Karamanolis & Karamanolis LLC is often a boutique firm specialised in Commercial and company Litigation and Arbitration. The founders with the firm are expert and passionate experts who are on the forefront of numerous considerable commercial cases with the previous many years.

If a loading order over the immovable property in the debtor has actually been recorded While using the Land Registry, a sale of it could be ordered if it’s essential to go over the debtor’s dues.

method for Debt Collection in Cyprus In Cyprus, debt collection in relation to commercial transactions provides the creditor with automatic entitlements. This is predicated on Directive 2011/seven/EU on combating late payment in professional transactions which delivers for the subsequent:

Writ of Movables/Immovables This phase pertains to the attachment with the judgement to movables or immovable home and requesting their sale.

This letter features a paragraph that just in case the debtor does not reply throughout the deadline then lawful proceedings are going to be initiated by our staff of Cyprus legal professionals.

purchaser safety: Cyprus regulation guards consumers in debt collection, making sure fair and clear methods.

Our international debt collection Lawyers have considerable practical experience and familiarity with legislation and rules in Cyprus. We guarantee to get your debtor approached by cellphone As well as in crafting in Greek or Turkish.

the final case situation is when the negotiations fail and there is no other possibility than to maneuver on with initiating court docket proceedings towards the debtor.

Debtors commonly have a letter of declare coming from a lawyer more severely than any letters through the creditors them selves. Many debtors want to stay away from authorized proceedings against them and may be willing to settle outside of courtroom their monetary obligations.

Statute of restrictions: standard limitation duration of 6 click here decades for most civil actions, including debt Restoration, extendable underneath sure circumstances.

In the really unlikely celebration that we don't acquire just about anything, you will not must pay out us any service fees. you will find a full overview of our fees on our fees webpage.

000 businesses throughout the world, like Cyprus. Discover how our international experts and lawyers have helped other businesses in an identical circumstance and come across the answer for debt collection in Cyprus.

Do there is a debt collection situation in Cyprus? Please leave your Make contact with facts and one of our specialists will get in contact with you without delay to debate your situation.

By Functioning closely with our shoppers, we goal to expedite the method and secure payment on the debt immediately or go after a judgement to Get well payment.