Karamanolis & Karamanolis LLC is usually a boutique firm specialised in professional and Corporate Litigation and Arbitration. The founders in the firm are experienced and passionate gurus who have been for the forefront of many sizeable industrial situations with the previous a long time.
With our commercial litigation experience and abilities, we're much better positioned to navigate demanding disputes and claims to attain a more quickly and seamless recovery.
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Cyprus is part in the EU. hence, It's not necessarily often essential to acquire your assert through the Cypriot authorized technique. you will find special European techniques to Get better cross-border statements. These techniques are proven to make it much easier to gather unpaid website payments overseas (but in the EU).
if the creditor is coping with a great deal of debtors, we use a expert software package intended to keep track of the Cyprus debt collection course of action. If the creditor so needs, our expert application could be linked Using the databases on the creditor so that the creditor is at all times informed about the process and at what phase (on the stages pointed out down below) the debt accumulating process is at.
Listening to immediately after several other procedural ways, a day is set for a hearing the place both functions present their scenario through their witnesses.
just in case the debtor is really a purely natural individual we will require the customer to offer us with any facts that they've on the whereabouts in the debtor in an effort to aid us With all the debt collection system. In Cyprus, legal professionals can accumulate all information and facts referring to debtors plus the starting point will be the customer.
Our choice is to gather your claim with no courtroom intervention. as a result, we usually start a collection while in the amicable period. If this has no result, then We're going to talk about your judicial options along with you. We will never intiate court docket proceedings without your specific consent.
from time to time, when a corporation is experiencing money problems, it’s tough to spend the creditors. During this Extraordinary cases, collection businesses or a law firm in Cyprus may very well be hired to Get well many of the creditor’s losses. normally, There's a payment or perhaps a Section of the recovered debt that needs to be paid to those agencies.
having said that, In case the debtor is unwilling or not able to pay, the next phase will be to proceed lawfully as being a creditor. In Cyprus, a permit will not be necessary to conduct debt collection pursuits, but it is important to be aware of the legal techniques and limitations.
When the judge makes a ruling, the authorized prices of the profitable get together are typically awarded to the getting rid of social gathering. These expenditures can be gathered along with the first debt, for example through seizure of assets.
Specialising in debt collection we Blend professionalism and extensive expertise with the authorized system by using a industrial and functional method of debt collection.
Our team of professionals can guide in insolvency and bankruptcy proceedings, serving to creditors defend their interests and Get better their debts proficiently.
a straightforward way to gather the debt is with the mediation, which can be a versatile and private course of action which can help the parties to find their prevalent ground and function towards resolving their dispute by settlement. being a type of other Dispute Resolution mediation has started to become ever more well known.