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Does your business have to deal with a debt collection case in Cyprus because a Greek or Turkish client does not fork out your invoice? Our debt collection specialists and Lawyers will likely be pleased that will help you. We make certain that your fantastic invoice is paid immediately.
next the detailed evaluation of arguments and evidences from both equally get-togethers within the Listening to, the Cypriot court renders its selection. The judgment might culminate during the approval on the personal bankruptcy petition, dismissal on the petition, or suggestion of other resolution solutions.
In conditions the place the creditor emerges victorious, it is typically possible to recover a significant portion with the legal expenses through the debtor. having said that, particular charges, such as court docket service fees and a few administrative expenses, could possibly must be compensated upfront from the claimant.
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This letter features a paragraph that in the event that the debtor does not respond in the deadline then lawful proceedings might be initiated by our workforce of Cyprus lawyers.
Creditor Claims: Creditors should lodge claims in just a established deadline; possibilities involve retainment of products or asset valuation.
Be recommended this letter is surely website an Formal notice, which can be offered as evidence in lawful proceedings, must you fall short to apparent the debt in the supplied timeframe. further authorized expenses and attorney service fees might be incurred, plus your creditworthiness may perhaps undergo like a consequence.
For more substantial or maybe more elaborate situations, the Cyprus District Courts serve as the first instance courts. These courts tackle a wide range of civil and specific criminal scenarios, together with Individuals connected to debt collection. The decision on which District courtroom to technique is determined by The situation on the debtor or the area in which the debt was incurred.
When handling debt collection in Cyprus, you could rely on Bierens. whilst our industry experts come across the answer you need, it is possible to resume enterprise as normal. We will let you with the next circumstances:
Anastasios specialises in company regulation matters, insurance policy law and debt collection. Moreover he has large expertise in e-money and payment providers laws.
In some cases, recovering your payment by deploying substantial steps will not be the best suited course of motion. We understand that with particular shoppers, it is important for your Corporation to maintain a protracted-phrase connection.
Securing a Judgment: publish-declare lodging, the timeline for attaining a judgment can lengthen from numerous months to potentially a lot more than a 12 months, specifically in conditions where the assert faces contestation or necessitates elaborate testimonies and proof.
In particular scenarios, we will likely interact in the experience-to-facial area conversation together with your debtor in Cyprus. When the debtor does not spend inside a set time frame, we can commence legal proceedings on your instruction. Announcing authorized proceedings often convinces your buyer in Cyprus to pay for.
assert Disputes: Insolvency practitioners can acknowledge or dispute promises; unresolved disputes need court docket intervention.