cyprus law firm Options
cyprus law firm Options
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post your Speak to specifics and one of our debt collection experts will Get hold of you quickly!
Evgenios Erotokritou will be the CEO of E.R. Team Global Consultants and a seasoned law firm specialised in company regulation and company development. will not wait to Speak to us for any legal difficulty it's possible you'll contend with.
process for Debt Collection in Cyprus In Cyprus, debt collection in relation to industrial transactions supplies the creditor with automatic entitlements. This is based on Directive 2011/seven/EU on combating late payment in business transactions website which delivers for the subsequent:
This process involves intense conversation Using the debtor in an effort to implement regular pressure. the key undertaking is to ascertain connection with vital determination makers to realize speedy debt repayment.
In principle, we normally start out the debt collection method Together with the extrajudicial period. At this stage, we try to prevent Court intervention, as this can be high priced. We'll Speak to your debtor to desire payment.
following the last court docket has manufactured the decision and if the debtor refuses or fails to comply with the debt payment, our Cypriot lawyers can use the next strategies to Recuperate the debt:
as an example, we will make this happen by requesting an get of seizure. In that circumstance, the courtroom appoints a bailiff to seize belongings from the debtor. it is actually even feasible to seize property from third functions.
Our goal is to collect the extra curiosity and prices from the debtor; however, this depends on the character of your case. With No heal No pay back debt collection in Cyprus, you can hope the following:
It's not unheard of for these to also refer the debts to collection businesses or legal professionals in Cyprus, as they would like to Get better their funds without delay.
Despite the emphasis on amicable resolution, circumstances may possibly come up where by transitioning to authorized motion becomes inevitable. Indications for this changeover involve persistent non-conversation, habitual breach of repayment agreements, or intentional dodging from the debtor.
We have been working with Antonis Paschalides & Co LLC regulation firm for over forty decades now on numerous jobs (examining of contracts, company issues, work legislation problems, representation before the eu courtroom of Justice on the Cyprus bail in cases just to call a number of).
In case you have any concerns or will need assist about debt collection within the Republic of Cyprus, our firm is able to supply our qualified support to correctly solve your economical concern. make sure you Call us to obtain extra information and facts and professional support from our professionals.
In cases in which the debtor has no belongings for seizure, look at submitting for individual bankruptcy. When the debtor is by now bankrupt, submit your claim promptly for verification.
By Operating carefully with our clientele, we aim to expedite the procedure and secure payment of the debt instantly or pursue a judgement to recover payment.
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