CIS DRS

DEBT COLLECTION IN CYPRUS

Debt portfolio management & Debt collection in CYPRUS
We recover your bad debts for the success fee.
One of the most beautiful places in Europe
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
Debt Collection in CYPRUS
  • 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
Debt Management in CYPRUS
  • portfolio analysis
  • control of payment terms
  • timely reminders
  • soft communication with clients
  • advisory regarding billing cycles
  • reminders via emails
  • receivables control
Litigation in CYPRUS
  • 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
Arbitration in CYPRUS
  • 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
Enforcement in CYPRUS
  • 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
Bankruptcy in CYPRUS
  • 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
  1. Get Proposal
  2. Forward for Client's Approval
  3. Collect Payment to Client
  4. CLOSE the File
Whether Debtor Responds Positively (if yes)
3.2
  1. Send In-house Demand Notice
  2. Whether Disputes (if yes)
  3. Get Proposal from Debtor
  4. Forward for Client's Approval
  5. Collect Payment to Client (if approved)
  6. Suggest Court Case If Worth (if no)
  7. CLOSE
Whether Responds Negatively (if no)
3.3
  1. Convince for Amicable Settlement
  2. Get Proposal
  3. Forward for Client's Approval
  4. Collect Payment to Client (if approved)
  5. CLOSE
Whether Disputes (if no)
4
You always receive reports regarding our efforts in time

  1. Current Status of Each Case
  2. Collection Efforts Our Lawyers Have Already Done
  3. What Should Be Done Further
  4. 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
FOR DEBT COLLECTION IN EUROPE:

TEL: +44-203-582-1943
EMAIL: europe@cisdrs.com

1 ROPEMAKER STR, LONDON,
EC2Y 9HT, UNITED KINGDOM

We work Monday to Friday, 9 AM - 6 PM (GMT)
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