cyprus law firm Fundamentals Explained
cyprus law firm Fundamentals Explained
Blog Article
If it is not possible to gather the debt by way of an amicable process, you've got the choice to initiate authorized proceedings. down below, we describe what both equally the extrajudicial and amicable phases entail in Cyprus.
Our legislation firm specialises in dealing with the two professional and personal debts, and understands the importance of retaining an expert strategy in debt collection to maintain the connection concerning our purchasers and their debtors.
In Cyprus, the civil court docket procedure is intricately structured to be certain extensive and truthful legal proceedings. It demonstrates the region's adherence to equally local and European Union lawful benchmarks, catering to a variety of civil disputes which includes debt collection.
Our priority would be that the debt is gathered in quite possibly the most time productive way and with the minimum costs doable. We as a result find to avoid get more info litigation where ever probable. in lots of cases, We're going to obtain the debt within few weeks by basically sending a letter of demand, through which we assert the amount owed to our shopper.
The length of legal proceedings in Cyprus depends on the complexity within your scenario and if your debtor raises a defence.
We cooperate which has a network of Experienced and dependable regulation Firms in these spots for your judicial debt collections.
The debt collection procedure in Cyprus commences having an assessment in the debtor’s solvency, his field of activity, the history in the enterprise, The supply of documentary evidence with the debt, current court docket conditions and enforcement processes, and the opportunity of challenging the debt.
We use cookies to make certain that we give you the finest encounter on our Web page. when you continue on to use This web site We're going to believe that you're proud of it.OkNoPrivacy policy
throughout the framework of the procedure, it is possible to judicially terminate fraudulent/fictitious transactions on the debtor targeted at withdrawing their belongings in order to stay away from debt repayment from the pressured sale of such property.
Our precedence is that the debt is gathered in by far the most time successful way and Along with the the very least expenditures attainable. We as a result seek in order to avoid litigation anywhere feasible. in several circumstances We'll obtain the debt inside of just months by basically sending a straightforward letter of claim.
Collection business makes a speciality of international debt collection. Our experts know exactly how to handle defaulters. Now we have developed an economical debt collection strategy and operate along with lawyers, Lawyers, and bailiffs in Cyprus.
The court docket sends a summons for your debtor. This is often an Formal get in touch with to look before the court docket. Your debtor has the chance to file a defense from the declare within just 14 days. to be a creditor, you then have seven days to reply.
The debtor’s property could possibly be frozen ahead of the judgment concern by implementing some actions following the declare was registered towards the Court but only below some special situations. The immovable and movable Attributes might be part of the Distinctive seizure.
Debt collection can be a demanding and time-consuming course of action for people and corporations alike. At Chambers & Co, our expert attorneys specialise in all components of debt collection in Cyprus, guaranteeing the prompt recovery of superb debts when retaining professionalism and integrity.
Report this page