A Review Of cyprus law firm

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The debt collection system in Cyprus may be divided into two phases. through the extrajudicial section, collection can take put devoid of court docket intervention.

Our regulation firm specialises in handling each professional and private debts, and understands the value of maintaining an experienced method in debt collection to preserve the relationship amongst our clients as well as their debtors.

We tackle all out-of-court docket instances with a contingency price basis, also for debt collection in Cyprus. We intention to Get better the principal sum like fascination and prices from the debtor.

Bierens is often a remarkably effective and Experienced associate. don't just have they got a superb debt collection technique, In addition they give solid advice

In theory, we always commence the debt collection procedure While using the extrajudicial section. at this time, we try out to prevent courtroom intervention, as This may be high priced. We'll Make contact with your debtor to demand from customers payment.

each individual circumstance depends on its very own points; on the other hand, our encounter displays that An important components are persistence and timing.

For uncontested promises, You will find there's summary judicial process accessible, that is a a lot quicker and even more Price-efficient alternative than a full trial. this method is useful for promises that are not disputed from the debtor, and will include things like here a court order for payment or perhaps the attachment of belongings.

Cyprus is a party to Global treaties facilitating the recognition and enforcement of foreign judgments for cross-border debt collection. 

even so, provided that lawyers have a reputable purpose to grasp, all information of your debtor, and particularly all facts which is publicly out there (such as If they're acquired the Registrar of firms in Cyprus) may be used by the attorneys.

We need to file your declare with on the list of five district courts around the island (in Nicosia, Limassol, Larnaca, Paphos, or Famagusta). We do that by getting ready a discover of default and sending it to the courtroom.

 Creditors typically deliver desire letters to debtors with the assistance of our Cypriot debt collection legal professionals, outlining the amount owed, payment terms, and the consequences of non-payment.

should really the negotiations are unsuccessful and there's no other selection We'll shift ahead with issuing courtroom proceedings. that's provided that we experience that there is a Great potential for achievement in Court and good results in gathering the debt.

greedy debt collection in Cyprus can be advanced. With Debitura at your aspect, Mixing nearby know-how and world-wide know-how, debt recovery gets seamless. This information is your top Resource, empowering you to definitely tackle Cyprus debt collection situations proficiently.

A subpoena for confiscation and sale from the surety’s movable house is often emitted. The surety’s movable home must be Element of general public auctions.

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