cyprus law firm - An Overview
cyprus law firm - An Overview
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inside our expertise, by this stage, numerous debtors will probably commence with payment from the quantities owing. having said that, If your debtor won't adjust to time frames mentioned inside the letter of need, our group of attorneys in Cyprus will commence with recovering the debt via the authorized route – i.e. the filing of a lawsuit from the courts of Cyprus.
SCORDIS, PAPAPETROU & Co LLC can be a dynamic and top legislation firm in Cyprus whose roots day from 1922. Today it has a lot more than 30 specialised lawyers and is renowned for its potent international corporate and dispute resolution follow and abilities.
It is always troublesome when buyers or other debtors tend not to spend you. It gets to be even more challenging Once your debtors are located overseas.
Issuing courtroom proceedings is the last resort once the debtor is just not prepared to settle his debt with no have to have for litigation. The customer/creditor will be advised regarding whether it's truly worth about to court docket as well as the real looking possibilities of achievements in court docket and collection in the debt.
another stage is to prepare and ship a letter of declare towards the debtor, calling on him to pay the debt inside a fastened time period, ordinarily seven or 10 days. In case the debtor refuses and/or fails and/or denies to adjust to his economic obligations within the set, by us, timeframe, then we will search for to barter with him.
Eventually, In the event the negotiations aren't thriving, We are going to initiate the proceedings with a certified court docket in opposition to the debtor.
The debt collection technique in Cyprus starts using an assessment with the debtor’s solvency, his discipline of exercise, the record from the business, the availability of documentary evidence with the debt, latest courtroom situations and enforcement processes, as well as the potential of demanding the debt.
The collection companies and legislation firms in Cyprus also website can support the creditors in the course of the trials towards the debtors.
As an international debt collection expert, we take care of various kinds of promises in Cyprus. We acquire superb invoices as well as compensation statements. We might also mediate in rental and buy disputes.
the possibility for a successful recovery will depend on the nature within your debt collection situation. 95% from the scenarios that we clear up are properly performed so on a No Cure No Pay basis.
We have already been dealing with Antonis Paschalides & Co LLC law firm for over 40 years now on a variety of assignments (examining of contracts, corporate matters, work law troubles, representation ahead of the eu Court of Justice around the Cyprus bail in cases just to call a couple of).
We get hold of the go in advance through the consumer in advance of continuing on any foundation of settlement. The shopper will suggest us beforehand within the proposed time-frames of settlement in the sums thanks too as whether or not they will settle for any discounts on the quantities owed, whether they will even request curiosity or debt collection charges.
immediately after figuring out The difficulty and, consequently, advising the customer as to the easiest way attainable to a lot more ahead as well as the procedures involved, beneath the presented situation, we will then find to learn just as much as is possible about the debtor and his fiscal trustworthiness.
These safeguards ensure a scientific solution in direction of debt Restoration in Cyprus, hanging a harmony among efficient debt collection and defense of buyer rights from unjust collection methods.
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