An Unbiased View of cyprus law firm
An Unbiased View of cyprus law firm
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Collection corporation normally takes care of the complete collection procedure, in the amicable phase for the extrajudicial section. For this intent, we do the job along with a community of bailiffs and lawyers in Cyprus.
the worldwide economic disaster could not but have extended to Cyprus and money transactions going down in Cyprus. Liquidity currently being a extreme issue, it can be these days paramount for businesses to gather the things they are owed for items or solutions supplied.
in the event all efforts to conclude the debt collection in Cyprus by means of negotiation do not convey the effects We'll then move forward with the following action which would be to deliver a letter of demand on behalf of our shoppers.
This process requires intense interaction Using the debtor in an effort to implement regular strain. the principle activity is to ascertain contact with vital decision makers to achieve fast debt repayment.
capable sources might be wasted with the creditor to comply with up on normally irrecoverable debts thanks and occasionally, the creditor’s only decision is to deal with the debts as “bad”.
an organization in a very debt Restoration scenario have to seek out a quick and effective resolution before it adversely influences company processes.
it ought to be famous the court can implement the freezing of the debtor’s bank account or perhaps to problem an order in opposition to any immovable house the debtor has.
It's not necessarily normally probable to depend on the Cypriot lawful technique. Here is the scenario Whenever your debtor is found in Northern Cyprus.
Antonis Paschalides & Co LLC regulation firm has long been our exterior counsels for our enterprise action in Cyprus for the last 5 years. We seek the advice of them on a variety of tasks (corporate website issues, Levels of competition law, employment legislation difficulties, advertising and marketing regulation, mental house law and so on).
Interim steps in Cyprus A authorized scenario may take months to resolve. not surprisingly, we don’t want your debtor to make use of that point to hide their assets, leaving nothing at all to collect as soon as the courtroom will make a ruling.
As a number one cross-border debt collection law firm, we have use of worldwide enterprise databases and credit rating experiences. inside of these databases, we can easily see your debtor’s credit status, decide why the invoice wasn't paid and refine our tactic accordingly.
George Y. Yiangou LLC could support and act on behalf of our shoppers with discretion, professionalism and sensitivity on any debt collection matter in Cyprus.
The debt collection method is often sophisticated and daunting for those new to it. Our group of professionals is here that can assist you realize the process and navigate it with ease. Get totally free skilled advice in your certain situation, furnished by our team of expert gurus.
As currently mentioned, in case our debt collection system by means of smooth communication and negotiation fails, We'll proceed with sending a letter of desire for the debtor. This remains Component of our out of court strategy in bringing the procedure of debt collection in Cyprus to a close.
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