The best Side of cyprus law firm
As specialists in Intercontinental debt collection, our gurus can show you anything you should know when addressing cross-border collections and overseas debtors to productively recover your payments. Find out every little thing you should know for a successful debt Restoration in Cyprus.
the worldwide economic crisis couldn't but have extended to Cyprus and fiscal transactions happening in Cyprus. Liquidity becoming check here a critical trouble, it is in recent times paramount for companies to collect what they are owed for merchandise or services provided.
beginning a debt collection in Cyprus is rapid and easy. you may add your claim by way of our on the net transfer sort. All you will need to do is enter some information on your organisation, your debtor’s organization and applicable documentation or invoices. it is possible to then upload your scenario through a safe community here.
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An unconditional courtroom order through the judicial debt collection process, along with the debtor's solvency, empowers bailiffs to enforce your assert by means of asset seizure/income attachment. Insolvency proceedings continue to be the last resort for debt Restoration in Cyprus in the event the debtor is insolvent.
We are enthusiastic to announce that our regulation firm has merged with Haviaras & Philippou L.L.C., a reputable legislation firm aiming to provide the shoppers of the two firms beneath the identify of Haviaras & Philippou L.L.C.
If your debtor files a see to seem in court docket, he need to also file his protection towards the assert. additional, according to the principles, the court docket sets a date for a court Listening to at which the parties present their arguments along with the court can make a ultimate decision.
The collection businesses and regulation firms in Cyprus could also support the creditors during the trials against the debtors.
“Bierens is usually a really powerful and Expert spouse. not simply have they got a fantastic debt collection course of action, In addition they give solid advice.”
Statute of restrictions: common limitation duration of six a long time for most civil steps, like debt Restoration, extendable beneath specific circumstances.
In Cyprus, the limitation period for statements is 6 many years through the date of the final payment or acknowledgement of your debt. it can be crucial for creditors to know about this time frame and take motion in the limitation interval to Recuperate the debt.
We will always Call your debtor by sending an Original demand letter, which we also follow up which has a phone get in touch with. like that we steer clear of any form of miscommunication. Our method is usually firm and respectful, and you will always be informed from the status of your scenario.
if you want guidance in chasing a debt, our Cypriot lawyers are at your disposal and can assist you in each the amicable and court docket proceedings.
Issuing Court proceedings is the final circumstance circumstance, on condition that some other out-of-courtroom achievable possibility has actually been fatigued. But, if a debtor is not willing to settle his debt and, hence, comply with his monetary obligations towards the creditor, then the judicial route of initiating court docket proceedings versus him is the only obvious Remedy.