submitting an Appearance The debtor has ten days to file an visual appearance. there are plenty of scenarios through this Component of the debt collection process in Cyprus the debtor won't file an visual appeal.
Our purpose is to offer a speedy and cost-effective debt collection assistance to our consumers. Our team of legal professionals in Cyprus abide by all the traditional collection strategies and may propose the best suited collection strategy, owning regard to your consumer’s ideal interests.
If we are unable to Get better the fascination and charges from the debtor, then these are going to be A part of the price. If you decide to get lawful motion versus your debtor, then we move to an hourly or fastened rate. We do not need any concealed expenses and can very first talk to you before proceeding with any action.
just before initiating lawful motion, you need to pay attention on the statute of constraints. The statute of limitations law sets six many years for bringing statements from the day the debt arose. It should be borne in your mind the court has the appropriate to increase this era to two years if it considers it acceptable supplied the situation of the case.
In basic principle, we usually begin the debt collection approach with the more info extrajudicial period. at this time, we test to avoid courtroom intervention, as This may be high-priced. We will Get in touch with your debtor to desire payment.
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following the judgment is issued, the strategies of enforcement may well start out. The debtor’s assets can be object of your enforcement if the Court decides so.
This structured technique throughout the Cypriot civil courtroom method ensures that lawful matters are dealt with with performance and precision, supplying a strong framework to the adjudication of disputes, such as Individuals pertaining to debt collection.
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nevertheless, There's also scenario the place a problem can finish up in a very court of regulation. In such a case, the service of the Cypriot regulation firm will become necessary.
We have been dealing with Antonis Paschalides & Co LLC law firm for more than forty many years now on many various projects (examining of contracts, corporate matters, work law difficulties, representation before the European court docket of Justice about the Cyprus bail in scenarios just to call a couple of).
must the negotiations fail and there is no other option we will go forward with issuing Court proceedings. that is certainly only if we experience that there is a Great possibility of success in Court and achievements in gathering the debt.
Supreme court docket: At the apex in the court docket hierarchy stands the Supreme Court of Cyprus. It functions as each an appellate court docket for reduce court selections and a court docket of very first instance for constitutional and administrative regulation instances. This courtroom guarantees the uniform software and interpretation of regulation all through Cyprus.
Our nearby Lawyers will guide you in navigating the complicated bankruptcy course of action, making sure your declare is submitted properly and immediately.