Not known Facts About cyprus law firm
Not known Facts About cyprus law firm
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Our desire is to collect your claim without courtroom intervention. Therefore, we constantly start a collection inside the amicable section. If this has no outcome, then we commence with courtroom motion. However, we normally do so in session along with you initially.
As outlined by Cypriot legislation, It isn't mandatory to hire a lawyer to file a lawsuit in opposition to your debtor, nor is it important to have a lawyer signify you over the lawful proceedings.
because we work with attorneys in Cyprus, we can easily conduct all communication with the debtor in Cypriot language. This raises the probability of payment even further.
Failure to respond to the makes an attempt of Make contact with in the creditor, Restoration agency, or law firm will often lead to the latter submitting to get a courtroom order from the due total is received.
A court docket judgment in Cyprus immediately has an enforceable status. when the court has manufactured a ruling, we could right away execute the judgment.
In addition, distinct limitation periods use to sure issues. For promises connected to contract operate, There's a limitation duration of six many years.
For uncontested promises, there is a summary judicial course of action readily available, which happens to be a quicker plus much more Charge-effective alternative than a complete trial. This process is utilized for promises that aren't disputed through the debtor, and will involve a court docket buy for payment or maybe the attachment of property.
Cyprus is a party to Global treaties facilitating the recognition and enforcement of foreign judgments for cross-border debt collection.
They know particularly which policies and laws implement, which court docket we may have to go to, And the way we are able to correctly acquire your assert.
The creditors are not able to send a notification that appears like Formal documents, can not give Wrong data regarding the debtor to other organizations or make use of a false company title.
In case the amicable section proves being ineffective website and all efforts to Get well the debt have been exhausted, we'd then propose to proceed on the judicial collection stage. Our main concern is always our clientele’ most effective fascination, for that reason, before submitting any lawful steps the situation is researched intimately along with the legal view is specified to our purchasers for their consideration, outlining the achievement or the danger components of the case.
owning exhausted all achievable out-of-courtroom legal solutions and pursuing the instructions from the customer, we will then continue to problem courtroom proceedings in opposition to the debtor. with regards to the instances of every situation, it could be achievable and suitable to file an interim get against the debtor’s immovable home or, even, freeze his lender accounts up until finally the amount owed for the creditor.
Antonis Paschalides & Co LLC has customarily represented the main banking institutions of Cyprus in collection in their local debts and has not long ago been engaged by a variety of overseas customers wishing to gather from Cyprus centered men and women or organizations.
By Operating closely with our shoppers, we purpose to expedite the process and protected payment of the debt quickly or pursue a judgement to Get well payment.
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