The 2-Minute Rule for cyprus law firm
The 2-Minute Rule for cyprus law firm
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We operate immediately for purchasers, but we also aid intermediaries such as regulation firms or accounting firms.
Enforcement may be used for as much as 10 years after a judgement has been issued. The court docket enforcement strategies get more info which our workforce of Cyprus legal professionals will execute on behalf of the creditor are:
because we perform with lawyers in Cyprus, we will perform all interaction using your debtor in Cypriot language. This will increase the chances of payment even even further.
To enforce payment of the dues, the debtor needs to be judged by a licensed Court. A rate need to be paid out for issuing the situation towards the courtroom. the worth of it really is regulated by the business Registrar according to the court docket laws.
The length of lawful proceedings in Cyprus relies on the complexity of your respective circumstance and if your debtor raises a defence.
At D. Hadjinestoros & Co LLC We've got an extremely superior success fee in debt collection as we comply with up routinely to the debtor making use of all lawful channels and means of conversation.
Debtors generally acquire significantly a letter of claim coming from a lawyer, as opposed to any letters from the creditors, by themselves. Without any question, lots of debtors want to stop lawful proceedings towards them and can be willing to settle their economical obligations outside of court docket.
If pre-authorized endeavours are unsuccessful, our qualified lawyers can initiate lawful proceedings in opposition to the debtor, which include getting judgments and enforcing court docket orders to Get better the debt.
irrespective of whether it worries unpaid invoices or other claims in Cyprus, we know how to collect your money. To do this, we use our carefully assembled community of attorneys and bailiffs in Cyprus.
We'll constantly give you information and facts beforehand concerning the likelihood of results in your debt Restoration issue. We may even inform you beforehand regarding the possible costs, and we only commence together with your authorization.
substitute dispute resolution mechanisms, such as mediation and arbitration, can also be offered in Cyprus. These can be quite a speedier and fewer official technique to take care of disputes and Get well unpaid debts.
Should your debtor fall short to respond, then our specialists and legal professionals can offer you by having an expected outcome or training course of motion in just four months. If authorized proceedings are necessary, the debt collection system requires for a longer time. The duration relies on the lawful proceedings and on if the debtor raises a defence.
We provide thorough assistance on creditors’ rights and secured transactions, assisting clientele enforce their rights and safeguard their pursuits in conditions of debtor default.
on the other hand, even In this instance, You will find there's probability of reaching a settlement through which the debtor will dedicate to paying out the due sum of money.
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