Little Known Facts About cyprus law firm.
Little Known Facts About cyprus law firm.
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With our professional litigation knowledge and expertise, we are improved positioned to navigate challenging disputes and promises to achieve a more rapidly and seamless Restoration.
We cope with all out-of-court docket instances over a contingency cost basis, also for debt collection in Cyprus. We purpose to Get better the principal amount of money including desire and costs from the debtor.
Though Cyprus is formally 1 place, the nation is administratively divided in two. The northern Section of the island has actually been occupied by Turkey since 1974.
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Send a well mannered reminder in your debtor, Carefully prompting them with regards to their fiscal obligation. This reminder ought to:
It should be famous that the courtroom can enforce the freezing of your debtor’s banking account or simply to issue an purchase towards any immovable residence the debtor has.
With this manual, we dig deeper into Each individual phase from the debt collection course of action in Cyprus. We've comprehensive answers to offer, from getting amicable alternatives to initiating individual bankruptcy proceedings. belief us for being by your facet by way of it all.
inside the framework of this method, it is possible to judicially terminate fraudulent/fictitious transactions of the debtor directed at withdrawing their assets so that you can avoid debt repayment through the compelled sale of such assets.
Our one of a kind method of debt collection ensures that we provide distinct know-how plus a customised strategy that meets the person desires of our purchasers, while also cutting down fees and growing the quantities that they are able to gather.
preparing is paramount within the debt collection course of action in Cyprus. To you should definitely're on strong ground, scrutinize contractual agreements for obvious, enforceable terms that were appropriately communicated towards your debtor. This consists of:
If forced execution doesn't bring on good results, if there are signs of individual click here bankruptcy (the debtor is not able to repay the debt, has dedicated an act of personal bankruptcy, and so on.) and provided that the amount of the debt is at least 15,000 euros, then it is actually a good idea to initiate personal bankruptcy proceedings.
Antonis Paschalides & Co LLC has traditionally represented the foremost banking establishments of Cyprus in collection in their nearby debts and has just lately been engaged by several international purchasers wishing to collect from Cyprus centered people or companies.
an uncomplicated way to gather the debt is in the mediation, which happens to be a flexible and confidential technique which can help the parties to search out their typical ground and perform in direction of resolving their dispute by arrangement. to be a kind of different Dispute Resolution mediation has started to become increasingly well-known.
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