The smart Trick of cyprus law firm That Nobody is Discussing

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Filing an look The debtor has 10 days to file an appearance. there are various instances in the course of this Component of the debt collection method in Cyprus which the debtor will not likely file an appearance.

With our industrial litigation working experience and know-how, we are improved positioned to navigate tough disputes and statements to obtain a more rapidly and seamless Restoration.

technique for Debt Collection in Cyprus In Cyprus, debt collection in relation to commercial transactions delivers the creditor with automatic entitlements. This relies on Directive 2011/seven/EU on combating late payment in commercial transactions which supplies for the following:

Any occasion for the dispute who is not pleased with the ultimate choice with the court docket of very first instance has the proper to attractiveness it on enchantment inside 42 times with the date of here the choice. Filing an attraction does not cease the execution of the final determination.

in the long run, it really is your decision whether you want to carry on with lawful motion. If you do, our Global debt collection expert will focus on along with you the lawful alternatives readily available and what the authorized process will entail.

inevitably, Should the negotiations will not be thriving, We're going to initiate the proceedings with an authorized courtroom against the debtor. 

Debt collection in Cyprus always commences while in the extrajudicial section exactly where we send your debtor customised need letters and make contact with them by telephone. If the debtor disputes the declare or fails to reply, then we can commence by taking authorized action in session along with you.

The collection companies and regulation firms in Cyprus can also support the creditors throughout the trials against the debtors.

Antonis Paschalides & Co LLC law firm has long been our external counsels for our business enterprise action in Cyprus for the final five yrs. We seek advice from them on many different tasks (company issues, Competitiveness law, work regulation difficulties, marketing and advertising legislation, mental home regulation etc).

Submit your contact information and one among our debt collection experts will Speak to you immediately!

This suggests finding out just as much as is possible concerning the debtor and about his money position. Then, our Lawyers in Cyprus will write a letter of declare and ship it towards the debtor, summoning her or him to acquit the debt in a certain time frame, normally of 7 to ten times.

George Y. Yiangou LLC may perhaps support and act on behalf of our clients with discretion, professionalism and sensitivity on any debt collection subject in Cyprus.

In Cyprus, debt recovery necessitates navigating as a result of an intricate legal framework. Adherence to these rules fosters successful debt recovery and upholds good treatments, which happen to be essential for sustaining trustworthiness in small business dealings.

We aim to deliver value for all our clients and welcome responses on any element of the provider we provide.

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