As specialists in Global debt collection, our industry experts can show you everything you should know when handling cross-border collections and foreign debtors to properly Get well your payments. uncover all the things you need to know for An effective debt Restoration in Cyprus.

These feature their particular list of elaborate troubles. by way of example, many of the queries that are essential to look at are:

Furthermore we could use credit score facts businesses and the web for our debt collection. In Cyprus as well as in all EU member states the final knowledge safety Regulation might forbid the use of data which the debtor has not specified consent.

Cyprus is an element with the EU. hence, It's not necessarily constantly needed to accumulate your claim through the Cypriot lawful process. you can find Exclusive European treatments to recover cross-border statements. These strategies have been founded to make it less complicated to gather unpaid costs abroad (but in the EU).

A court judgment in Cyprus immediately has an enforceable standing. after the court has produced a ruling, we are able to instantly execute the judgment.

after a judgment is issued, the lawyer will carry on with all of the related measures and get any action accessible for the execution proceedings.

 The global financial disaster couldn't but have extended to Cyprus, also, and financial transactions taking place in Cyprus. Liquidity getting a extreme problem, it really is at present paramount for businesses to gather the things they are owed for items and/or companies offered.

since the debt collection expert or attorney assigned to the case is informed about the community culture and business customs, we can easily deploy a customised solution that is certainly ideal for protecting a strong enterprise romantic relationship with your trading husband or wife. When transferring your situation, you can normally create a note of the.

Antonis Paschalides & Co LLC legislation firm has been our exterior counsels for our company activity in Cyprus for the last five a long time. We seek the advice of them on many various tasks (corporate matters, Competitiveness regulation, work regulation concerns, marketing legislation, mental home regulation and so forth).

Our priority is that the debt is collected in probably the most time effective way and with the the very least prices feasible. We consequently seek to stay away from litigation anywhere doable. in several scenarios We are going to obtain the debt in just weeks by merely sending a straightforward letter of declare.

In case the amicable period proves to be ineffective and all attempts to Get better the debt have been exhausted, we would then endorse to move forward to your judicial collection phase. Our principal problem is always our consumers’ greatest desire, therefore, before filing any authorized measures the situation is analyzed in detail and also the lawful impression is supplied to our consumers for his or her consideration, outlining the results or the danger components of the situation.

charges and prices: Administrative charges begin from €185 for initiating read more the collection process, with further fees based on case complexity.

Do you've got a debt collection situation in Cyprus? be sure to go away your contact info and considered one of our professionals can get in touch along with you immediately to debate your case.

since the debt collection professional or legal professional assigned for your scenario is knowledgeable about the regional tradition and business customs, we can easily deploy a tailored strategy which is suitable for retaining a robust enterprise partnership with the trading spouse. When transferring your case, you may constantly generate a Be aware of the.