Little Known Facts About cyprus law firm.
Little Known Facts About cyprus law firm.
Blog Article
Collection Company usually takes treatment of the entire collection system, within the amicable stage to the extrajudicial stage. For this reason, we work along with a network of bailiffs and attorneys in Cyprus.
Our law firm specialises in dealing with each business and private debts, and understands the significance of maintaining a professional method in debt collection to preserve the relationship in between our clientele as well as their debtors.
In conclusion, debt collection in Cyprus is often a posh method, but with a clear idea of the legal procedure as well as the techniques associated, creditors can effectively Get better unpaid debts.
Although Cyprus is officially 1 state, the country is administratively divided in two. The northern Component of the island continues to be occupied by Turkey given that 1974.
The next action is to get ready and send out a letter of claim into the debtor, calling upon him to pay for the debt in a set time period, ordinarily 7 or 10 days. If the debtor refuses and/or fails and/or denies to comply with his economic obligations throughout the set, by us, timeframe, then We'll look for to negotiate with him.
The course of action for submitting an announcement of declare is carried out by registering a assert in court docket, after which the defendant is obliged to deliver a see of visual appeal within 10 times. If these observe isn't given, the creditor may ask the court to challenge a choice in reference to the unregistered look in the debtor.
A lawsuit will likely be prepared by our staff of legal professionals in Cyprus who'll then ask for the shopper to critique it. The assertion of declare will include all amounts because of together with the charges paid out because of the customer for that debt collection course of action
Cyprus is a party to international treaties facilitating the recognition and enforcement of international judgments for cross-border debt collection.
Antonis Paschalides & Co LLC law firm has long been our exterior counsels for our small business action in Cyprus for the last 5 decades. We consult with them on many different tasks (company issues, competition law, work legislation problems, marketing law, mental residence law etcetera).
the prospect for An effective recovery is determined by the get more info nature of the debt collection scenario. ninety five% from the instances that we clear up are properly accomplished so on a No treatment No pay out basis.
With our in-home debt collection recovery techniques, we have the ability to supply our clientele with accurate and worthwhile help or assistance. We divide debt collection into two major levels: extrajudicial debt collection and judicial debt collection.
A debt collection agency can handle recovering your cash. Our aim is to ensure that our consumers receive the things they are entitled to as speedily as you possibly can.
The decide will research all submitted proof. Then, a hearing will likely be scheduled. in the course of the Listening to, both of those the creditor as well as the defendant have the opportunity to substantiate their arguments. Both parties can ask for the choose to summon witnesses. finally, the judge will render a decision.
Debt collection is usually a demanding and time-consuming procedure for individuals and firms alike. At Chambers & Co, our skilled lawyers specialise in all areas of debt collection in Cyprus, making certain the prompt Restoration of superb debts while sustaining professionalism and integrity.
Report this page