The 2-Minute Rule for cyprus law firm

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Our desire is to collect your assert with out courtroom intervention. hence, we normally begin a collection within the amicable period. If this has no result, then we carry on with courtroom motion. nevertheless, we generally do so in consultation with you initially.

We assure you that our firm's mission and core values will continue to be unchanged and that we will proceed to deliver the identical large amount of company and perseverance to our shoppers that We've normally furnished.

We cope with all out-of-court situations over a contingency price basis, also for debt collection in Cyprus. We aim to recover the principal amount of money such as curiosity and fees out of your debtor.

Our Global debt collection legal professionals plus your assigned caseworker can assist you further more and reveal everything you have to know for An effective debt collection in Cyprus.

A courtroom judgment in Cyprus quickly has an enforceable status. as soon as the court docket has created a here ruling, we can easily instantly execute the judgment.

The process for filing a press release of declare is completed by registering a assert in court docket, after which the defendant is obliged to offer a observe of visual appearance in just ten times. If this sort of notice just isn't specified, the creditor might request the courtroom to difficulty a decision in connection with the unregistered appearance with the debtor.

Chambers & Co can guide with debt restructuring and negotiations, supporting consumers reach mutually effective agreements with their debtors whilst keeping away from expensive authorized disputes.

Our desire is to gather your assert with no court docket intervention. for that reason, we always start a collection within the amicable stage. If this has no result, then We'll go over your judicial options with you. We will never intiate courtroom proceedings with out your explicit consent.

 In sure instances, creditors may well investigate debt restructuring alternatives, enabling debtors to repay in installments or underneath modified terms.

We need to file your declare with one of several 5 district courts to the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We do this by preparing a observe of default and sending it towards the court.

As a number one cross-border debt collection law firm, We now have entry to worldwide company databases and credit history experiences. in just these databases, we will perspective your debtor’s credit status, identify why the invoice was not paid out and refine our system appropriately.

Should the debtor refuses to pay for even once the issuance of a courtroom judgment towards him, we can easily use the following methods in an effort to execute the Court judgment:

Cyprus’ financial state is designed of assorted kinds of companies As outlined by their sizing, but also of differing types of consumers. This really is why when handling debt recovery, the very first part to think about is the sort of consumer which has did not meet his/her fiscal obligations and then determine the strategy to recover the remarkable amount of money.

The judgment expenses are often paid out via the defendant but it really’s not a common rule, the judge may well dispose that each get-togethers should fork out their section.

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