We are pleased to announce another significant success for our dispute resolution department, which has successfully represented a German corporate client in a debt recovery matter under the recently implemented Cyprus Civil Procedure Rules 2023.
This case marks a practical illustration of the new procedural framework, especially the enhanced emphasis on pre-action protocols. These protocols are designed to encourage early settlements, minimize disputes, and significantly reduce litigation costs and delays.
Through proactive negotiations and strict compliance with the pre-action protocols, our legal team effectively managed to recover the debt swiftly, avoiding protracted court proceedings. Our strategic approach facilitated open communication between parties, which led to an early settlement, thus maximizing cost efficiency and preserving valuable business relationships.
The successful handling of this matter demonstrates our firm's readiness to fully embrace procedural innovations aimed at achieving greater efficiency and effectiveness in dispute resolution. We remain committed to adopting forward-thinking legal solutions, safeguarding our clients' interests, and ensuring swift results in line with best practices and international standards.
If you require assistance or advice regarding debt recovery matters, or if you'd like further information about the new Civil Procedure Rules 2023 in Cyprus, please contact our Dispute Resolution team.