Detailed Notes on cyprus law firm
Detailed Notes on cyprus law firm
Blog Article
organizations stay away from unpaid debts mainly because it is inconvenient and puts their standing at risk. It adversely has an effect on funds stream, retains up vital organization procedures, and should weaken interactions with creditors and staff.
In keeping with Cypriot regulation, It is far from necessary to rent an attorney to file a lawsuit against your debtor, neither is it important to have a lawyer stand for you in the legal proceedings.
If we can't recover the interest and costs out of your debtor, then these will probably be included in the rate. if you choose to get lawful action against your debtor, then we go to an hourly or mounted rate. We don't have any concealed prices and may first consult with you just before continuing with any motion.
Failure to reply to the makes an attempt of Call with the creditor, Restoration agency, or lawyer will often produce the latter submitting for your court docket buy throughout the due sum is attained.
even when collection organizations can be employed, It's also achievable to request legal assist, particularly when working with vital quantities that need to be recovered.
an organization inside of a debt Restoration problem have to seek out a quick and productive resolution prior to it adversely affects organization procedures.
make certain compliant and ethical debt Restoration with Debitura. begin now without upfront costs — create your absolutely free profile in this article.
amassing debts in Cyprus encompasses reminder issuance, repayment negotiations, lawful action initiation or even reporting defaulters to credit score businesses.
“Bierens is actually a extremely efficient and Qualified associate. not simply do they have a good debt collection treatment, they also give strong assistance.”
Collection of receivables in Cyprus is performed by submitting a claim under the regular or different method (while in the absence of a major dispute on the points) and through a simplified treatment.
We recognise that late payment is a typical concern faced by businesses in Cyprus, Which earlier due accounts and defaulted payments may have a substantial effect on the economic interests and profits of a business.
This is determined by Each and every problem and debtor. We normally start during the amicable debt collection section. this method normally takes a comparatively quick time due to the fact we offer your debtor with confined time to finish the payment. When starting up your situation, your caseworker will provide an estimate of the length of your case.
if you want guidance in chasing a debt, read more our Cypriot lawyers are at your disposal and will help you in the two the amicable and court docket proceedings.
as the debt collection expert or attorney assigned to the case is informed about the regional culture and small business customs, we can easily deploy a customized strategy which is suited to preserving a solid small business relationship along with your investing lover. When transferring your situation, you could generally come up with a Take note of the.
Report this page