providers keep away from unpaid debts since it is inconvenient and puts their reputation at risk. It adversely has an effect on dollars stream, holds up important business procedures, and should weaken relationships with creditors and workers.
SCORDIS, PAPAPETROU & Co LLC is a dynamic and leading law firm in Cyprus whose roots date from 1922. now it's much more than thirty specialized lawyers and is particularly renowned for its solid Intercontinental company and dispute resolution follow and more info knowledge.
Debt collection businesses, such as Debitura, play a vital purpose in facilitating amicable debt Restoration in Cyprus. By leveraging their experience and means, these agencies initiate the Restoration course of action through adept identification of debts and debtor conditions, pursuing up with strategic conversation makes an attempt.
This process consists of intensive interaction Using the debtor in an effort to utilize continuous stress. the leading process is to establish connection with crucial selection makers to attain fast debt repayment.
A court judgment in Cyprus automatically has an enforceable standing. after the court has made a ruling, we are able to right away execute the judgment.
We cooperate that has a community of Expert and responsible Law Firms in each one of these spots with the judicial debt collections.
Chambers & Co can assist with debt restructuring and negotiations, encouraging clients get to mutually useful agreements with their debtors when avoiding costly authorized disputes.
if you want help in debt collection in Cyprus, we strongly propose our providers. With a long time of experience in civil law matters, our lawyers may also help neighborhood and international corporations to recover remarkable debts from their customers and clients. We are with the disposal of individuals who need other lawful expert services.
immediately after obtaining a final court selection, In case the debtor refuses to voluntarily adjust to the court docket choice, a writ of execution ought to be obtained and offered towards the bailiff for execution.
inside the event of an undisputed claim amongst two events located in EU Member States (apart from Denmark), it is possible to begin European Order for Payment proceedings. The attorney handling your circumstance can assess whether or not this kind of procedure is appropriate inside your situation.
We are working with Antonis Paschalides & Co LLC legislation firm for over 40 years now on numerous assignments (reviewing of contracts, company issues, work legislation concerns, illustration right before the eu court docket of Justice about the Cyprus bail in conditions just to call a handful of).
If the debtor refuses to pay even once the issuance of a courtroom judgment against him, we will use the next methods in order to execute the court docket judgment:
The courtroom charges rely upon the value on the assert and the nation during which litigation takes position. sometimes, the amount is set, even so, What's more, it is dependent upon litigation course of action. On top of that, our very own lawful costs are bundled as well.
Cyprus Civil course of action Law: Governs the filing of lawsuits, assistance of writs, and also the judicial procedure for debt collection, creating the groundwork for legal steps against debtors.