Antonis Paschalides & Co.LLC
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    • Intellectual Property
    • Litigation
    • Real Estate & Construction
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    • Inheritance & Succession Law
  • Articles
    • Corporate
    • Family Law
    • Real Estate & Construction
    • Taxation
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    • Energy
    • Litigation
    • Admiralty & Shipping
    • Employment Law
    • Immigration
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  • CALL US | (+357) 22 661 661
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Debt Collection

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Debt Collection

Debt Collection

The global economic crisis could not but have extended to Cyprus and financial transactions taking place in Cyprus. Liquidity being a severe problem, it is these days paramount for businesses to collect what they are owed for goods or services provided.

The problem of late or even non payment has reached Cyprus not only on a local business level but also on the transactions of foreign nationals through Cyprus companies. Although Cyprus companies do offer considerable protection as to one's anonymity it is important for affected parties to know that Cyprus law offers protection to creditors and someone cannot simply "hide" behind a Cyprus company.

Antonis Paschalides & Co LLC has traditionally represented the major banking institutions of Cyprus in collection of their local debts and has recently been engaged by a number of foreign clients wishing to collect from Cyprus based individuals or companies.

Debt collection can require for two phases, the first one being "soft collection" which is the out of court attempt by the firm to collect the client's debt on a "no collection no fee" basis and the second phase which involves court proceedings and the usage by the firm of all means offered by the law for the recovery of a debt.

This email address is being protected from spambots. You need JavaScript enabled to view it. for any questions on debt collections.

  • Reliable legal service in a swift and friendly manner

    Antonis Paschalides & Co LLC law firm has been our external counsels for our business activity in Cyprus for the last 5 years. We consult them on many different projects (corporate matters, competition law, employment law issues, marketing law, intellectual property law etc). They always provide a state of the art and 100% reliable legal service in a swift and friendly manner. When needing lawyers in Cyprus, we would highly recommend Antonis Paschalides & Co LLC law firm for any kind of legal assignment.

    - ELAIS-Unilever Hellas S.A
  • Practical and cost effective advice in a friendly manner

    We have been working with Antonis Paschalides & Co LLC law firm for over 40 years now on many different projects (reviewing of contracts, corporate matters, employment law issues, representation before the European Court of Justice on the Cyprus bail in cases just to name a few). They always provide sound practical and cost effective advice in a friendly manner. We highly recommend the firm for any kind of legal assignment.

    - Christos Savvides / Managing Director / Ledra Advertising Ltd
  • Quality and professionalism

    We are pleased to take the opportunity to complement Antonis Paschalides & Co LLC law firm on the quality and professionalism that is characterized by their firm in all aspects of their business. Antonis Paschalides & Co LLC law firm has worked with us in the last two years on a number of our portfolio companies (provision of fiduciary – corporate – legal services) and we have been impressed by the quality of its consultants, the impact of their work, the honest and reliable services and their professional approach in a number of cases. We look forward to many more successful years of cooperation.

    - Nayia Argyrides / Legal Director of F.F. FEEDSERVE FIDUCIARY SERVICES LIMITED
  • Practical legal advice

    Operating globally in the online financial services sector, we always have to face complicated legal challenges that need to be dealt with extreme urgency. We have been working closely with Antonis Paschalides & Co LLC law firm since 2013 and can say that they always provide thoughtful, thorough, and, most importantly, practical legal advice regarding a variety of legal matters. They respond quickly and clearly with analysis and advice. They are a valued advisor to the XM Group on Cyprus law.

    - Ilias Mavrommatis – Founder, Managing Director - XM Group 
  • Reliable legal service in a swift and friendly manner
  • Practical and cost effective advice in a friendly manner
  • Quality and professionalism
  • Practical legal advice

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