The 2-Minute Rule for cyprus law firm
The 2-Minute Rule for cyprus law firm
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conversation Together with the debtor starts quickly right after sending the notification by mail, e mail, telephone or quick messengers.
According to Cypriot legislation, It is far from necessary to rent an attorney to file a lawsuit in opposition to your debtor, nor is it important to have a lawyer symbolize you through the legal proceedings.
because the top cross-border debt collection regulation firm, We have now access to international enterprise databases and credit rating reports. Within these databases, we could watch your debtor’s credit score status, decide why the invoice wasn't paid out and refine our approach accordingly.
Bierens is really a hugely efficient and Expert companion. Not only have they got a superb debt collection process, In addition they give strong tips
In Cyprus, amicable debt collection stands out as a cost-helpful and romantic relationship-preserving method for reclaiming overdue payments. This non-litigious strategy underscores negotiation and being familiar with, aiming to strike a equilibrium that acknowledges the debtor's conditions when safeguarding the creditor's fiscal passions.
We are enthusiastic to announce that our regulation firm has merged with Haviaras & Philippou L.L.C., a dependable legislation firm aiming to provide the shoppers of the two firms beneath the name of Haviaras & Philippou L.L.C.
The letter despatched to your Debtor is prepared by website our crew of attorneys in Cyprus who have to have the debtor to pay for in (generally) ten times. The letter is either served to your debtor by way of a courtroom officer or despatched by fax, submit or email.
The collection companies and legislation firms in Cyprus could also support the creditors throughout the trials towards the debtors.
This phase is essential for formalizing the debt and enabling additional enforcement actions. Our community of local Lawyers will stand for your situation in court docket, delivering skills and familiarity with area legal guidelines.
The creditors are not able to deliver a notification that looks like official files, can't give Phony information and facts concerning the debtor to other agencies or utilize a Bogus organization title.
We recognise that late payment is a typical situation faced by organizations in Cyprus, and that previous owing accounts and defaulted payments might have an important impact on the monetary interests and profits of a business.
A further forbidden action would be that the creditor are not able to obtain much more debit than it designed to, besides the case the place the point out law provides so.
Supreme court docket: with the apex in the court docket hierarchy stands the Supreme Court of Cyprus. It capabilities as equally an appellate court for reduce courtroom choices along with a courtroom of first occasion for constitutional and administrative law conditions. This court docket makes sure the uniform application and interpretation of legislation through Cyprus.
The judgment expenses usually are paid with the defendant nevertheless it’s not a standard rule, the choose may well dispose that both equally functions should spend their component.
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