cyprus law firm - An Overview
cyprus law firm - An Overview
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whether it is impossible to collect the debt by means of an amicable approach, you've the choice to initiate legal proceedings. beneath, we demonstrate what both the extrajudicial and amicable phases entail in Cyprus.
Our intention is to supply a fast and affordable debt collection support to our clientele. Our group of attorneys in Cyprus adhere to all the conventional collection strategies and will advise the most fitted collection technique, having regard to your client’s ideal passions.
If this phase won't carry the anticipated success or after an Original Examination it results in being crystal clear that it is not relevant, you'll want to carry on to Restoration through the strategies provided for by regulation.
Any party to your dispute who's not happy with the ultimate final decision with the court of initially occasion has the best to charm it on attractiveness within 42 days with the day of the choice. submitting an enchantment won't prevent the execution of the final choice.
Ultimately, it is up to you no matter whether you need to progress with authorized motion. If you do, our international debt collection expert will discuss with you the authorized selections available and exactly what the lawful course of action will entail.
In some cases, recovering your payment by deploying extensive actions may not be the most fitted program of motion. We recognize that with selected clients, it is vital for your organisation to maintain a lengthy-time period romance.
This could certainly contain sending demand from customers letters, creating cellular phone phone calls, or perhaps checking out the debtor here in person. Should the debt is uncontested plus the debtor is ready to pay back, This may be A fast and productive technique to recover the debt.
If your debtor does not have current court docket circumstances or superb court choices on debt collection, and He's actively engaged in commercial functions, then it is sensible to make use of the stage of amicable debt collection.
throughout the framework of the treatment, it is achievable to judicially cancel fraudulent/fictitious transactions of the debtor aimed at withdrawing their belongings so as to steer clear of debt repayment in the compelled sale of these kinds of property.
we have to file your claim with on the list of 5 district courts on the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We try this by preparing a discover of default and sending it into the courtroom.
We have already been working with Antonis Paschalides & Co LLC legislation firm for over forty many years now on numerous projects (examining of contracts, corporate issues, employment legislation difficulties, representation in advance of the European courtroom of Justice around the Cyprus bail in circumstances just to name a handful of).
Should the debtor refuses to pay even following the issuance of a court docket judgment against him, we can easily use the subsequent treatments to be able to execute the courtroom judgment:
As our client, you might have one committed English Talking Call. This Worldwide debt collection expert coordinates the procedures and maintains connection with the regional professionals.
As by now stated, in case our debt collection system by way of tender communication and negotiation fails, We're going to continue with sending a letter of need into the debtor. This is still Component of our from court docket technique in bringing the technique of debt collection in Cyprus to a close.
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