An Unbiased View of cyprus law firm
An Unbiased View of cyprus law firm
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The debt collection system in Cyprus can be divided into two stages. throughout the extrajudicial section, collection requires location devoid of Court intervention.
we have been happy to take the opportunity to complement Antonis Paschalides & Co LLC legislation firm on the quality and professionalism that is certainly characterized by their firm in all areas of their organization. Antonis Paschalides & Co LLC law firm has worked with us in the last two several years on several our portfolio firms (provision of fiduciary – company – legal services) and we are impressed by get more info the caliber of its consultants, the effects in their operate, the truthful and reputable providers and their Expert method in a number of circumstances. We look forward to quite a few more prosperous decades of cooperation.
considering the fact that we get the job done with attorneys in Cyprus, we could carry out all interaction with the debtor in Cypriot language. This improves the chances of payment even further more.
propose various approaches that assistance them spend the quantities because of in a number of installments, and thus prevent a better economic load.
just in case the debtor won't regard their economic obligations inside of this timeframe, our attorneys will then try to negotiate with her or him. inside our expertise, you will discover various debtors who will choose to settle their debts at this stage.
you could Adhere to the correspondence along with your debtor in Cyprus via our web portal 24/7. Additionally, your caseworker will generally Speak to you by cell phone or in producing to keep you knowledgeable within the development of your debt collection in Cyprus.
For uncontested claims, You will find a summary judicial procedure out there, that's a a lot quicker and even more Expense-efficient possibility than the usual comprehensive demo. This process is useful for claims that aren't disputed by the debtor, and will consist of a court docket purchase for payment or the attachment of belongings.
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This stage is crucial for formalizing the debt and enabling even more enforcement actions. Our community of community Lawyers will represent your case in court, giving know-how and familiarity with neighborhood guidelines.
In case the debtor isn't conscious of the letter We are going to seek out to negotiate with him about the phone. quite a few debtors will decide to settle the debt at this early phase and negotiate a payment program.
We strongly believe that in these days’s contemporary society and business enterprise environment, Exclusive emphasis need to be put upon option dispute resolution mechanisms and out-of-courtroom settlements for resolving disputes.
Based on Cypriot personal bankruptcy law, your debtor is taken into account bankrupt if they don't repay their debts within an inexpensive stretch of time. In Cyprus, it is achievable to file for individual bankruptcy of one's debtor When the declare exceeds 854 euros.
The debt collection procedure could be intricate and challenging for those new to it. Our team of authorities is listed here to assist you comprehend the method and navigate it effortlessly. Get totally free professional assistance with your certain scenario, supplied by our workforce of knowledgeable industry experts.
By Doing the job intently with our clientele, we aim to expedite the method and secure payment from the debt immediately or go after a judgement to Recuperate payment.
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