Karamanolis & Karamanolis LLC is usually a boutique firm specialized in Commercial and Corporate Litigation and Arbitration. The founders of the firm are expert and passionate industry experts who are at the forefront of many major professional scenarios on the previous a long time.
Payment statements in Cyprus Have a very limitation period of time that differs when compared with other countries. you will find, nevertheless, many solutions to interrupt this limitation time period. For more details, it is best to Call our experts.
If this stage will not deliver the predicted effects or right after an Original Evaluation it gets to be apparent that it is not relevant, you'll want to carry on to recovery through the methods presented for by law.
To implement payment of the dues, the debtor should be judged by a certified court docket. A price have to be paid out for issuing the situation for the courtroom. The value of it can be regulated by the business Registrar in accordance with the courtroom restrictions.
The amicable route provides a lot of benefits for all parties involved. Creditors circumvent the hefty expenses connected with authorized proceedings and concurrently protect a must have company associations, thanks to the approach’s cordial character.
there are several forbidden methods within the Cypriot debt collection course of action to get a debt collector or lawyer to work with in his try to ascertain a debtor to pay for its dues.
A lawsuit will be prepared by our group of legal professionals in Cyprus who'll then request the consumer to critique it. The Statement of declare will incorporate all quantities thanks in addition to the expenses paid by the customer with the debt collection treatment
the final situation state of affairs is in the event the negotiations fall short and there's no other option than to maneuver on with initiating courtroom proceedings in opposition to the debtor.
need to we are convinced the debtor has no fiscal believability and would not fork out Despite a check here Court judgment within our fingers, we might then recommend the client It's not necessarily worth pursuing this subject in Court. This is, even so, hardly ever the situation as being the debt will probably be collected efficiently in the vast majority of situations.
little by little, we raise the stress via cellphone phone calls, SMS or WhatsApp messages, and e-mails. We keep on this till the excellent Bill is paid out. In a period of 3 weeks, there will be described as a optimum of 16 times of contact.
We strongly feel that in nowadays’s modern-day Modern society and organization environment, Exclusive emphasis ought to be placed upon choice dispute resolution mechanisms and out-of-court settlements for resolving disputes.
through the extrajudicial period, we get the job done depending on a contingency price. Which means our payment is immediately proportional to the amount we recover. We also goal to Recuperate the desire and collection fees from a debtor as much as possible in order To maximise your income.
The debtor’s property might be frozen prior to the judgment situation by applying some measures after the assert was registered to the courtroom but only less than some Unique circumstances. The immovable and movable Qualities might be Section of the Particular seizure.
an uncomplicated way to gather the debt is from the mediation, and that is a versatile and private process which can help the get-togethers to uncover their frequent floor and work to resolving their dispute by agreement. for a sort of Alternative Dispute Resolution mediation is starting to become more and more well known.