The smart Trick of cyprus law firm That No One is Discussing

Does your company have to cope with a debt collection circumstance in Cyprus simply because a Greek or Turkish buyer won't spend your invoice? Our debt collection professionals and Lawyers will probably be happy that will help you. We be certain that your fantastic Bill is paid promptly.

Also we could use credit facts companies and the web for our debt collection. In Cyprus along with in all EU member states the overall facts security Regulation might forbid the use of information which the debtor hasn't presented consent.

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ahead of initiating authorized motion, you ought to concentrate towards the statute of restrictions. The statute of limitations regulation sets six yrs for bringing promises from your date the debt arose. it ought to be borne in mind that the court docket has the right to increase this period to 2 decades if it considers it reasonable supplied the conditions of the situation.

Cyprus Civil method legislation: Governs the filing of lawsuits, support of writs, along with the judicial method for debt collection, setting up the groundwork for lawful steps towards debtors.

within the event of the undisputed declare between two get-togethers based in EU Member States (apart from Denmark), it is possible to start European get for Payment proceedings. The legal professional managing your case can evaluate whether or not this sort of course of action is suited in the case.

submitting a lawsuit against the debtor will be the last phase in our Cyprus debt collection process just before initiating execution on the judgement for that amounts because of.

limitations on website Enforcement methods: Debt collection approaches which include asset seizure or garnishee orders need a court judgment, offering debtors judicial scrutiny of collection attempts.

We take care of all out-of-court docket scenarios on a contingency payment foundation, also for debt collection in Cyprus. We aim to recover the principal sum including curiosity and fees out of your debtor.

The letter sent to the Debtor is prepared by our group of lawyers in Cyprus who involve the debtor to pay inside (typically) 10 times. The letter is either served towards the debtor via a court docket officer or sent by fax, article or electronic mail.

At Debt Kontrol LLC, we provide a full choice of debt collection in Cyprus services designed to fulfill the assorted wants of our purchasers:

Debt Settlement: Facilitating debt settlements that fulfill both the creditor’s needs and also the debtor’s ability to fork out.

Make contact with Debt Kontrol LLC nowadays to learn more about our debt collection in Cyprus and learn how we can easily guide you in recovering your fantastic debts.

We have now designed a blended workforce of local and Intercontinental professionals with excellent qualifications and numerous encounters, committed to add benefit to our customers via good quality company.