Little Known Facts About cyprus law firm.
Little Known Facts About cyprus law firm.
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If it is not possible to gather the debt by an amicable method, you've the choice to initiate authorized proceedings. underneath, we describe what the two the extrajudicial and amicable phases entail in Cyprus.
Only the most effective-undertaking agencies continue being within our network, giving you access to outstanding debt recovery services no matter where by your debtors are.
It is always troublesome when consumers or other debtors never pay you. It results in being even tougher Once your debtors can be found overseas.
Our international debt collection lawyers plus your assigned caseworker will help you additional and make clear all the check here things you have to know for An effective debt collection in Cyprus.
in the long run, it's up to you whether you should continue with lawful motion. If you do, our Worldwide debt collection specialist will talk about along with you the authorized alternatives accessible and exactly what the legal procedure will entail.
we've been fired up to announce that our law firm has merged with Haviaras & Philippou L.L.C., a respected legislation firm aiming to serve the clients of each firms beneath the identify of Haviaras & Philippou L.L.C.
The debt collection procedure in Cyprus starts having an assessment on the debtor’s solvency, his field of exercise, the record in the organization, The provision of documentary proof in the debt, latest court docket circumstances and enforcement processes, along with the potential for difficult the debt.
The last scenario state of affairs is once the negotiations fall short and there's no other solution than to maneuver on with initiating Court proceedings against the debtor.
Cost criteria: Creditors must be aware of administrative and opportunity lawful advisory fees in scheduling their debt recovery method.
In accordance with circumstance legislation, any quantities paid to your legal professionals as Portion of the debt collection in Cyprus (presented They may be acceptable) is often recovered as damages from your debtor Together with any in the amounts due.
Debitura just isn't a law firm or debt collection agency. alternatively, we've been a platform that connects you with vetted neighborhood collection agencies and lawyers around the world. Leverage our network of five hundred+ local collection organizations and legal professionals across 183 marketplaces for efficient, on-the-floor debt Restoration.
need to your debtor are unsuccessful to respond, then our professionals and attorneys can provide you with an expected end result or class of action within just 4 weeks. If legal proceedings are needed, the debt collection procedure can take extended. The length will depend on the legal proceedings and on if the debtor raises a defence.
Antonis Paschalides & Co LLC has traditionally represented the major banking establishments of Cyprus in collection of their regional debts and it has not too long ago been engaged by many foreign clients wishing to collect from Cyprus centered persons or organizations.
Anastasios specialises in company regulation issues, insurance coverage regulation and debt collection. Furthermore he has vast information in e-revenue and payment services legislation.
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