providers keep away from unpaid debts as it is inconvenient and puts their status at risk. It adversely affects funds flow, holds up vital company procedures, and may weaken associations with creditors and workers.
Evgenios Erotokritou may be the CEO of E.R. Team world-wide Consultants and a qualified lawyer specialised in corporate regulation and corporation development. usually do not be reluctant to Get in touch with us for virtually any lawful challenge you could contend with.
course of action for Debt Collection in Cyprus In Cyprus, debt collection in relation to professional transactions gives the creditor with automatic entitlements. This is based on Directive 2011/7/EU on combating late payment in commercial transactions which supplies for the subsequent:
Our Global debt collection lawyers and your assigned caseworker can help you further and explain anything you need to know for An effective debt collection in Cyprus.
This letter includes a paragraph that in the event that the debtor will not respond in the deadline then lawful proceedings might be initiated by our team of Cyprus attorneys.
the moment a judgment is issued, the law firm will continue with many of the relevant actions and acquire any action available for the execution proceedings.
For uncontested statements, There exists a summary judicial procedure available, and that is a faster plus more cost-powerful selection than a entire trial. This process is utilized for promises that are not disputed via the debtor, and may consist of a court get for payment or perhaps the attachment of belongings.
This process features sending a payment reminder on our behalf. generally, This really is enough to enforce payment in the excellent quantity.
It is entirely doable to rent a Cypriot debt collection agency for debt collection on the island. The challenging aspect is that you will immediately come upon a major language barrier if you do not talk Greek or Turkish you.
nevertheless, You can also find situation exactly where a circumstance can wind up inside of a courtroom of regulation. In such cases, the support of a Cypriot law firm turns into required.
Debt collections can not just be enforced in Cyprus but judgments may be executed overseas too. To paraphrase even though a debt may be produced in Cyprus though the debtor is afterward relocating out of the region, we could proceed with filing of a court motion in Cyprus, serve the defendant overseas, then have the judgment issued in Cyprus and thereafter have it executed at the debtors state or point out of home.
They usually give a condition on the artwork and one hundred% responsible lawful provider inside of a swift and friendly way. When needing legal professionals in Cyprus, we'd remarkably endorse Antonis Paschalides & Co LLC legislation firm for any type of lawful assignment.
Do you have a debt collection circumstance in Cyprus? remember to leave your contact information here and certainly one of our specialists will get in touch with you at the earliest opportunity to debate your scenario.
we could request a ecu Payment Order from your selected court docket in your personal nation. They situation the payment buy depending on quite a few typical sorts that we fill out for you personally.