The cyprus law firm Diaries

Despite the emphasis on amicable resolution, cases could crop up exactly where transitioning to legal motion gets inescapable. Indications for this changeover incorporate persistent non-communication, habitual breach of repayment agreements, or intentional dodging via the debtor.

For European get for Payment proceedings, the creditor commonly completes a regular type and submits this towards the courtroom. The courtroom then difficulties a ecu get for Payment. The debtor then has 30 days to state whether they object on the claim. If there isn't a response in the 30-day period of time, you may check with the court docket to generate the get for payment final (termed a “declaration of enforceability”).

This allows us to abide by a flexible and client centered approach as Component of our debt amassing system.

Cyprus is a component of the EU. Therefore, It is far from usually essential to accumulate your declare throughout the Cypriot legal technique. you will discover Distinctive European methods to Get well cross-border claims. These processes happen to be set up to really make it much easier to gather unpaid payments overseas (but in the EU).

We also know that the Coronavirus can have established a back log of debts, several of that happen to be real situations of incapability to pay, although Several other situations relate to strategic behaviour via the Debtors not to pay for their debts.

the moment a judgment is issued, the attorney will proceed with all of the appropriate actions and just take any action readily available for the execution proceedings.

For uncontested claims, There exists a summary judicial system accessible, which is a a lot quicker and a lot more cost-efficient option than the usual complete trial. This process is employed for statements that are not disputed more info with the debtor, and can contain a courtroom order for payment or maybe the attachment of property.

Our legal professionals have considerable knowledge representing banks and other money establishments in debt recovery issues, guaranteeing the efficient enforcement of their rights plus the recovery of superb debts.

the trouble of late or perhaps non payment has attained Cyprus not just on a neighborhood organization amount but also over the transactions of foreign nationals via Cyprus companies.

The creditors cannot send a notification that appears like official files, are not able to give Bogus data concerning the debtor to other businesses or make use of a Wrong business identify.

in the event that the debtor is a company our Cyprus debt collection technique consists of working a research With all the databases in the Registrar of organizations in an effort to Track down the registered Business handle of the company, the names and personal addresses of the administrators in order for us to have the ability to build Speak to.

ought to the negotiations fail and there is no other alternative we will go ahead with issuing Court proceedings. That is provided that we experience that there is a Excellent possibility of good results in Court and success in collecting the debt.

When working with debt collection in Cyprus, it is possible to rely on Bierens. even though our professionals obtain the answer you require, you may resume enterprise as typical. We will let you with the following cases:

By Doing work closely with our shoppers, we aim to expedite the process and safe payment from the debt quickly or go after a judgement to Get well payment.