Supreme court docket: in the apex in the court hierarchy stands the Supreme courtroom of Cyprus. It capabilities as both of those an appellate court for decreased court docket choices plus a courtroom of initially occasion for constitutional and administrative legislation circumstances. This courtroom ensures the uniform software and interpretation of regulation all over Cyprus.
Collecting debts in Cyprus encompasses reminder issuance, repayment negotiations, authorized action initiation as well as reporting defaulters to credit rating organizations.
step one will be to mail a letter towards the debtor asking that he pays the debt inside of a particular timeframe (normally 10 days).
Our debt collection treatment aims particularly at combating strategic responses of debtors in not paying out whatever they owe even though in circumstances where by get more info the debtor is truly unable to pay, we offer a versatile method determined by the needs with the customer.
exceptional debt issues, in the initial letters of demand to handling personal bankruptcy steps against folks/entities,
Also, the credit score collector can not use Wrong statements in its makes an attempt to Get better the dues or applying Yet another identification. Accusations of any type can't be resolved towards the debtor.
This structured strategy throughout the Cypriot civil court docket method makes certain that legal matters are managed with effectiveness and precision, offering a robust framework to the adjudication of disputes, together with All those pertaining to debt collection.
post Bill Did a client in Cyprus not shell out the Bill? Did you lend cash which you under no circumstances bought again? Or do you've got a destruction declare on the island? accumulating excellent debt in Cyprus discourages several creditors since it is challenging and time-consuming.
a business within a debt Restoration circumstance should search for a quick and economical resolution just before it adversely influences company procedures.
Listening to After a number of other procedural ways, a day is set for a hearing wherever both equally get-togethers current their scenario as a result of their witnesses.
The legal collection period usually consists of acquisition of the enforceable courtroom buy. This normally mandates legal illustration by means of an area attorney in Cyprus, and The prices fluctuate depending on the complexity of the case plus the debtor's response.
Evgenios Erotokritou is the CEO of E.R. staff worldwide Consultants and a highly trained lawyer specialized in company legislation and company development. never hesitate to Make contact with us for virtually any lawful trouble you could deal with.
We use cookies making sure that we give you the finest encounter on our Web site. in the event you continue to implement This website we will believe that you're satisfied with it.OkNoPrivacy plan
Our mission is shielding the general public from deceptive or unfair organization tactics and from unfair ways of Levels of competition by means of law enforcement, advocacy, analysis, and education.