The Basic Principles Of cyprus law firm

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In case the shopper decides to problem Court proceedings against the debtor In the end other efforts have failed, within just a couple of days We're going to file the claim at the court docket.

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There's a closing date inside of which creditors can legally go after debt collection in Cyprus, generally six yrs through the date of default. 

No matter the situation, it's best to 1st achieve an agreement Using the debtor ahead of taking any further more steps. This really is why, there are two approaches through which debt Restoration can take place in Cyprus.

It is important to note that this is the different system from debt collection and should be handled by a authorized Expert.

as soon as a judgment is issued, the attorney will proceed with the many related actions and choose any action available for the execution proceedings.

as an example, we can try this by requesting an order of seizure. In that circumstance, the court docket appoints a bailiff to seize assets from your debtor. it really is even possible to seize belongings from third events.

the final circumstance state of affairs is if the negotiations fail and there is no other option than to maneuver on with initiating courtroom proceedings from the debtor.

Whether it problems unpaid invoices or other promises in Cyprus, we learn how to collect your money. To accomplish this, we use our very carefully assembled network of attorneys and bailiffs in Cyprus.

In case the debtor just isn't attentive to the letter we will find to negotiate with him about the cellphone. a lot of debtors will prefer to settle the debt at this early stage and negotiate a payment system.

in the event that the amicable get more info period proves to become ineffective and all attempts to recover the debt are actually exhausted, we'd then endorse to move forward to your judicial collection phase. Our most important worry is always our shoppers’ best curiosity, hence, prior to submitting any lawful actions the case is studied in detail plus the legal feeling is given to our clientele for his or her thought, outlining the results or the risk variables of the situation.

They generally supply a point out with the art and a hundred% reliable legal service inside of a swift and helpful method. When needing attorneys in Cyprus, we'd very recommend Antonis Paschalides & Co LLC law firm for virtually any lawful assignment.

If you need aid in chasing a debt, our Cypriot attorneys are at your disposal and may help you in equally the amicable and court docket proceedings.

We purpose to provide price for all our clientele and welcome feedback on any element of the provider we provide.

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