The debt collection approach in Cyprus might be divided into two stages. over the extrajudicial stage, collection will take location with no court docket intervention.
Only the ideal-accomplishing companies keep on being inside our network, giving you access to excellent debt recovery products and services in spite of where your debtors are.
Also our regulation Firm is ready to deliver an action right before any court docket in the event the conditions involve it.
Any get together to your dispute who's not content with the final determination of the court of 1st occasion has the ideal to attraction it on attraction in just forty two days from your day of the decision. submitting an charm will not stop the execution of the ultimate determination.
They often give seem practical and cost-effective information within a friendly method. We very advise the firm for virtually any lawful assignment.
In some cases, recovering your payment by deploying in depth measures could not be the best suited training course of motion. We know that with specified prospects, it is important for your organisation to maintain a long-phrase relationship.
it ought to be pointed out that the courtroom can enforce the freezing of your debtor’s banking account or simply to problem an order against any immovable assets the debtor has.
Our legal professionals have substantial working experience symbolizing banks together with other economical institutions in here debt Restoration issues, ensuring the effective enforcement of their rights along with the Restoration of superb debts.
When your debtor won't pay back the superb declare, then you will be billed the basic price starting from €185. With these charges, we protect the administrative fees, report and investigation. Your debtor will likely be approached in penned communication and phone by telephone by a native expert.
In accordance with situation regulation, any amounts compensated to the legal professionals as Component of the debt collection in Cyprus (offered These are realistic) can be recovered as damages with the debtor As well as any from the amounts because of.
We have already been working with Antonis Paschalides & Co LLC regulation firm for more than forty several years now on numerous assignments (reviewing of contracts, company matters, work law difficulties, illustration in advance of the ecu court docket of Justice on the Cyprus bail in situations just to call a number of).
000 corporations around the globe, together with Cyprus. Learn the way our Worldwide specialists and attorneys have served other firms in the same situation and uncover the answer for debt collection in Cyprus.
Cyprus’ financial system is built of varied forms of companies Based on their measurement, but in addition of differing kinds of individuals. That is why when working with debt Restoration, the 1st component to consider is the kind of purchaser that has didn't meet up with his/her monetary obligations after which you can make a decision on the strategy to Get well the exceptional amount of money.
A subpoena for confiscation and sale in the surety’s movable home could be emitted. The surety’s movable assets needs to be Element of general public auctions.