Normally, In the event the method for debt boasting is not disputed, the average time in the difficulty of proceedings to the judgment doesn’t just take for a longer period than a month.

We implement federal Competitors and buyer safety regulations that avert anticompetitive, misleading, and unfair enterprise procedures.

Arbitration in Cyprus offers an alternate where a neutral arbitrator, or panel, will make a call within the matter just after Listening to the proof and arguments from both sides.

In cases of insolvency, the appointment of insolvency practitioners could be important to oversee more info the distribution of property between creditors. 

It is always troublesome when buyers or other debtors will not pay back you. It becomes even more difficult Whenever your debtors are located abroad.

We do the job together with our customers and prudently assess the challenges plus the needs of every individual circumstance aiming to build and talk a transparent strategy for rapidly and efficient collection of the debts.

Your prompt motion in resolving this problem is way appreciated, and we're hopeful for an amicable resolution without having resorting to lawful proceedings.

Collection business makes a speciality of Worldwide debt collection. Our specialists know exactly how to cope with defaulters. We have now produced an effective debt collection strategy and function along with attorneys, attorneys, and bailiffs in Cyprus.

customer defense: Debtors are entitled to legal rights like prompt payment, curiosity for late payments, and Restoration Price payment.

different dispute resolution procedures for B2B debt collection in Cyprus may well involve negotiation, mediation, or arbitration, supplying prospects to succeed in a mutually agreeable resolution without about to court.

Negotiation in Cyprus is the procedure in which events right connect to resolve their dispute, likely with authorized illustration. this process offers the highest flexibility, as the events Manage both equally the procedure and the result.

Evgenios Erotokritou would be the CEO of E.R. crew world-wide Consultants and a highly trained law firm specialised in corporate law and business formation. usually do not wait to contact us for virtually any legal difficulty you could deal with.

An arrest warrant is pending in opposition to a Chinese male, holder of the Cypriot copyright, who attempted to annul the court get, which the Supreme Court dismissed in September 2023.

Our prime problem would be to try and negotiate with every single debtor so as to stay clear of court docket intervention. The method accompanied by our knowledgeable collection staff, is to contact the debtors and convince them to settle their remarkable total owing by sending official notifications, desire letters, e-mails and through telephone calls.