A Simple Key For cyprus law firm Unveiled

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This email handle is currently being shielded from spambots. you would like JavaScript enabled to watch it. for almost any inquiries on debt collections.

With our commercial litigation practical experience and know-how, we have been far better positioned to navigate challenging disputes and claims to obtain a more quickly and seamless recovery.

That’s why we can talk to the court docket in Cyprus to impose an interim attachment. Therefore the debtor’s belongings are going to be positioned in custody by a bailiff until finally a courtroom determination is created. assuming that the assets are less than attachment, your debtor are unable to access them.

Garnishee proceedings These proceedings aim at acquiring out whether There is certainly cash within a bank account (or no matter whether you will discover quantities a result of the debtor by 3rd parties) and requesting that These read more amount are paid out on to the Creditor to extinguish the debt.

in the event the creditor is addressing a great deal of debtors, we use a expert application made to keep an eye on the Cyprus debt collection approach. In case the creditor so needs, our expert software package may be linked With all the database from the creditor so which the creditor is all of the time informed about the method and at what phase (of your levels outlined underneath) the debt accumulating system is at.

After the final courtroom has manufactured the choice and In case the debtor refuses or fails to comply with the debt payment, our Cypriot lawyers can use the following processes to Recuperate the debt:

Chambers & Co can support with debt restructuring and negotiations, aiding purchasers access mutually useful agreements with their debtors although averting expensive authorized disputes.

the final circumstance scenario is when the negotiations are unsuccessful and there is no other solution than to maneuver on with initiating court docket proceedings towards the debtor.

for just about any enterprise, earlier owing accounts and accounts that were defaulted on can hurt enterprise passions and income. it is crucial to maximise your Restoration of all sizes of business debt.

Considering that if reaching courtroom proceedings, a choose can dispose with the due amounts for being withheld directly from the debtor’s bank account, achieving an amicable agreement is often the preferred path.

In the event your debtor in Cyprus refuses to pay for over the extrajudicial period, following discussion along with you, we can easily visit court docket in Cyprus .

When you have any inquiries or require help about debt collection from the Republic of Cyprus, our corporation is able to offer our skilled guidance to efficiently take care of your money situation. you should Make contact with us to receive additional info and Experienced assistance from our experts.

This is dependent upon Every single scenario and debtor. We always start off from the amicable debt collection phase. this method usually takes a comparatively brief time for the reason that we provide your debtor with minimal time to accomplish the payment. When starting your case, your case worker will give an estimate with the period within your case.

Anastasios specialises in corporate legislation issues, insurance plan law and debt collection. In addition he has huge expertise in e-funds and payment expert services laws.

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