The cyprus law firm Diaries

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We perform immediately for clients, but we also assist intermediaries including regulation firms or accounting businesses.

In some cases, recovering your payment by deploying intensive actions may not be the best suited program of action. We know that with selected clients, it can be crucial for your Business to maintain a long-phrase marriage.

We'll often Make contact with your debtor by sending an Original demand letter and also a cellphone get in touch with. This way we prevent any sort of miscommunication. Our approach is always firm and respectful, and you simply will always be knowledgeable with the status of the scenario.

Issuing courtroom proceedings is the last vacation resort in the event the debtor is not prepared to settle his debt without the have to have for litigation. The client/creditor will be recommended regarding whether it is value gonna court docket as well as real looking probabilities of results in courtroom and collection with the debt.

When the amicable strategy fails, escalate the subject by lawful proceedings to acquire a court docket judgment, essential for debt enforcement.

Moreover, distinct limitation periods implement to selected issues. For statements associated with contract operate, There's a limitation duration of six several years.

soon after 5 months of sending reminders and reminders myself, I've chose to outsource my company's unpaid invoice on the collection business! immediately after just one demand from customers from them, my customer last but not least paid out. A lesson for me to outsource unpaid invoices a lot more swiftly to defaulters Down the road.

the initial step from the debt collection course of action in Cyprus would be the here out-of-court docket period. This is where the creditor tries to collect the debt by way of negotiation and conversation Using the debtor.

Antonis Paschalides & Co LLC regulation firm has become our external counsels for our enterprise exercise in Cyprus for the last 5 yrs. We consult them on many different projects (corporate issues, Opposition law, employment legislation problems, advertising and marketing regulation, mental assets law etc).

Interim measures in Cyprus A authorized scenario will take months to resolve. needless to say, we don’t want your debtor to work with that point to hide their assets, leaving almost nothing to collect when the court makes a ruling.

we have been dedicated to resolving your debt collection in Cyprus as speedily as you possibly can. Once you have submitted your situation, We'll do every little thing we are able to to Make contact with your debtor in Cyprus. We be certain to own your debtor approached by cellphone As well as in composing in Greek or Turkish.

We're going to often Call your debtor by sending an Preliminary demand from customers letter, which we also observe up by using a mobile phone call. this way we stay away from any form of miscommunication. Our technique is usually firm and respectful, so you will always be educated in the standing of the situation.

Cyprus’ economic system is created of various varieties of companies In keeping with their sizing, but also of differing types of individuals. This is why when dealing with debt Restoration, the initial element to consider is the kind of customer that has did not meet his/her economical obligations after which you can decide on the strategy to recover the fantastic amount of cash.

nevertheless, even in this case, There exists a potential for reaching a settlement by which the debtor will commit to shelling out the because of amount of money.

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