The Greatest Guide To cyprus law firm

As professionals in Worldwide debt collection, our professionals can inform you everything you should know when handling cross-border collections and overseas debtors to properly Get well your payments. uncover every little thing you need to know for a successful debt recovery in Cyprus.

in the event we feel that the debtor has no fiscal credibility and would not be capable of pay back the creditor, even when a Court judgment versus him is delivered, we might recommend the shopper that it is not really worth pursuing this make a difference in courtroom.

Also our regulation Firm is able to carry an motion prior to any court docket once the circumstances involve it.

irrespective of your situation, it's best to 1st access an agreement With all the debtor prior to taking any even further actions. This is often why, There are 2 methods by which debt Restoration can happen in Cyprus.

This assessment establishes the tactic that may be made use of on behalf from the client through the collection procedure.

At D. Hadjinestoros & Co LLC we have an exceedingly large achievements price in debt collection as we observe up routinely on the debtor making use of all authorized channels and means of interaction.

 The global economic crisis couldn't but have extended to Cyprus, also, and financial transactions happening in Cyprus. Liquidity becoming a serious challenge, it really is presently paramount for organizations to collect what they are owed for items and/or providers delivered.

Does your business have to cope with a debt collection situation in Cyprus here mainly because a Greek or Turkish shopper will not fork out your Bill? Our debt collection professionals and Lawyers will be delighted that will help you. We be certain that your superb Bill is paid out rapidly.

Price tag criteria: Creditors need to be aware of administrative and probable authorized advisory fees in organizing their debt Restoration technique.

Creditors may perhaps demand fascination and late expenses on overdue payments, and these terms are often specified in the initial credit history arrangement. 

in the event the debtor is a corporation our Cyprus debt collection treatment incorporates working a research with the databases from the Registrar of providers in an effort to locate the registered Workplace deal with of the company, the names and private addresses of the Directors to ensure that us to have the ability to establish contact.

They constantly supply a condition of the artwork and a hundred% trustworthy legal provider in the swift and welcoming fashion. When needing legal professionals in Cyprus, we might remarkably advise Antonis Paschalides & Co LLC regulation firm for virtually any authorized assignment.

sometimes we take into account it acceptable to file an interim buy in opposition to the debtor’s immovable residence or freeze his accounts. During the Court proceedings there is often a probability of settlement without the must Opt for a Listening to.

The judgment fees are generally paid out through the defendant but it really’s not a common rule, the decide may possibly dispose that both functions have to pay their element.