5 Simple Statements About cyprus law firm Explained

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since we commence instances during the extrajudicial website phase on the No overcome No pay out basis, you get the standard of a debt collection law firm at the cost of an everyday debt collection company in Cyprus. figure out every thing you should know for A prosperous debt recovery in Cyprus.

SCORDIS, PAPAPETROU & Co LLC is usually a dynamic and primary law firm in Cyprus whose roots day from 1922. right now it has greater than 30 specialised lawyers and is also renowned for its robust Intercontinental corporate and dispute resolution practice and abilities.

We'll generally Make contact with your debtor by sending an Original demand letter along with a cell phone simply call. in this way we prevent any form of miscommunication. Our method is always firm and respectful, therefore you will always be informed from the status of your respective scenario.

While Cyprus is formally one place, the nation is administratively divided in two. The northern Portion of the island has been occupied by Turkey considering the fact that 1974.

nevertheless, in some cases, it can be recommended to seek legal support from an attorney, specially when the stakes are high. that's why Collection corporation collaborates with top legal professionals in Cyprus.

ship a well mannered reminder towards your debtor, Carefully prompting them regarding their fiscal obligation. This reminder really should:

The letter sent to your Debtor is ready by our team of legal professionals in Cyprus who call for the debtor to pay inside of (normally) ten times. The letter is either served towards the debtor via a courtroom officer or despatched by fax, put up or e mail.

Ordinarily, In the event the method for debt claiming is not disputed, the standard time with the issue of proceedings to your judgment doesn’t consider for a longer time than per month.

Expense Considerations: Creditors must be conscious of administrative and likely lawful advisory expenses in arranging their debt recovery tactic.

Despite the emphasis on amicable resolution, circumstances may well occur where by transitioning to legal motion results in being inevitable. Indications for this transition consist of persistent non-communication, habitual breach of repayment agreements, or intentional dodging because of the debtor.

Collection organization focuses on Intercontinental debt collection. Our specialists know just how to handle defaulters. We now have created an economical debt collection tactic and get the job done along with lawyers, Lawyers, and bailiffs in Cyprus.

this is the legitimate and enforceable judgment that's recognized in any Member point out (except Denmark). The European Order for Payment is never appropriate for disputed matters (so not in scenarios exactly where There's an argument concerning the Bill). The advantage of this method are velocity and small prices.

This relies on Every single situation and debtor. We always start while in the amicable debt collection section. this method usually takes a comparatively shorter time for the reason that we offer your debtor with minimal time to accomplish the payment. When starting off your situation, your situation employee will offer an estimate from the length of your situation.

Moreover, a lot of collection companies only handle extrajudicial collection. If your amicable stage fails, you will need to come across an attorney in Cyprus your self to initiate legal proceedings.

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