyprus who'll then ask for the customer to review it. The Statement of declare will consist of all amounts owing in addition to the fees paid by the consumer for get more info that debt collection process

Our debt collection procedure aims exactly at combating strategic responses of debtors in not shelling out what they owe whilst in instances exactly where the debtor is truly unable to spend, we provide a flexible solution based on the wishes of your shopper.

in the framework of this method, it can be done to judicially cancel fraudulent/fictitious transactions on the debtor targeted at withdrawing their belongings so that you can stay clear of debt repayment from the compelled sale of such belongings.

Satisfaction on the creditor’s demands in the process of compelled execution is carried out in the seizure of money as well as their write-off, seizure of assets with subsequent sale.

choice dispute resolution mechanisms, like mediation and arbitration, are accessible in Cyprus. These might be a quicker and less official way to solve disputes and Get well unpaid debts.

ought to your debtor fail to respond, then our specialists and legal professionals can offer you having an expected result or course of action inside of 4 months. If authorized proceedings are necessary, the debt collection approach normally takes for a longer period. The duration depends upon the legal proceedings and on whether the debtor raises a defence.

Do you have a debt collection case in Cyprus? remember to go away your Get in touch with data and certainly one of our professionals can get in touch with you immediately to discuss your situation.

These safeguards guarantee a systematic technique to debt Restoration in Cyprus, putting a balance amongst economical debt collection and security of client rights from unjust collection tactics.

Report this wiki page