running globally in the online economical solutions sector, we constantly should experience sophisticated legal issues that should be addressed Severe urgency. We are actually Doing the job intently with Antonis Paschalides & Co LLC law firm due to the fact 2013 and may say that they often supply thoughtful, complete, and, most importantly, functional lawful advice concerning many different legal matters.
the prospect for a successful Restoration depends on the character within your debt collection scenario. We address 95% of all situations on the contingency foundation.
We handle all out-of-court cases on the contingency price basis, also for debt collection in Cyprus. We aim to recover the principal amount which include desire and prices from the debtor.
The legal collection phase generally will involve acquisition of the enforceable court order. This usually mandates lawful illustration through an area attorney in Cyprus, and the costs fluctuate dependant on the complexity of the situation plus the debtor's reaction.
This information doesn't constitute authorized information. for your free of charge, private session with a specialist With this region you may Speak to us to rearrange an appointment by cellular phone or email.
Debt collection in Cyprus does not have to generally be an advanced process. With Bierens by your aspect, we can assist you triumph over the language, cultural and authorized variances that arise when addressing debt collection in Cyprus. As experts in international debt collection, our authorities can tell you every little thing you need to know when coping with cross border collections and foreign debtors to properly Get better your payments.
the worldwide economic crisis could not but have prolonged to Cyprus, far too, and financial transactions going down in Cyprus. Liquidity getting a intense challenge, it truly is these days paramount for organizations to collect what they are owed for items and/or expert services supplied.
If your debtor does not have current court docket scenarios or exceptional court decisions on debt collection, and He's actively engaged in industrial here things to do, then it really is a good idea to make use of the phase of amicable debt collection.
Antonis Paschalides & Co LLC regulation firm has long been our external counsels for our enterprise activity in Cyprus for the final five a long time. We consult them on many different initiatives (corporate matters, Level of competition regulation, work law troubles, promoting legislation, mental property regulation etcetera).
The first step will be to ship a letter on the debtor inquiring that he pays the debt in a certain timeframe (usually ten days).
As a leading cross-border debt collection regulation firm, We have now entry to worldwide small business databases and credit history stories. inside these databases, we are able to perspective your debtor’s credit status, decide why the Bill was not compensated and refine our system accordingly.
When you have any concerns or need to have support with regards to debt collection inside the Republic of Cyprus, our business is ready to deliver our expert help to proficiently take care of your financial challenge. Please contact us to receive additional info and professional support from our experts.
right after identifying The problem we recommend the shopper concerning the best way to move forward and the strategies associated. We then look for to find out just as much as possible about the debtor and his financial believability.
In Cyprus, amicable debt collection stands out as a price-successful and marriage-preserving approach for reclaiming overdue payments. This non-litigious solution underscores negotiation and knowledge, aiming to strike a stability that acknowledges the debtor's circumstances though safeguarding the creditor's economical passions.