running globally in the web financial solutions sector, we normally need to face difficult authorized problems that must be handled Extraordinary urgency. We are Performing carefully with Antonis Paschalides & Co LLC legislation firm since 2013 and can say they usually supply considerate, complete, and, most of all, sensible legal information regarding many different authorized issues.
authorized session if Necessary: should really amicable resolution prove unfruitful, we offer three aggressive estimates from neighborhood legislation firms, empowering you for making knowledgeable choices regarding authorized action.
critical to This really is recognition of Cyprus's statute of restrictions which, according to the Limitation of steps Law (66(I)/2012), generally imposes a 6-calendar year interval for initiating most civil steps, with a few kinds of promises having unique intervals. this era ought to be viewed together with:
Our precedence would be that the debt is gathered in quite possibly the most time effective way and Together with the minimum expenditures possible. We therefore seek out to stay away from litigation where ever achievable. In many cases, We'll accumulate the debt inside few months by basically sending a letter of desire, by which we assert the amount owed to our client.
If we use the ecu smaller promises technique, we are able to post your assert into the court docket as part of your nation. The court docket will then ahead the claim to your Cypriot debtor. Your debtor can elevate objections, and each functions can post electronic evidence. The judge could even Manage a videoconference Listening to.
When the debtor is unable to pay, enforcement of a claim can be done by obtaining an enforcement buy from your court docket. This allows the creditor to seize assets or garnish wages to Get well the debt.
submitting a lawsuit from the debtor is the final move in our Cyprus debt collection treatment ahead of initiating execution with the judgement with the quantities due.
This structured approach in the Cypriot civil court program ensures that authorized issues are managed with performance and precision, furnishing a sturdy framework to the adjudication of disputes, such as All those pertaining to debt collection.
irrespective of whether it concerns unpaid invoices or other claims in Cyprus, we understand how to obtain your money. To accomplish this, we use our meticulously assembled network of attorneys and bailiffs in Cyprus.
Our exclusive method of debt collection makes certain that we offer distinct awareness plus a customised technique that satisfies the person demands of our consumers, though also lowering costs and growing the quantities that they're equipped to collect.
This implies discovering out just as much as feasible concerning the debtor and about his financial position. Then, our Lawyers in Cyprus will create a letter of claim and deliver it on the debtor, summoning her or him to acquit more info the debt inside of a certain timeframe, typically of 7 to ten days.
following the closing court docket judgment is sent and When the debtor keeps refusing and/or failing and/or denying to comply with his money obligations as well as the courtroom judgment towards him, we can easily progress accordingly and use the following treatments so that you can execute the Court judgment from him:
Whilst litigation is seen as a last resort, our firm features a crew of skilled lawyers who are well-versed in debt collection, from the amicable section to lawful processes.
The payment order is then despatched towards your debtor. The debtor has the opportunity to file an objection towards the declare. If that does not happen, we could implement the ecu Payment purchase by seizing assets from your debtor.