The beauty of Cyprus is not only in the great mountains, sea, or beaches. From the height of our worldwide experience, we may note that Cyprus is among the best places for business and various trade activities.
The latest legislation trends show progress for legal control of debt collection and fair practice of local companies. However, the Cyprus companies in credit still have the possibility to close their business having huge commercial payment responsibility before their counterparty and avoid responsibility.
CIS DRS lawyers are the one you can trust
For B2B debt collection services you might need the best professionals in order to return your money. Our managers and lawyers always find the best mercantile debt solution for you and your debtor, therefore preventing problems caused by the local legislation bureaucracy chain.
Our negotiations lawyers have years of experience in resolving the issues with debt recovery in Cyprus. CIS DRS has built strong relationships with the local financial institutions and lawyers, which gives us the confidence to take on any challenge in this field.
Our international debt collection agency in Cyprus is well aware of the local rules, regulations, and trading traditions. With excellent negotiation techniques, lawyers will do their utmost to retrieve your debt.
Our ambitious goals - reflecting our pure reputation
Our mission is to help our clients not only in debt recovery but also to prevent such cases in the future. Hence, we will investigate your contract and business strategy in this field and will find the best solution in order to assist you to build your strong legal position in agreements.
Legal practice in Cyprus
You also can be sure that if your client does not want to resolve the issue amicably. However, we have done everything possible for you to reach such a goal. Nevertheless, we will support and pass your case through other institutions, get to the winning end, and legally return your money.
We follow our promises
One of the most essential values of our company is to provide excellent client service. You always will be updated with detailed reports on each and every case lawyers work on. CIS DRS work is aimed at finding mutually beneficial solutions between parties that is why we are one of the best in this field.
AT A GLANCE
Serving Clients in CYPRUS for more than two decades
analysis of trade documents in default
credit check of the debtor's company
strategy for peaceful settlement
drafting official demand letters
phone negotiations with debtor
personal negotiations with debtor
drafting restructuring plan
control of installment payment
portfolio analysis
control of payment terms
timely reminders
soft communication with clients
advisory regarding billing cycles
reminders via emails
receivables control
legal review of trade documents
translation of the documents
drafting a Power of Attorney
making a strategy of litigation
drafting and filing law-suit
application for assets seizure
participation in court hearings
obtaining judgment for client
legal review of arbitration clause
translation of necessary documents
drafting a Power of Attorney
making a strategy for arbitration
drafting and filing law-suit with IAC
application for assets seizure
participation in arbitration hearings
obtaining arbitral award for client
analysis of judgment or arbitral award
making a strategy of enforcement
drafting application for enforcement to local court
participation in court's hearings
obtaining writ of enforcement
filing the writ to Bailiff's Service
control of execution work
filing creditors claims
representing clients in creditors committee meetings
bankruptcy process monitoring
liquidators communication
regular reporting to client
assets recovery
DEBT RECOVERY IN CYPRUS
No Recovery-No Fee.
CLAIM PROCESSING
Verifying Debtor's Address
Checking Debtors' Status in Database
Brief Report to Client
Case Strategy Design
Confirmation Receipt
Claims Automation System
Case Processing Starts Immediately
NEW CLAIM
Our lawyers do their best to collect your credits
COLLECTION EFFORTS
1
2
3
3.1
Get Proposal
Forward for Client's Approval
Collect Payment to Client
CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
Send In-house Demand Notice
Whether Disputes (if yes)
Get Proposal from Debtor
Forward for Client's Approval
Collect Payment to Client (if approved)
Suggest Court Case If Worth (if no)
CLOSE
Whether Responds Negatively (if no)
3.3
Convince for Amicable Settlement
Get Proposal
Forward for Client's Approval
Collect Payment to Client (if approved)
CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time
Current Status of Each Case
Collection Efforts Our Lawyers Have Already Done
What Should Be Done Further
Expected Outcome Or Suggestion
REPORTING
NEED TO COLLECT YOUR DEBT? WE CAN HELP YOU!
Just fill in the form and we will revert to you ASAP